Private to Public

A Private Limited Company  is a company which restricts subscription of shares by public at large as well as transfer of shares. .It is a voluntary association of not less than two and not more than 200 members, whose liability is limited. The control remains closely the hand of the promoters or their relatives. Whereas, A Public Limited Company is a Company where the minimum number of members required is seven. However, no limit has been prescribed for the maximum number of members, hence can have unlimited persons as their member. It is legal entity and has its own identity which is separate from its owners. The shares of Public limited company are highly liquid in nature, hence can get its shares listed on public bourses which may be purchased by the public and trade freely on the open market. Both form of business has its own benefits and limitations and operates according to the provisions of the Companies Act, 2013 and the rules made thereunder. Very often it happens that when the private limited company expand and intent to list itself with the stock exchanges, then at first stage, they are required to convert themselves into Public limited Company by complying the procedure laid down in the Companies Act, 2013 and the rules made there under. We, at Complianceship, having the experience of more than 10 years of converting Private Ltd. Company into Public Limited Company, provide full fledge assistance to the entrepreneur in converting its private Company into Public Limited Company without any hassle and help them in achieving their dreams.