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Conversion of Private Limited Company into Public Limited Company

Starting at Rs. 6,999/-(Govt. fee extra)

Save upto 60%

PRIVATE LIMTED COMPANY INTO

PUBLIC LIMITED COMPANY

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.

What will you get in

Rs. 6,999/-
(Govt. fee extra on actual)

  • Execute all necessary documents;
  • Certified True copy of Board resolution
  • Certified True Copy of EGM
  • Notice of EGM
  • Amended MOA & AOA
  • Filing of Forms with ROC
  • Certificate of incorporation
  • Liasioning with the department
  • 24*7 assistance

Why

Complianceship?

  • Faster processing
  • Expert assistance
  • Lowest rate with best services
  • Save your time
  • Confidentiality of information
  • 24*7 E-mail assistance

Key points of

consideration

  • Name of the Company to be altered from “Private Limited” to “Public Limited/Limited” wherever mentioned.
  • Conversion to be approved by Shareholders and Central Government.
  • Memorandum of Association must be altered to give effect of conversion.
  • Articles of Association of Company to be altered in such a manner that they no longer include the restrictions and limitations applicable on Private Company.
  • Ensure number of members in Company is seven prior to conversion [Section 3(1) of Companies Act, 2013].
  • Ensure number of Director to be three [Section 149(1) of Companies Act, 2013].
  • Ensure Company has filed annual returns or financial statements due for filing with the Registrar [Rule 29 of Companies (Incorporation) Rules, 2014].
  • Company has not failed to pay or repay matured deposits or debentures or interest thereon.
  • Post conversion Print New set of Memorandum of Association and Article of Association, arrange for new stationary and letter heads.
  • Make application for modification in PAN of Company.
  • Provide Intimation to all the Government Departments/Authorities as may be required.

Private to Public

Frequently Asked Questions

Ans. The main advantage is the shares are freely tradeable and can be listed on a stock exchange, providing liquidity to the investment made by the investors.
Ans. Being public in nature, additional compliances being imposed so as to protect the interest of the public at large.