BBNC

Conversion of Pvt Ltd to Public Limited


A Public Limited Company is a company with limited liability whose shares are publicly bought and sold to the general public. Under the Companies Act of 2013, a private limited company can be converted to a public limited company.
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Overview

Private limited companies are popular, yet every private limited company aspires to become public at some time in order to enhance scalability.

A private company can be converted to a public company by meeting the following criteria:
  • By passing a special resolution in accordance with Section 14, it can change its articles, therefore removing the three constraints of a private company.
  • By passing a special resolution in accordance with Section 13, it changed its name, removing the word "Private" from its name.
  • Furthermore, if the number of members is less than 7, measures should be taken to increase the number of members to at least seven, and the number of directors to at least 3 if there are only 2 directors.
The company goes public on the date when the Special Resolution under Section 14 is passed. However, the change in its name by removing the term "Private" becomes effective only when the Registrar of Companies issues a new certificate of incorporation.



Benefits of Conversion of Pvt Ltd to Public Limited

Checklist/Requirements

  1. DSC (Digital Signature Certificate) and DIN ( Director Identification Number ) of two directors.
  2. Preparation of MOA ( Memorandum of Association ) and AOA ( Articles of Association).
  3. PAN ( Permanent Account Number ) and TAN ( Tax Deduction and Collection Account Number) card.
  4. Name search, application and name reservation.
  5. CIN (Certificate of Incorporation).

Process of Conversion of Pvt Ltd to Public Limited

Step 1: Holding a Board meeting

Step 2: Issuance of a notice regarding EGM and holding the EGM

Step 3: Filing of the form with RoC

Key Deliverables

  1. New Incorporation certificate
  2. New MOA and AOA
  3. New PAN

Conversion of Private limited company to Public limited company

Why Choose Us

  Entrepreneur Friendly

We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.

  Experienced Professionals

All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.

  One Stop for All Your Requirements

We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.

  Cost-Effective

We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.


Frequently Asked Questions


Who controls a public limited company?
Shareholders own a public limited company, but they elect a board of directors to govern and make decisions on its behalf.
A public company is a company that is listed in the well-known stock exchange and can be traded freely. Where a private limited company is not listed on a stock exchange and it is held privately by the member of the company.
A Private Company is Prohibited under Section 2(68) to issue shares to the public by way of Public Issue in addition to that even Section 23 does not allow Private Companies to offer shares by way of Public Issue.
Yes, minimum number of 7 directors are required.