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CONVERSION OF PRIVATE LIMITED COMPANY TO PUBLIC LIMITED COMPANY

Like a partnership firm often converts into Private Limited company to expand its scope of scalability, similarly, a Private Limited Company in order to expand further, convert itself  into a Public Limited Company.

SOME KEY FEATURES OF A PUBLIC LIMITED COMPANY

  1. The Public Limited Company has the option of coming up with an IPO, through which it raises its capital.
  2. The Public Limited Company has option of trading of its shares which is missing in case of a Private Limited Company.
  3. The Public Limited Company offers unlimited membership and therefore the capacity to raise funds as and when required is easily available.

PROCEDURE OF CONVERSION OF PVT LTD CO TO PUBLIC LTD CO.

STEP 1: Issue of notice to the Directors 7 days prior to the board meeting.

STEP 2: Adoption of AOA & MOA

STEP 3: Notice regarding EGM

STEP 4: ROC filing

STEP 5: E-FORM MGT-14

STEP 6: E-FORM INC-27 filing

STEP 7: Submission of Documents as required

DOCUMENTS REQUIRED

  1. DSC of all the Directors.
  2. DIN of all the Directors.
  3. Proof of Identity.
  4. Proof of Address.
  5. Photograph of all the Directors.
  6. Address proof of Principle place of business.
  7. NOC or Rent Agreement as required.
  8. Copy of ITR Acknowledgement.

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