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Convert your Private Limited Company into a Public Company and Unleash the power of your entrepreneurship with the help of ComplyKart professionals easy and hassle-free

Package inclusion:

  1.  Best Consultancy by Expert CA

  2.  Name Reservation

  3.  Filing of Form-2, 3, MGT-14

  4. Document Drafting and LLP Agreement

  5. Post conversion compliances

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PRIVATE LIMITED COMPANY INTO PUBLIC LIMITED COMPANY

What is Private Limited Company ?

Private Limited Company is a great structure to grow your business but with certain limitations like restrictions in transfer of shares and restriction of maximum number of shareholders. When you think of grow big, you need a bigger team and you need bigger funds, there you go public and value to your Business. ComplyKart is the Industry Leader with great experience in Corporate Restructuring and Business Registrations all over India.

What is Public Limited Company ?

A Public Limited Company is a type of Company where there is no limit of Shareholders and there is no restriction in transfer of shares. This type of business entity is beneficial when the company is planning for go for Public Issue as it is required for a Company to be a public company to go for public issue. Public Company can be formed with minimum number of 3 Directors and 7 shareholders. Having a Public Company creates a trust in public and other dealing stakeholders.

 

Advantages of Public Limited Company

Better Management

Since the Public Company is bigger in size, the management of Public Company always try to employ best of the staff with better management skills and decentralize the decision taking power

Easy transferability of Shares

The shares of a public Limited Company are held by huge number of shareholders and these shares are listed or sometimes non-listed. The shares of Public company are easily transferable since it is traded on the stock Exchange.

More Credibility

Public Limited Company is the most trustworthy entity as it has to comply with many laws and regulations. Therefore stakeholders rely more on Public Limited Companies.

Better Expansion

Since there is an involvement of number of people in Public Company therefore the Capital contribution in Public Company is comparatively large which helps in quick expansion

More Attention

The Shares of a Public Limited Company are listed on a stock exchange therefore it attracts the attention of public at large resulting into diversified shareholding base.

Procedure of conversion

  • 1

    Convene Board Meeting

    Convene a Board Meeting of Directors and pass necessary resolutions for conversion and obtain approval from the Ministry.

  • 2

    Obtain Shareholders’ Meeting

    Convene an Extra-Ordinary General Meeting and obtain approval of Shareholders to convert the Private Company into a Public Company and Alteration of its Memorandum & Articles

  • 3

    File Form MGT-14

    Form INC-14 is required to be filed to the Registrar to intimate about the EGM and the alteration of Memorandum & Articles of Company within 30 days of the EGM.

  • 4

    File Form INC-27

    Form INC-27 is to be filed with Registrar of Companies to affect the conversion with attached minutes of EGM, CTC of Board Meeting and altered AOA

  • 5

    Approval from ROC

    ROC upon receiving the Form INC27 and other required documents approves the conversion and issues a fresh COI in the new name of Company.

Documents Required

  • Identity Proof of Shareholders and Directors
  • Address Proof of Directors and Shareholders
  • Utility Bill of the proposed Registered Office for the company
  • A No Objection Certificate from the landlord
  • Memorandum of Association (MOA)
  • Articles of association (AOA)

    • How ComplyKart can help

    Consulting & Strategy

    Our conversion experts will give you the best consulting and prepare the strategy for conversion of your Private Limited Company into Public Company

    Client’s growth

    Our services are aimed at achieving growth for clients. We can provide necessary guidance for understanding the conversion process.

    Competence is our strength

    We make every effort to stay updated with the rules and regulations by MCA. This enables us to deal with client’s needs effectively.

    Always there for you

    The assurance of a dedicated workforce including support staff and managers can be a promising factor in the conversion process

    Post Conversion Compliance

    Once the conversion is approved by the Authority you need to comply with certain rules which we help you to Comply and keep it running

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