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A public limited company has the authority to sell its shares to the general public and attain the profit out of it.

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Conversion from Public limited to private limited

There is a way to convert a private limited company into a public limited company. The process requires the alteration in the Articles of Association and Memorandum of Association.

Public to a private limited company

  • 1

    Step 1

    The board meeting is called for the conversion

  • 2

    Step 2

    The special resolution is drafted in the meeting and the changes are proposed in MOA and AOA.

  • 3

    Step 3

    The date of the Extra ordinary meeting is decided and every member is intimated about the same

  • 4

    Step 4

    The date and notice about the EGM is issued to every member if the company.

  • 5

    Step 5

    In an EGM approval of the conversion takes place and the special resolution is passed. Every shareholder of the company has a say for their vote about the same.

  • 6

    Step 6

    There are various forms that need to be filled for the conversion of the Public to the Private limited company which are then submitted to the ROC.

  • 7

    Step 7

    The total process takes 30 days during which the articles of association as well as the Memorandum of Association are approved and the conversion is made.

Documents required for the conversion process

  • PAN card of the Directors
  • Passport size picture
  • Rent agreement
  • NOC from the Landlord
  • Aadhar Card of the members
  • The property papers if the place is owned
  • Water bill of the place owned
  • Frequently asked Questions

    What is the minimum requirement of directors in a private Limited Company?+
    Does the conversion require any extra payment?+
    What comprises a Private limited company?+

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