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Conversion of Private Limited to Public Limited
A Public Company has seven or more members and can invite public to subscribe to its shares. A subsidiary company of a Public company is deemed to be a Public company.
A Private company is an organization which limits its number of members to 200 and cannot invite public to subscribe to its shares. The Companies Act, 2013 provides for converting a Public Company to a Private Company by altering the MOA and AOA of the company.
The main advantage of Public Company is that it can raise reserves at a large scale without approaching banking system and reducing debt whereas Private Companies which are privately owned, all the reserves are raised by existing members, shareholders and promoters. If a Private company goes public then the risk is also shared among the shareholders. Public companies once recorded, get indirect promotions and support through stock exchange websites where their stocks are recorded.
Conversion of Private Limited Company to Public Limited Company can be done through us.
What is Included In Our Package?
- Name Search & approval
- Modified MOA/AOA
- Company PAN Card
- Registration Fees
Procedure for Conversion of Private Limited Company to Public Limited Company
Complete our Simple Form
You are required to fill the details in our simple questionnaire and submit documents.
Verification and Name Approval
For further procedures, details provided by you will be verified by our experts.
Drafting of MOA/AOA
After submitting your documents we will draft/modify MOA/AOA for your company .
We will create your documents and application and file them with ROC.
Your work is completed
Once your company is incorporation, we send you all the documents and DSCs.
Documents required for Conversion to Public Company
- Copy of PAN Card of Directors
- Passport size photograph of Directors
- Copy of Aadhaar Card/ Voter identity card
- Copy of Rent agreement(If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers (If owned property)
- Landlord NOC (Format will be provided)
Minimum Requirements for Conversion
- DSC for 1 Director
- Minimum 7 Shareholders
- DIN for all directors
- Minimum Authorized Share Capital of Rs 5 lacs
- Minimum Paid up Share Capital of Rs.5 lacs
- Director and shareholder can be the same person
- Minimum 3 Directors
Frequently Asked Questions
Yes, you need a minimum of 3 Directors for a Public Limited Company. If you are sole owner, you can register as a One Person Company.
Any individual/organization can become the member of the Public Limited Company including foreigners/NRI.
There is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges.
IncFile can convert a Private Limited Company typically in 14-20 days. The time taken also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration into Public Limited Company, please pick a unique name for the proposed Company.