Private Limited to Public Limited

Convert a Private Limited Company to a Public Limited Company

 

By converting your private limited company to a public limited company, you can allow for the free transfer of shares in the market through the issuance of a prospectus!

Introduction

In India, the share transferability of a private limited company is limited to 50 shareholders, and they are restricted from freely trading their shares with the general public. However, a Public Limited Company does not suffer such limitations and its shares may be freely traded amongst the general public. Sign up for our Conversion from Private to Public Company Service today, so that your company can shed the restrictive cocoons of Private Company regulations and emerge as a new Public Company. With our team working for you, you can focus on the impending transition, and acquiring funding for the same. Sign up today!

 

  Distinctions between Private and Public Limited Companies

Private Companies Public Companies
Transfer of shares to only a few investors May offer shares to the general public
Cannot be listed Can be listed
Lower Compliance requirements Higher Compliance requirements

 

 

 

 Required Documents

The documents required in order to effect a change from a Private to a Public Company are –

  • Altered memorandum and articles of association.
  • Notice of Extra Ordinary General Meeting (EGM) which was held to pass the board resolution indicating the approval of Directors for the conversion of a Private Limited Company to Public Limited Company.
  • Special resolution for conversion of the company into a public company is to be filed with the following attachments.
  • A certified true copy of the special resolution approving such conversion.
  • Form INC 27 – Application for the conversion of Private Limited to Public Limited.
  • Form MGT 14.
  • Minutes of the Meeting where approval was given for conversion.

Registration Procedure

Panomics Legal Mentors will help you to convert a Private Limited to Public Limited company from the comfort of your home, offering you services that are very specialized and tailored for each individual.

Get a free Consultation for company conversion with Our Top Rated Experts with a simple registration.

Click here to read more about “Convert Partnership to LLP”.

Click here to read more about “Convert Sole Proprietorship to Private Limited Company” .