Convert your Private Limited Company into a Public Limited Company online with expert CA support. Raise capital from the public, list on stock exchange, and unlock new growth opportunities.
Complete the Conversion of Private Limited company application form.
Provide us with pertinent documents.
Make an online payment.
Our executive will manage the application process for Conversion of Private Limited company.
We will mail you a certificate of incorporation.
Private limited firms have a lot to offer on their own, but eventually every private limited company wants to go public to increase scalability. Companies that offer the idea of an Initial Public Offering (IPO) and have the notion of shares for the general public include both private limited businesses and public limited companies.
Private limited corporations have a restriction on the transferability of shares, which is lifted by an IPO. The primary benefit of a public company is its ability to raise reserves on a wide scale without using the banking system and reduce debt.
Thus, switching from private to public is typically motivated by expansion and flexibility. Contact us to take advantage of the benefits of Conversion of PVT LTD Company to Public Limited Company.
Timely filing of income tax returns
All creditors must agree to the proposed conversion
At least 7 shareholders required after conversion
At least 3 directors required with valid DIN
The proposed agenda shall be: (a) For approval of Conversion of Pvt Ltd Company to Public Limited Company subject from shareholder; (b) For the shareholder's consent to adopt a new set of MOA and AOA.
A general meeting may be convened by not fewer than 95% of the members eligible to vote at such a meeting. Agenda: (a) Approving a special resolution converting Pvt. Ltd. to a public limited company; (b) For the adoption of the revised MOA and AOA.
Filing form MGT-14 must be done within 30 days of passing the special resolution with appropriate documentation. Within 15 days of the special resolution's passage, form INC-27 must be filed with the necessary supporting documentation.
If the ROC is satisfied that the Private Corporation complied with the required conversion conditions, the forms must be approved by the ROC.
Once the forms MGT-14 and INC-27 have been accepted by ROC, a new certificate of incorporation will be issued, and the company's previous registration will be cancelled.
According to the Indian Contract Act of 1872, shares are legal instruments that can be freely transferred with the bare minimum of formalities.
Banks and other financial institutions respect public companies when they borrow money from them, which increases the company's visibility.
The directors and shareholders of a public limited business benefit from the separate legal entity idea — liability is strictly capped at a certain sum.
Shares of a Public Company can be listed on a stock exchange. The public company must adhere to compliance when listing its shares.
In accordance with Section 76 of the Companies Act of 2013, Public Companies are permitted to accept deposits from the general public.
You can raise money from the general public via shares. Debentures, fixed deposits, and convertible debentures can all be issued.
Public companies must convene AGMs, disclose audited financial statements, and inform regulatory agencies of structural changes — building credibility.
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