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Convert Private Limited Company to Public Limited Company

Convert Private Company into Public Company

Convert Private Limited to Public Limited Company

INR 34,999 /-

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Convert Private Limited Company to Public Limited Company

A private limited company or famously known as LTD is a privately held company. This implies that the business limits owner liability to its shares and limits number of shareholders to 50. It also restricts shareholders from trading shares publicly.

Public Limited Company, legally known as PLC, is a publicly held company. It is a limited company whose shares can be traded with the public. PLC can be listed or not listed in the stock exchanges. PLC requires a minimum of 3 Directors as a prerequisite.

Advantages of Public Limited Company (Heading)

  • There is no restriction in the transferability of shares as it is open to public.
  • The scope for a PLC is vast in comparison to limited number of people for a Private Limited Company.
  • Capital for PLC can be raised from the general public, giving it more opportunity for growth and success.
  • Systemized functioning will help in building the business and good team work

Documents required to convert Private Limited to Public Limited (Heading)

  • E-form MGT 14 – Special resolution for conversion of the company into a public company is to be filed with the following attachments:
  • Certified true copy of special resolution
  • Altered memorandum and articles of association (MOA/AOA)
  • Certified true copy of board resolution is optional
  • Notice of Extra Ordinary General Meeting (EGM) that is held to pass the board resolution which is the approval of Directors for conversion of a Private Limited Company to Public Limited Company
  • E-from INC 27 – Application for the conversion of Private Limited to Public Limited
  • Minutes of the Meeting where approval was given for conversion and altered Articles of Association
  • Altered Articles of Association
  • True copy of Board resolution is optional

 

FAQs

A Private Limited Company cannot convert itself into a One Person Company until the capital is more than Rs.50 lakhs or annual turnover is more than Rs.2 crores in the relevant amount of time.

One Person Company cannot be converted to into any other kind of Company until after two years from the date of incorporation of the OPC. However, in case the capital increases beyond Rs.50 lakhs or the annual average turnover exceeds Rs.2 crores. The OPC will cease to exist and then it must be converted to Private Limited Company within a period of six months.

The following steps must be taken care of after the conversion:

  • Arrange a new PAN card for the company
  • Update Company account details
  • Make the necessary changes in Altered Memorandum and Articles of Association

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Step into the World of Business with us

  • Ideal For
  • Requirements
  • Initial Investment
  • Tax Advantages
  • Compliances
  • Time Taken in Incorporation

ONE PERSON COMPANY INR 9,499/-

  • Sole Promoters
  • 1 Director & 1 Nominee
  • Not Required
  • Few Tax Advantages
  • Moderate Compliances
  • 7-8 Days

LIMITED LIABILITY PARTNERSHIP INR 7,999/-

  • Professionals
  • 2 Partners
  • Not Required
  • Few Tax Advantages
  • Less Compliances
  • 15-25 Days

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