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Converting a Private Limited Company to a Public Limited Company uplifts the business. It widens the opportunity, especially by leading access to the market at a broader range and also at raising funds. In a public limited company, even a common man can become a member of the entity. Furthermore, the company can raise funds by making public issues of shares and can also accept deposits from the general public which private limited companies are prohibited as per Companies Act.
For conversion of Private Limited Company to Public Limited Company, the following significant changes will be required:
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No, The Company can continue the business in its existing name; however, only the suffix "Pvt Ltd" will be changed to Ltd".
A public company may not always be listed. A public company can be unlisted but can have an unlimited number of shareholders to raise capital for any commercial venture.
Yes, a foreign nationals or NRIs can be directors in a Limited Company after obtaining a Director Identification Number (DIN). However, the Company must at least have one Indian-Resident as a Director on the Board of Directors.
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