Private Limited Company to Public Limited Company

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Why to Convert from Private Limited Company to Public Limited Company?

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:

  •  The requirement for minimum no. of directors will be raised to 3
  •  The requirement for minimum no. of shareholders will be raised to 7
  •  The suffix "Pvt Ltd" in the name of the Company will change to “Ltd”
  •  The MOA and AOA of the company will be altered with the approval of the Government for removing the restriction on transferability of shares and maximum limit of shareholder
  •  Minimum authorized share capital requirement will be raised to Rs. 5,00,000/- from Rs. 1,00,000/-

Table Of Contents

Benefits of Conversion into a Public Limited Company from Private Limited Company

Documents Requirement for Conversion

For every Director and Shareholder:
For Registered office:
For Company:

How can we help you?

We have a team of experts to view your request and to carry out the procedure efficiently.

FAQs

a.Whether the Company is required to change the name after the conversion procedure?

No, The Company can continue the business in its existing name; however, only the suffix "Pvt Ltd" will be changed to Ltd".

b. Is it mandatory for a public company to get listed?

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.

c. Can Foreign national/NRIs be a Director in a Private Limited Company?

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.

d. Still have doubts?

Speak to our experts who shall solve all your doubts.
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