Ask 4 Compliance | Conversion of Private Limited Company to Public Limited Company
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CONVERSION OF PRIVATE LIMITED COMPANY TO PUBLIC LIMITED COMPANY

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CONVERSION OF PRIVATE LIMITED COMPANY TO PUBLIC LIMITED COMPANY

A private company can convert itself Public Limited Company by altering its Memorandum and Article of association by obtaining shareholders’ approval by way of passing of special resolution in general meeting.

MINIMUM REQUIREMENTS FOR CONVERSION

  • DSC for all the Directors
  • Minimum 7 Shareholders
  • DIN for all the Directors
  • Minimum 3 Directors

Our team of highly qualified professionals at Ask4compliance.com can help you in Conversion of Private Limited Company to Public Limited Company by completing the necessary procedures as per Companies Act, 2013.

Process & Timeline

4-6 Months

Professional Fees

Rs. 49500

(GST, Government Fees and other Out of Pocket Expenses Extra)

Pay Now!

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ADVANTAGES OF PUBLIC LIMITED COMPANY

  • Limited Liability Protection: The liability of members extends only to the contribution of the nominal value of the shares held and not paid by them. It has the words ‘Limited’ as part of its name.
  • Never ending characteristic: A company incorporated under Companies act never dies. A company can, only be closed with the consent of shareholders or by the process given in Law.
  • No Criteria of minimum paid up capital: Requirement of minimum capital to start a public limited company has been dispensed with by the Ministry of corporate affairs.
  • Separate Entity: A Public limited company hold the privilege of being separate from its directors and shareholders. Member and directors cannot claim the property vested in company’s name.
  • Name of the Company is protected: Identical, similar or nearly resembles are not allowed by registrar of companies while applying for reservation of name. Once your company is registered, any other person cannot register another company, with the similar or resembling name.
  • Can access money from public: A public limited company can accept deposit from public by issuing Shares/debentures to the public.
  • Shares can be listed on Stock Exchange: Shares of public limited company can be listed on stock exchange and such shares can be traded by public at large

DOCUMENTS REQUIRED FOR CONVERSION OF PRIVATE COMPANY TO PUBLIC COMPANY

  • Copy of PAN Card of Directors
  • Passport size photograph of Directors
  • Copy of Aadhaar Card/ Voter identity card
  • Copy of Rent agreement(If rented property)
  • Electricity/ Water bill (Business Place)
  • Copy of Property papers (If owned property)
  • Landlord NOC (Format will be provided)

Free Consultation

Got questions? Request a call from an Ask 4 Compliance Business Advisor.