Conversion of Private to Public Company

998399

*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.

Price Contact for price
Services covered :
  • Name Reservation
  • Drafting MOA and AOA
  • Company Incorporation
  • DIN Application if required
  • PAN and TAN Application
  • GST Registration
Documents Required :
  • PAN Card details of the Shareholders and Directors;
  • A copy of Passport of the Foreign Nationals;
  • A copy of Voter ID/ Driving License/ Passport of Shareholders and Directors;
  • Address Proof in the form of Telephone Bill/ Electricity Bill of Shareholders and Directors;
  • Latest Passport-sized photograph of Shareholders and Directors;
  • Utility Bill in the form of Electricity Bill/ Telephone Bill/ Water Bill of the registered office;
  • No-Objection Certificate from the owner of the premise used as Registered office;
  • Rent Agreement or Lease Deed of the registered office;
  • In the case of Foreign National, all the documents of the director(s) must be duly notarised;
  • A copy of the Company’s Incorporation Certificate;
  • A copy of the company’s MOA (Memorandum of Association) and AOA (Articles of Association);
  • Copies of the latest audited Financial Statements;
  • A copy of the ITR (Income Tax Return) filed by the company.

FAQ ()

Question : Is it compulsory to alter the Name of the company during Conversion?
Answer : Yes, it is compulsory to change the suffix from “Private Limited” to “Limited”.
Question : Is there any restriction imposed on the Managerial Remuneration in a Public Limited Company?
Answer : No, unlike a Private Limited Company, there is no restriction imposed on the Managerial Remuneration in a Public Limited Company.
Question : Is it necessary to have 3 Directors for a Public Limited Company?
Answer : Yes, it is mandatory to have at least 3 directors for a Public Limited Company.
Question : What are the minimum requirements for the process of conversion?
Answer : The key requirements are DSC for at least one director, minimum 7 shareholders, DIN for all directors, minimum 3 directors, and both Director and Shareholder can be the same person.
Question : Who is eligible to become a Member of Public Company?
Answer : Any individual or organization, including foreigners and NRI, is eligible to become a member of a public company.
Question : What are the Benefits of converting a Private Limited Company to Public Limited Company?
Answer : The benefits of the process of conversion are that the company can issue shares to the public to raise investments, can list its shares on a recognised stock exchange, can transfer shares, and can accept deposits from the public under section 76 of the Companies Act 2013.
Question : Is it mandatory to apply for a new GST Registration for the Public Company?
Answer : No, there is no need to obtain a new GST Registration. However, changes and modifications can be made in the existing records.
Question : Which law governs the process of Conversion of a Private Limited Company to Public Limited Company?
Answer : The legal provisions involved in the process are Section 2(68) and 2(71) of the Companies Act 2013, Section 3 of the Companies Act 2013, Section 149 of the Companies Act 2013, Section 13 held with Rule 29 of the Companies (Incorporation) Amendment Rules 2020, and Section 14 read with Rule 33 of the Companies (Incorporation) Amendment Rules 2020.
Question : How long does it take to convert a private company to a public company?
Answer : A minimum of 20 to 25 business days are needed for the conversion of a private company to a public company.
Question : What are the steps involved in the process of conversion?
Answer : The steps involved in the process are Issue Notice for Holding Board Meeting, Send Notice for Holding EGM, Convene EGM, File MGT-14, File INC- 27, Approval of MGT- 14 and INC- 27, and Certificate of Incorporation.
Question : When can a company start running its business affairs?
Answer : A Public Company can start running its business affairs after receiving COI (Certification of Incorporation) from the Registrar of Companies (ROC).
Question : Who controls a Public Limited Company?
Answer : Shareholders are the owners of a public company. However, they appoint directors to run the business operations of the company.
Question : Which are the Forms required for the process of Conversion?
Answer : The forms required for the process of conversion are Form MGT 14 and Form INC 27.
Question : What are the Post Conversion Requirements for a Public Company?
Answer : The post conversion requirements for a Public Company are Apply for a fresh PAN, Update all the stationery and business letterheads, Inform all the Authorities, Increase the number of Directors, and Print the copies of new MOA and AOA.
Question : Are there any other payments to be made for COI (Certificate of Incorporation) in addition to the fees paid at the time of Conversion?
Answer :

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