Pvt Ltd. Company to Public Ltd. Company
Convert into Public Limited Company at Just ₹ 15,999/- only
Get Started By paying Rs. 15,999/-
Introduction
In order to diversify the business on large scale it is better to convert private limited company to Public Limited Company. The main benefit of Public Company is that it is easy to raise funds on a large scale basis without approaching banking system and thereby reducing debts while in case of Private Limited Companies all the reserves are raised through the existing members or shareholders and promoters as it is managed privately. Though the chances of risk increase when a Private company goes public among its shareholders. If Public companies once raise funds through IPO, get an indirect promotion and the support through the stock exchange websites where their stocks are listed.
Sprinthub Solutions has a team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to Company formation and conversion process. You may get in touch with our team on 096436-69475 or email info@sprinthub.in for Conversation of Private Limited company to Public Limited Company.
Advantages of Conversion of Pvt Ltd. Company to Public Ltd. Company
Medium for preferred Investments
While investing, an investor prefers dealing widely in the market and hence it opens doors for the Public Limited Company to attract more funds from the market as their shares are freely transferable.
Listing on stock exchange
A Public Limited Company can get itself registered on stock exchange by complying with certain norms which increase the scope of diversification of business and widening the shareholder base and also increasing the risk.
Limited Liability
The liability of the Members is limited to the extent of Capital invested by them in the Company and therefore, they cannot be held personally liable for it also it is a legal entity which means it is different from its Members and Directors.
Easy to make acquisitions
Public Limited Companies are more approachable and also have many other advantages like liquidity which makes them attractive for the potential investors at the time of Merger and Acquisitions and it has a greater borrowing capacity.
Minimum Requirement
Minimum three persons as Director and maximum fifteen
Digital Signatures of any one Director
Minimum seven persons as Members
No Minimum Capital requirement
Minimum one Director shall be Indian resident
DIN for all the directors
Process of Conversion of Pvt Ltd. Company to Public Ltd. Company
Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.
Filing of Forms
After the conduct of the meetings, minutes of the meeting will be drafted and relevant forms MGT-14 and INC-27 will be filed with Ministry of Corporate Affairs.
Document Processing
At the second step we will be drafting the documents as required to conduct the Board Meetings and General Meetings in accordance with the questionnaire filled by you. The documents will be sent to you for signing.
Get Certificate of Incorporation
Once the Registrar approves the
conversion, it will issue a Fresh Certificate of Incorporation.
Key Insights on Conversion of Pvt Ltd. Company to Public Ltd. Company
- A public company can convert itself into a private company by altering the memorandum and articles of association and by passing special resolution by the company in the Extra Ordinary General Meeting.
- The name of the company shall be amended and the word “Private” shall be excluded.
- The company needs to maintain the minimum criteria of minimum 3 directors and 7 members.
- The company should not have defaulted in filing of Annual Returns and Financials Statements and not defaulted in repayment of debentures or matured deposits.
- After the process of conversion, the new name of the company shall be printed on all the stationaries, outside the office building, and inform all the authorities like Banks, Income Tax Departments, Utility Service Providers, and any other authorities.