Private Ltd-to-Public Ltd Conversion

A Public Company has seven or more members and can invite public to subscribe to its shares. A subsidiary company of a Public company is deemed to be a Public company.

A Private company is an organization which limits its number of members to 200 and cannot invite public to subscribe to its shares. The Companies Act-2013 provides for converting a Public Company to a Private Company by altering the MOA and AOA of the company.

AVALON has a great Package offer for the conversion of the existing Private Limited company into a Public Limited company.

Package offer: Rs 50,000/-.

This will include the following services:  

  1. Name search & Approval.
  2. Modified MOA & AOA.
  3. Company Pan Card.

PROCEDURE FOR CONVERSION INTO A PUBLIC LIMITED COMPANY;

  1. Conversion of our Application & organize the Support Documents.
  2. Verification / Name Approval of the Application…..2 x Days.
  3. Draft/Amend the old MOA & AOA…..12 x days.
  4. Completion of the final form & filing with ROC….25 x days.
  5. Release & dispatch of the Certificate to the Private Ltd co….

Total Timeframes for conversion into a Public ltd Co : 40 x days( working ).

THE MAIN ADVANTAGES OF – PUBLIC LIMITED COMPANY.

  1. The main advantage of Public Company is that it can raise reserves at a large scale without approaching banking system and reducing its Debt.

The Private Companies on the other hand are privately owned & all the Reserves are raised by existing members, shareholders and promoters.

  • If a Private company goes public then the risk is also shared among the shareholders. Public companies once recorded, get indirect promotions and support through stock exchange websites where their stocks are recorded by RBI/SEBI.

DOCUMENTS REQUIRED FOR CONVERSION INT:

  1. The main advantage of Public Company is that it can raise reserves at a large scale without approaching banking system and reducing debt.
  2. Whereas as all x Private Companies which are privately owned, the reserves are raised by existing members, shareholders and promoters alike.
  3. If a Private company goes public then the risk is also shared among the shareholders. Public companies once listed, get indirect promotions and support through Stock exchange websites where their stocks have been listed.
  4. The main advantage of Public Company is that it can raise reserves at a large scale without approaching banking system and reducing debt whereas Private Companies which are privately owned, all the reserves are raised by existing members, shareholders and promoters. If a Private company goes public then the risk is also shared among the shareholders. Public companies once recorded, get indirect promotions and support through stock exchange websites where their stocks are recorded

DOCUMENTS REQUIRED FOR THE PUBLIC COMPANY

  1. Copy of the PAN card of the sitting Directors.
  2. Passport size photographs of the sitting Directors.
  3. Copy of their Aadhar card/ Voter card.
  4. Copy of the Rental Agreement ( if the premises are on a Lease ).
  5. Electricity / Water bill.
  6. Copy of Property papers ( if owned ).
  7. NOC from landlord.

MINIMUM REQTS FOR CONVERSION.

  1. DSC for  1 x Director.
  2. Minimum 7 x Shareholders.
  3. DIN for all the Directors.
  4. Minimum Authorized Share capital of Rs 5.0 lacs.
  5. Minimum Paid-Up capital of Rs 5.0 lacs.
  6. Director & the Shareholder can be the same person.
  7. Minimum 3 x Directors.