Conversion of Private to Public Limited CompanyAn Ideal business structure for all “Small and Medium sized Enterprises” which are going for Partnership Private to Public Limited Company contact Us
Conversion of Private to Public Limited CompanyIn India, a Limited Company (Private to Public Limited Company) can be converted to a Private to Public Limited Company. There are several benefits of this conversion, including the following: 1. Easier access to bank loans and other financial aid 2. Improved credibility in the business world 3. The ability to offer shares on a public stock exchange 4. Greater number of shareholders able to buy and sell shares, as opposed to just one or two individuals The process of converting from Private Limited is fairly simple with the help of a few companies which specialize in this sort of thing (we provide one such service). There are a few steps to follow, listed below: a. Memorandum of Association (the company’s constitution) b. Annual Return Income Tax Return (ITR) and Balance Sheet Statement c. Return of Profit and Loss Statement (RP&L) and Balance Sheet Statement
What is Included In Our Package?
Name Search & approval
Company PAN Card
Procedure for Conversion of Private to Public Limited Company
Complete our Simple Form
You are required to fill the details in our simple questionnaire and submit documents.
Verification and Name Approval
For further procedures, details provided by you will be verified by our experts.
Drafting of MOA/AOA
After submitting your documents we will draft/modify MOA/AOA for your company .
We will create your documents and application and file them with ROC.
Your work is completed
Once your company is incorporation, we send you all the documents and DSCs..
Documents Required For Public Limited Registration
- 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)
Minimum Requirements for Conversion
- DSC for 1 Director
- Minimum 7 Shareholders
- DIN for all directors
- Minimum Authorized Share Capital of Rs 5lacs
- Minimum Paid up Share Capital of Rs.5lacs
- Director and shareholder can be the same person
- Minimum 3 Directors
Frequently Asked Questions
Is it necessary to have 3 directors for Public Limited Company?
Yes, you need a minimum of 3 Directors for a Public Limited Company. If you are sole owner, you can register as a One Person Company.
Who can be a member in Public Limited Company?
Any individual/organization can become the member of the Public Limited Company including foreigners/NRI.
Are there any other payments to be made for incorporation certificate in addition to fee paid at the time of conversion?
PThere is absolutely no other payment. We will send you an invoice that is all-inclusive, with no hidden charges.
Time taken by Leciel.Consulting in converting a Private Limited Company into Public Limited Company?
Leciel.Consulting can convert a Private Limited Company typically in 14-20 days. The time taken also depends on relevant documents provided by the applicant and speed of approvals from government. To ensure speedy registration into Public Limited Company, please pick a unique name for the proposed Company.