Conversion of private company into public company

    - Get your Conversion of private company into public company @ just 12,999/-
    - Suitable for Medium and large Scale Business
    - Hassle free, conversion process provided by professionals
    - Get the work done in 1-2 months.

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Conversion of private company into public company

Conversion of private company into public company is a very cumbersome process as it not only involves alterations in MOA and AOA and dealing with all creditors of the company but also liasoning with various government authorities. If the existing private company is having less number of member and directors as required in public company, then it has to be taken care of before filing the conversion application. The authority will grant the approval of conversion after satisfying itself that the Company has complied with the requisite provisions for registration of company. If so satisfied, ROC shall cancel the former registration of company and issue fresh certificate of incorporation. The primary reason for going with such conversion is expansion and diversification of existing company’s business or the company craves for seed funding and want to bring a Initial Public Offer (IPO) after getting itself listed in the stock exchange. Conversion of private to public company takes place with the prior approval of Registrar of Companies (ROC) of the state in which the company registered office is situated. At Unilex Consultants we provide you a hassle free Conversion of private company into public company which would be dealt by our experienced advocates within a time frame. Our team takes care of the documentation and steps for conversion of private company into public company.

Advantages of Conversion of private company into public company

1

Public Companies can only get listed in stock exchange

2

Better way for expansion and diversification of business

3

Have better credibility in the market

4

Can raise funding from the market through IPO

Documentation for Conversion of private company into public company

Latest financial statements

MOA and AOA

List and affidavit from creditors

Affidavits from Directors

Various signed resolutions

Minutes of the meetings held.

Process involved in registering a Conversion of private company into public company

1

Preparing Board meeting and EGM documents.

2

Alteration of MOA & AOA.

3

Minutes preparation.

4

Filing MGT-14 form to ROC.

5

Preparing attachments of INC 27.

6

Filing form INC 27 for approval with ROC.

Requirements for Conversion of private company into public company

    - Special resolution shall be passed by the members for approval of the conversion.
    - Members to be increased upto minimum 7
    - Directors to be increased upto minimum 3.
    - All the four restrictions of private company to be removed from AOA.
    - Annual filings of the company needs to completed before conversion.
    - Company has not defaulted in repayment of debenture/deposits/interest.

FAQs About Conversion of private company into public company

How much time conversion of private company to public company takes?
As it is a very cumbersome process, it usually takes approx. 1-2 months to get the approval from the authority.
Whether process of conversion of private company to public company is online?
Yes it is a completely online process, and no physical presence is required.
Minimal Capital involved in registering as a public limited company ?
There is no Set capital required as mentioned by 2013 governmental laws, if there is a additional capital involved we can sort it out via additional stamp duty.
Can ROC disallow the private company to public company conversion?
Yes, it is the discretion of the authority whether to allow or disallow the conversion. All the prior abovementioned conditions needed to be fulfilled before conversion.

Why choose Unilex?

Well with highly qualified professionals in our team along with the technology gives edge over others, as a result highly rated professional services with full customer satisfaction is assured. We help to grow and manage your business letting you to concentrate on your business.

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