Conversion of private limited company into public company

Private company to public company conversion

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.

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

Preparing Board meeting and EGM documents.

Alteration of MOA & AOA.

Minutes preparation.

Filing MGT-14 form to ROC.

Preparing attachments of INC 27.

Filing form INC 27 for approval with ROC.

Requirements for Private company to public company conversion

- 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 private company to 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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