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Convert Private Limited Company to Public Limited Company

A private limited company or famously known as LTD is a privately held company. This implies that the business limits owner liability to its shares and limits number of shareholders to 50. It also restricts shareholders from trading shares publicly.

Public Limited Company, legally known as PLC, is a publicly held company. It is a limited company whose shares can be traded with the public. PLC can be listed or not listed in the stock exchanges. PLC requires a minimum of 3 Directors as a prerequisite.

Advantages of Public Limited Company (Heading)

  • There is no restriction in the transferability of shares as it is open to public.
  • The scope for a PLC is vast in comparison to limited number of people for a Private Limited Company.
  • Capital for PLC can be raised from the general public, giving it more opportunity for growth and success.
  • Systemized functioning will help in building the business and good team work

Documents required to convert Private Limited to Public Limited (Heading)

  • E-form MGT 14 – Special resolution for conversion of the company into a public company is to be filed with the following attachments:
  • Certified true copy of special resolution
  • Altered memorandum and articles of association (MOA/AOA)
  • Certified true copy of board resolution is optional
  • Notice of Extra Ordinary General Meeting (EGM) that is held to pass the board resolution which is the approval of Directors for conversion of a Private Limited Company to Public Limited Company
  • E-from INC 27 – Application for the conversion of Private Limited to Public Limited
  • Minutes of the Meeting where approval was given for conversion and altered Articles of Association
  • Altered Articles of Association
  • True copy of Board resolution is optional

FAQs

A Private Limited Company cannot convert itself into a One Person Company until the capital is more than Rs.50 lakhs or annual turnover is more than Rs.2 crores in the relevant amount of time.

One Person Company cannot be converted to into any other kind of Company until after two years from the date of incorporation of the OPC. However, in case the capital increases beyond Rs.50 lakhs or the annual average turnover exceeds Rs.2 crores. The OPC will cease to exist and then it must be converted to Private Limited Company within a period of six months.

The following steps must be taken care of after the conversion:

  • Arrange a new PAN card for the company
  • Update Company account details
  • Make the necessary changes in Altered Memorandum and Articles of Association

OUR SERVICES

Private Limited Company

INR 7,999/-

One Person Company

INR 6,999/-

FSSAI Registration

INR 4,999/-

Section 8 Company

INR 29,999/-

Trademark Registration

INR 6,499/-

Trademark Objection

INR 2,999/-

Trademark Renewal

INR 1,999/-

Trademark Restoration

INR 2,000/-

Annual Compliances for Private Limited Company

INR 19,999/-

LLP Annual Compliance

INR 9,999/-

ROC Annual Filing

INR 19,999/-

Change in Name of the Entity

INR 4,999/-

Change of Place of the Company

INR 2,499/-

Increase in Authorized Capital of Company

INR 4,999/-

Change of Director or Partner

INR4,000/-

ISO Registration

INR 19,999/-

Import Export Code Registration

INR 3,999/-

Import Export Code Registration

INR 3,999/-

DOT OSP Registration

INR 29,999/-

OUR MEDIA

Find a plan that’s right for you

Whether you’re looking to create just one project, or multiple project, we have a plan that will best match your needs.

ONE PERSON COMPANY
INR 6,999/-
Sole Promoters

1 Director & 1 Nominee

Not Required

Few Tax Advantages

Moderate Compliances

7-8 Days

PRIVATE LIMITED COMPANY
INR 7,999/-
Startups and Small Companies

2 Shareholders/Directors.

Not Required

Few Tax Advantages

Stringent Compliances

7-8 Days

LIMITED LIABILITY PARTNERSHIP
INR 7,499/-
Professionals

2 Partners

Not Required

Few Tax Advantages

Less Compliances

15-25 Days
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