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Businesses when they want to increase the fund or want to increase their scale of businesses, they convert their private limited company into a public limited company opening the new opportunities for them to grow. Mostly preferred by the medium and large-scale businesses this conversion need the approval from government and need alteration in moa and AOA of the company. It should fulfill the requirement of public limited company.
If quality service is your need then rest assured you are at the right place. You just have to click to reach us. We, Law Samadhan, will take care of all the formalities that are to be done for Conversion.
The most advantageous factor of the conversion to public limited is the raising fund as if it get listed in stock market it attracts investors so the raised amount is much larger.
When company is converted in public limited it get listed in stock market so more and more people recognize the company which help in expansion of business
Even after the conversion the characteristic remains intact which means the assets of shareholder, member or individual is not at risk
Transfer of share is easy. The shareholder can easily sell their share as they are not bound to be the shareholder in that company forever and they can get benefit from the liquidity of share.
PAN CARD of Directors and Members
Passport If NRI or Foreign National
Aadhar/Driving License/Voter Id of Directors and Members (As identity Proof)
Bank Statement/Electricity or Gas Bill/Telephone or Mobile Bill (As Address Proof)
Passport Size Photograph of Directors and Members
PAN and TAN and MOA and AOA
Incorporation Certificate
Business Address Proof:
Latest Electricity Bill/Water Bill/Telephone or Mobile Bill
If Rented: Rent Agreement and NOC from the Property owner
If Owned: Copy of Property Papers
Note : *In case of NRI or Foreign National the documents of Directors and Shareholders must be Notarized or Apostilled.
After conversion, the management structure changes from a board of directors elected by shareholders to a board of directors elected by shareholders and public shareholders.
The requirements and regulations to be followed for converting a private limited company to a public limited company include obtaining approval from the Registrar of Companies, a minimum paid-up capital, and compliance with the Securities and Exchange Board of India (SEBI) regulations.
After conversion, the shareholding structure changes from a closed group of shareholders to a wider group of public shareholders.
After conversion, the liquidity of shares increases as shares can be bought and sold in the open market.
Conversion from Private to Public Limited company usually does not affect the employees, as they continue to work for the company under the same terms and conditions of employment.
Conversion from Private to Public Limited company can have a significant impact on the company's financials as the company will be subject to increased regulatory and compliance requirements.
Converting back from a Public Limited company to a Private Limited company is possible, but it is subject to certain conditions and the approval of the Registrar of Companies and the Securities and Exchange Board of India (SEBI).