-
July 1, 2019
A Private Limited Company can convert to a Public Limited Company by altering its Articles in a way that it does not include the restrictions and limitations that are applicable to the articles of a private limited Company, i.e., number of members and directors, restriction on transfer of shares, acceptance of public deposits etc.
Firstly, the private limited Company (PLC) needs to conduct a Board Meeting and pass a board resolution to get the in-principal approval of Directors for the conversion of a private company into a public company by altering the AOA under section 14. In the meeting, the Board should also fix a date, time and place for holding an extra-ordinary General Meeting (EGM) to get an approval of the shareholders, by a sspecial resolution, for the conversion of a private company into a public company.
File an e-form MGT-14 for filing a special resolution with an ROC passed for conversion of Private Company into a Public Company and thereafter file an application for conversion of a Private Company into a Public Company viaForm INC-27.
Post conversion, intimate all the concerned authorities regarding the change in the status of Company and make necessary internal changes in letterheads and further official communications etc.
About EbizFiling.com :
EbizFiling.com is a motivated and progressive concept conceived by like-minded people, which helps small, medium and large businesses to fulfill all compliance requirements of Indian Laws.
Get in touch for a free consultation on info@ebizfiling.com or call 9643203209.
About Ebizfiling -
Follow Author
2 thoughts on “How Can a Private Limited Company be Converted to a Public Limited Company?”
Leave a Reply
-
-
July 26, 2024 By Komal S
How to renew a franchise agreement?Franchise Agreement Renewals: What You Need to Know Introduction Franchise agreements serve as the backbone of successful business ventures, providing a legal framework for both franchisors and franchisees. In India, the franchising industry has witnessed remarkable growth in recent years, […]
-
-
-
July 5, 2024 By Team Ebizfiling
Partnership Agreement on Bookkeeping and AccountingHow Partnership Agreements Impact Bookkeeping and Accounting? Introduction Partnerships are a popular form of business arrangement where two or more individuals come together to establish and operate a business. In such cases, bookkeeping and accounting along with accounting procedures […]
-
-
-
June 5, 2024 By Team Ebizfiling
OPC registration for service providersOPC Registration for Service Providers: A Step-by-Step Guide Introduction In India, One-Person Company (OPC) registration has become a popular choice for service providers looking to establish their businesses. This business structure offers the advantages of limited liability and separate […]
-
Hi there,
I am an Australian citizen with Indian origin my parents are Indian citizen residing in Mumbai,
I want to open a public limited company , if you can help me with more information and the requirement , procedure , time frame, required fees plus ongoing fees to be paid anually
company i am looking for is agro business in Bamboo plantation and processing of bamboo .
Thanks & Regards
Hi mushtaq shaikh,
Thank you for your inquiry!
The team will get in touch with you soon. Meanwhile, you can get in touch with Ebizfiling on +919643203209 / info@ebizfiling.com