Convert

Public Limited Company to Private Limited Company

Convert your Public Limited Company to Private Limited Company. Simplest and a very popular form of Business Registration in India is Private Limited Company with Ebizfiling.com. Prices Starting from INR 29999/- only.

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All about Conversion of Public Limited Company to Private Limited Company

All you need to know

Public Limited Company:

Public Limited Companies are companies whose shares are traded in stock market or issues fixed deposits. The Public limited company in India is a voluntary association of members which has a separate legal existence and the liability of whose members is limited. A Public Limited Company can either be an unlisted Company or listed Company on the Stock Exchange. Public Limited company also enjoys wide options to raise funds through bank loans, the general public, and Institutional investors.

Private Limited Company:

A Private Limited Company is that type of company that offers Limited Liability or legal Protection to its shareholders. Private Limited Company in India lies somewhere in between a partnership firm and a widely owned public company. It can be registered with minimum two people. A person can be both a director and shareholder in a Private Limited Company.

Prerequisites of Conversion of Public Limited Company to Private Limited Company:

  • No. of Shareholders – 2 (Individuals / Companies / LLP’s)
  • No. of Directors – 2 (Only Individuals)
  • Authorised Capital – No Minimum Requirements
  • Paid Up Capital – No Minimum Requirements

Why Ebizfiling as your service provider for Conversion of Public Limited Company to Private Limited Company?

EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory and management consultancy services to clients in India and abroad. Incorporating a Private Limited Company is easy, seamless, cheapest and quickest with EbizFiling.com! Apart from a Private Limited Company, EbizFiling.com also helps entrepreneurs with Public Limited Company Registration, Partnership Registration, HUF, LLP Incorporation and One Person Company registration easily. You may get in touch with us for free advisory on all the services.

Simple Prices No Surprises

Best alternatives you get

ESSENTIAL

29999/-

(All Inclusive)

  • 2 DIN
  • 1 Name Approval Application under RUN
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe
  • MOA & AOA
  • PAN
  • TAN

ULTIMATE

26499/-

(All Inclusive)

  • 2 DSC
  • 2 DIN
  • 1 Name Approval Application under RUN
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe
  • MOA & AOA
  • PAN
  • TAN
  • SSI/MSME Registration
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)
  • 1st Income Tax filing upto turnover of Rs. 50 Lakhs
  • 1 Year TDS Filing upto 500 entries
  • 1st Annual Filing upto turnover of Rs. 50 Lakhs
  • 25 Copies of MOA
  • 25 Copies Of AOA
  • 10 Copies of Share Certificate
  • Company Seal

Reasons to Convert a Public Limited Company to Private Limited Company

Points to make your decision easy

No Minimum Capital

No minimum capital is required to form a Private Limited Company. A Private Limited Company can be registered with a mere sum of Rs. 10,000 as total Authorized Share capital.

Separate Legal Entity

Private Limited enjoys the benefit of Separate Legal Identity in the eyes of law which clearly states that assets and liabilities of the business are not the assets and liabilities of the Directors.

Limited Liability

It means that if the company go though some financial distress because of business activity, the personal assets of members will not be used to pay the debts of the Company.

Fund Raising Capacity

A Private Limited Company in India is the only form of business except Public Limited Companies that can raise funds from the Venture Capitalists or Angel investors.

FDI Allowed

In private Limited Company, 100% Foreign Direct Investment is allowed that means any foreign entity or foreign person can directly invest in a Private Limited Company.

Builds Credibility

The particulars of the company are available on a public database. Which improves the credibility of the company as it makes it easy to authenticate the details

Documents Required for Public Limited to Private Limited Company

Quick Checklist

  • Photograph of all the Directors
  • PAN Card of all the Directors
  • ID Proof of all the Directors (Driving License/Passport/Voter ID)
  • Electricity Bill or any other utility bill for the address proof of the Registered Office
  • Altered Memorandum of Association.
  • Altered Articles of Association.
  • Certified True copy of Board Resolution may be attached as an optional attachment.
  • Certified True copy of Special Resolution.
  • Notice of EGM along with copy of explanatory statement.
  • Consent letter of shareholders, if any.
  • Certified true Copy (CTC) of Special Resolution passed in General Meeting
  • List of Creditors and debenture holders

How to Convert Public Limited Company to Private Limited Company

 

5 Easy Steps

1

Fill in a Simple checklist

2

Alteration in MOA & AOA

3

Submission of E-form MGT 14

4

E form RD- 1

5

Advertisement in Form INC 25A

Fill a Simple Checklist

A compliance manager will get in touch with you to collect your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for verification. The experts will verify the documents and take the procedure further. The compliance manager dedicated to you will keep you updated on the progress of conversion.

Filing of Form MGT 14

Once your documents along with Checklist are submitted, we shall proceed with the submission of E-form MGT 14 with necessary documents such as altered MOA and AOA, Board resolution and List of creditors and debentures etc. Once we have filed the form MGT 14, we will move ahead with the process of conversion of Public Limited Company to Private Limited Company.

Company Registration

Finally we will prepare the application for conversion of Public Limited Company to Private Limited company in the form RD 1 and file the same to the concerned ROC If the Registrar is satisfied with the the documents and application, he may approve the conversion. Meanwhile we will also publish the advertisement in vernacular and English languages in form INC 25 about the conversion.

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FAQs On Conversion from Public Limited to Private Limited Company

Get answers to all your queries

  • How many directors are required in a private limited company?

    A private limited company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate One Person Company also.

  • How long will it take to incorporate a Company in India?

    It generally takes 8-10 working days to register Private Limited Company in India. The time taken for registration totally depends on submission of relevant documents by the client and speed of Government Approvals. To ensure quick and speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.

  • What do you mean by Digital Signature Certificate (DSC)?

    The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Company. Digital Signature application is to be filed to obtain DSC.

  • Can a Foreign National or an NRI be a Director in a Private Limited Company?

    Yes, a Foreign National or an NRI can become a Director in a Private Limited Company in India after obtaining Director Identification Number (DIN). However it may be noted that at least one Director on the Board of Directors must be a Resident India.

  • Can a Foreign Parent Company incorporate a Subsidiary in India?

    Yes, Foreign or holding Companies can incorporate a wholly owned subsidiary in India, as a 100% owned Private Limited Company subject to Foreign Direct Investment (FDI) Guidelines.

  • In Which Cities do you provide your services?

    Ebizfiling.com provides Private Limited Company Registration all across India. You can obtain Private Limited Company registration in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur or any other cities easily with us.

  • Still have confusion?

    Don’t worry!! Our expert will help you to choose best suitable plan for you. Get in touch with our team to get all your queries resolved. Write us on info@ebizfiling.com or call us @+91 9643 203 209.

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