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Converting a Private Company into a Public Company unlocks new opportunities, particularly in fundraising and market reach. The company can raise capital through public issues and accept deposits, making this structure suitable for medium to large-scale businesses. The conversion process requires government approval and amendments to the Memorandum and Articles of Association (MoA & AoA).
Additionally, a minimum of 7 members and 3 directors are mandatory for the conversion from Private to Public Company. The company’s rights, liabilities, powers, and obligations remain unchanged after conversion. Unlike a Private Company, restrictions on share transfers are lifted, allowing easier transfer of shares.
The key advantage of a public limited company is its ability to raise capital by issuing shares. When listed on a recognized stock exchange, it can attract investments from hedge funds, mutual funds, and other institutional investors. This enables the company to raise significantly more capital compared to a private limited company.
When a company goes public and gets listed on the stock exchange, it gains greater visibility. This increased brand recognition attracts more attention, which can lead to expanded business opportunities.
Each shareholder’s or member’s liability remains limited after the conversion, restricted to the extent of their shareholding. Their personal assets are protected and not at risk.
Shares in a public limited company are more easily transferable than those in a private limited company. Shareholders can sell their shares and enjoy greater liquidity, providing an incentive to invest without the obligation to stay with the company indefinitely.
PAN Card of shareholders and Directors.
Foreign nationals must provide a valid a passport.
Voter ID/ Passport/ Driving License of Shareholders and Directors
Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors
Latest Passport size photograph of Shareholders and Directors
Electricity Bill/ Telephone Bill of the registered office address
No Objection Certificate to be obtained from the owner(s) of registered office
Rent Agreement of the registered office should be provided, if any
In case of NRI or Foreign National, documents of director(s) must be notarized or apostilled
Certificate of Incorporation, MoA & AoA to be provided
Duly certified copy of latest audited Financial Statements
ITR filed for the previous financial year to be submitted
Call us at: 9414883452 or Email us : contact@submitreturn.com
To incorporate a public limited company, a minimum of 7 shareholders and 3 directors is required. Additionally, the minimum authorized capital must be ₹5 lakhs, compared to ₹1 lakh for a private company.
The suffix “Private Limited” will be changed to “Limited.” To make this change, the company must first obtain approval from the shareholders and then amend the MoA accordingly.
Call us at: 9414883452 or Email us : contact@submitreturn.com
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