How to Conversion from a Private Limited Company to a Public Limited Company


Call our experts at +91 72999 72500 or visit https://filingpoint.com

Introduction:

Converting a Private Limited Company (Pvt Ltd) to a Public Limited Company (PLC) involves several regulatory steps. FilingPoint offers comprehensive services to facilitate this transition, ensuring compliance and efficiency.

Here’s a guide to the conversion process with FilingPoint.

 

1. Board Approval:

  • The conversion process begins with a board meeting. Directors must pass a resolution to amend the company's Articles of Association (AOA) and Memorandum of Association (MOA) to reflect the change in company status. FilingPoint assists in drafting and preparing the necessary resolutions.

2. Shareholder Consent:

  • After board approval, a general meeting of shareholders is convened. A special resolution must be passed with at least 75% majority to approve the conversion and amend the AOA and MOA. FilingPoint coordinates the meeting, ensures proper notice, and handles the documentation.

3. Compliance with Companies Act:

  • Ensure compliance with Section 18 of the Companies Act, 2013. The company must meet the minimum paid-up capital requirement for a PLC, currently Rs. 5 lakhs. FilingPoint verifies all compliance aspects and prepares the necessary documentation.

4. Filing Application with ROC:

  • An application for conversion, including the special resolution, altered AOA and MOA, and list of proposed directors, is filed with the Registrar of Companies (ROC). FilingPoint manages the entire filing process, using forms for the special resolution and INC-27 for the conversion application.

5. Issuance of Certificate:

  • Upon verification, the ROC issues a fresh certificate of incorporation, confirming the company's status as a Public Limited Company. FilingPoint follows up with the ROC to ensure timely issuance of the certificate.

6. Post-Conversion Compliance:

  • Post conversion, the company must comply with additional regulatory requirements such as holding statutory meetings, increasing transparency in financial disclosures, and adhering to SEBI guidelines if planning to list on the stock exchange. FilingPoint provides ongoing compliance support to help you navigate these new obligations.

 

FilingPoint’s structured approach ensures a smooth and compliant transition from a PrivateLimited Company to a Public Limited Company, unlocking new growth opportunities and enhancing market presence.

For more information on Private Limited Company Registration service, visit https://filingpoint.com or Call us at +91 72999 72500

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