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Convertion of Pvt. Ltd. Co. to Public Ltd. Co.

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Convertion of Pvt. Ltd. Co. to Public Ltd. Co.

  • SureTax Fincare simplifies the process of Registration, Compliance & Management of your business, by making it more convenient than ever.
  • Completely online, Quick & Hassle free process – Our Services can be availed from any Location in India or Abroad.
  • Our team of CA-accredited professionals provide expert guidance throughout every stage of the process

Talk to an expert for Free: 70661 55000

Overview

Converting a private limited company to a public limited company is a legal process, the main purpose of the which, is to allow the company to raise capital from the public and have a larger shareholder base.

Process

Obtain shareholder and board approval

Amendment of Memorandum of Association (MOA) and Articles of Association (AOA)

File the necessary forms with Registrar of Companies (RoC)

Meet other regulatory requirements

Issue a prospectus

Eligibility

  • Minimum paid-up capital:

    The company must have a minimum paid-up capital of Rs. 5 lakhs.

  • Minimum number of shareholders:

    The company must have a minimum of seven shareholders.

  • Minimum public shareholding:

    At least 25% of the company's capital must be held by the public.

  • Profitability:

    The company must have been profitable for at least three years prior to the conversion.

  • No default in filings and filings returns:

    The company must not have defaulted in filing its financial statements and annual returns.

Certificate of Registration

The certificate of registration is a document issued by the Registrar of Companies (RoC) that confirms the successful conversion of a private limited company to a public limited company.
It serves as proof of the company’s legal status and allows it to transact business and raise capital from the public.
The certificate of registration is obtained after the company has filed all necessary forms and met regulatory requirements, including the amendment of its MOA and AOA and the issuance of a prospectus.
Convertion of Pvt. Ltd. Co. to Public Ltd. Co.

Taxation on Public to a Private Limited Company

  • The conversion of a private company into a public company or vice versa could result in tax liability, however, certain tax exemptions may also be available.
  • Therefore, it's highly recommended to consult our professional experts at Sure Tax Fincare, to ensure compliance with the regulations and laws.

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