Private Limited Company To Public Limited Company
A Public Company has seven or more members and can invite public to subscribe to its shares. A subsidiary company of a Public company is deemed to be a Public company.
A Private company is an organization which limits its number of members to 200 and cannot invite public to subscribe to its shares. The Companies Act, 2013 provides for converting a Public Limited Company to a Private Limited Company by altering the MOA and AOA of the company.
Documents required for Conversion to Private Limited Company To Public Limited Company
- Copy of PAN Card of Directors
- Passport size photograph of Directors
- Copy of Aadhaar Card/ Voter identity card
- Copy of Rent agreement(If rented property)
- Electricity/ Water bill (Business Place)
- Copy of Property papers (If owned property)
- Landlord NOC (Format will be provided)
Minimum Requirements for Conversion
- DSC for 1 Director
- Minimum 7 Shareholders
- DIN for all directors
- Minimum Authorized Share Capital of Rs 5lacs
- Minimum Paid up Share Capital of Rs.5lacs
- Director and shareholder can be the same person
- Minimum 3 Directors
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POST CONVERSION REQUIREMENTS |
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1. |
Arrange new PAN No. of the company |
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2. |
Arrange new stationary with new name of the Company |
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3. |
Update company bank account details |
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4. |
Intimate all the concerned authorities like Excise and sales tax etc about the status change |
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5. |
Printed copy of new MOA & AOA. |
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