Private Limited Company To Public Limited Company

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

POST CONVERSION REQUIREMENTS

1.  

Arrange new PAN No. of the company

2.   

Arrange new stationary with new name of the Company

3.  

Update company bank account details

4.  

Intimate all the concerned authorities like Excise and sales tax etc about the status change

5.   

Printed copy of new MOA & AOA.

 

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