How To Convert a Private Limited Company To a Public Limited Company
A Public Limited Company is a company that has limited liability and its shares can be freely traded and sold to the public and in the case of private limited company there comes a restriction imposed by the Ministry of Corporate Affairs (MCA).
In order to have the conversion from a Private Limited Company to the Public Limited Company, the necessary prerequisite of at least 3 directors, 7 shareholders and a paid-up capital of Rs 5 lakhs under the complete governance of Companies Act 2013.
Procedure For Conversion Of Private Limited Company Into Public Limited Company
When the company wants to grow big then it is preferred to convert your private limited Company to a public limited in Hyderabad & Bengaluru. The following steps are involved in the procedure:
- Convene a board meeting
- Convene extra ordinary general meeting
- Filing of form inc-27 with roc
- Filing of form mgt-14 with roc