Private Limited to Limited

Conversion of Private Limited to Public Limited Company

Converting a Private Limited Company to a Public Limited Company enables businesses to raise funds from the general public, list on stock exchanges, and expand their shareholder base beyond 200 members. This is the critical step for companies preparing for an IPO or broad-based public fundraising.

Why Convert to a Public Limited Company?

• Ability to list on BSE/NSE through an IPO.
• Raise funds from the general public — no limit on number of shareholders.
• Greater brand recognition and public trust.
• Access to a larger talent pool through publicly listed ESOPs.
• Transfer of shares freely — no restrictions as in a Pvt Ltd company.
• Eligible for higher credit ratings and institutional funding.

Key Requirements

• Minimum 7 shareholders and 3 directors after conversion.
• Minimum paid-up capital: ₹5 lakhs.
• Alteration of MoA and AoA to remove private company restrictions.
• Special resolution passed by shareholders at an EGM.
• Approval from ROC for the conversion.

Documents Required

• Board resolution and shareholder special resolution.
• Altered MoA and AoA (removal of private company restrictions).
• List of directors and shareholders post-conversion.
• Latest audited financial statements.
• Form MGT-14 and INC-27 filing with MCA.

Conversion Process

1. Pass board resolution proposing conversion to Public Limited Company.
2. Hold EGM and pass special resolution for alteration of MoA and AoA.
3. File Form MGT-14 with altered MoA/AoA within 30 days of EGM.
4. File Form INC-27 for conversion approval from ROC.
5. Receive fresh Certificate of Incorporation as a Public Limited Company.
6. Update all business records, PAN, GST, and bank accounts with the new name.

Timeline

Approximately 30–45 working days.

Why Choose Tax Precision?

• Expert guidance on IPO readiness and public company governance.
• Complete MoA/AoA alteration and MCA filing support.
• SEBI listing requirement advisory for post-conversion planning.
• Shareholder and director restructuring advisory.
• Post-conversion secretarial and compliance management.