Convert Private Limited Company to Public Limited Company
Get StartedKnow about Conversion of a Private Limited Company into Public Limited Company
Conversion of Private Company into a Public Company opens a new door of opportunities, especially in the form of fundraising and reach of the market. The company can raise funds through Public Issue and accept deposits too. This structure is appropriate for the medium and large scale businesses. The conversion will be followed by the approval from Government and alteration to MoA & AoA.
Further, a minimum of 7 members and 3 directors are required for conversion of Pvt Ltd to Public Ltd. The rights, liabilities, powers, and obligations remain the same for the company even after the conversion. Transfer of shares is possible as the restriction on transfer is removed on conversion.
Benefits of Conversion of Private Limited into Public Limited
Documents Required for Conversion of Private Company to Public Company
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Convert Private limited to Public Company in 3 Easy Steps
Process of conversion into Public Company
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Private Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm | ||
---|---|---|---|---|---|---|
Act | Companies Act, 2013 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Indian Partnership Act, 1932 | No specified Act | |
Registration Requirement | Mandatory | Mandatory | Mandatory | Optional | No | |
Number of members | 2 – 200 | Only 1 | 2 – Unlimited | 2 – 50 | Only 1 | |
Separate Legal Entity | Yes | Yes | Yes | No | No | |
Liability Protection | Limited | Limited | Limited | Unlimited | Unlimited | |
Statutory Audit | Mandatory | Mandatory | Dependent | Not mandatory | Not mandatory | |
Ownership Transferability | Restricted | No | Yes | No | No | |
Uninterrupted Existence | Yes | Yes | Yes | No | No | |
Foreign Participation | Allowed | Not Allowed | Allowed | Not Allowed | Not Allowed | |
Tax Rates | Moderate | Moderate | High | High | Low | |
Statutory Compliances | High | Moderate | Moderate | Less | Less | |
Get Started | Know More | Know More | Know More | Know More |
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