Conversion of Pvt,Public LTD

CONVERSION OF PRIVATE LTD COMPANY TO PUBLIC LTD COMPANY

ADVANTAGES

• RAISING OF FUND :-
When the business grows substantially then it requires more fund to be poured into it. Private limited company cant invite general public to subscribe shares and can't accept deposit from the public. Public limited company is the real time solution over it.

• RAISING OF FUND :-
Public ltd company enjoys more goodwill compared to that of private ltd company.

MINIMUM REQUIREMENTS:-
Minimum Authorised Share Capital shall be Rs. 500,000 (INR Five Lac)
Minimum Paid-up Share Capital shall be Rs. 500,000 (INR Five Lac)
Minimum 7 Shareholders
Minimum 3 Directors
The directors and shareholders can be same person
If the above requirements are not fulfilled by the Private Company, then the relevant alterations / changes to be made before conversion
DIN (Director Identification Number) for all the Directors
DSC (Digital Signature Certificate) for one of the Directors

PROCEDURE TO CONVERT PRIVATE LTD COMPANY TO PUBLIC LTD COMPANY


CONVERSION OF PUBLIC LTD COMPANY INTO PRIVATE LTD COMPANY



MINIMUM REQUREMENTS:-
• The company shall not be listed on any recognized stock exchange.
• In case of a listed company, it will have to wait for atleast one year after its delisting
• DIN (Director Identification Number) for all the Directors
• DSC (Digital Signature Certificate) for one of the Directors

PROCEDURE:-