Start Your Entrepreneurial Journey NowGet Quote
Conversion of Private Limited into Public Company Key Benefits:
Public limited Company is the only corporate form of organization which is allowed to raise funds from general public. Public Limited Company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured, accept deposits from the public, etc. Banking and financial institutions prefer to render large financial assistance to Public Limited Companies. Even a closely held Company can operate as a Public Company without diluting promoters’ stake.
Public Limited Companies as compared to other business forms enjoys better recognition in the market and bestows confidence in the stakeholder
Steps in Conversion of a Private Limited Company into a Public Limited Company:
|Step No.||Steps||Timeframe (Working Days)||Processing|
Pass a resolution for deletion of articles (which are originally required to be included in the articles of a private company) and recommend it to the shareholders for adoption by them at a General Meeting
|2||Notice of General meeting||21||
Give 21 days' clear notice for the General Meeting proposing the Special Resolutions with suitable Explanatory Statement.
|3||Filing of Special Resolution with RoC||2||
|4||Filing of Prospectus or Statement in lieu of prospectus||15||