When a rapidly growing Private Limited Company outgrows its shareholder limits and seeks to raise public capital, execute large-scale debt offerings, or prepare for an Initial Public Offering (IPO), converting into a Public Limited Company is the ultimate regulatory evolution. Private companies are legally capped at 200 shareholders and are strictly prohibited from inviting public investments or freely transferring shares. We navigate the highly structured conversion process under Section 14 and Section 18 of the Companies Act, 2013, assisting you in passing necessary resolutions, amending your Articles of Association (AoA) to remove private restrictive clauses, expanding your board of directors, and aligning your corporate structure with the stringent governance requirements of the Ministry of Corporate Affairs and SEBI.
Draft and submit all necessary special resolutions, explanatory statements, and name alteration applications directly to the ROC for rapid approval.
Amend your corporate charter to remove restrictions on share transfer, invite public subscription, and implement rigorous governance rules.
Facilitate the addition of directors to meet the mandatory minimum of three, and structure the transition of the shareholder count to at least seven.
Conduct an extensive pre-conversion compliance and corporate audit to ensure your company meets the governance standards required for future public listings.
A Public Limited Company must have a minimum of 7 shareholders (with no maximum cap) and at least 3 directors. We assist in identifying, onboarding, and filing DIR-12 for the additional directors and managing the share transfers.
Yes, the suffix of your company name will change from 'Private Limited' to 'Limited'. We manage the mandatory updates across your PAN, GSTIN, IEC, PF/ESIC registrations, and bank accounts to ensure ongoing legal compliance.
Form INC-27 is the official application filed on the MCA portal to convert a private company into a public company or vice versa. It must be accompanied by the altered MoA and AoA, minutes of the general meeting, and a copy of the special resolution.
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