What are some key/ basic benefits of the conversion of Public Limited Company into a Private Limited Company?

  • The Compliance requirements of the private limited companies are less as compared to Public Limited Companies
  • There are restrictions on withdrawal of remuneration by the Directors of a Public Limited Companies whereas as no such restrictions are there in case of Private Limited Companies.
  • There is exemption from rotation of directors in private limited company,
  • There is no requirement of minimum paid up capital in private limited company,
  • Mandatory requirement of appointment of Managing Director, Chief Executive Officer (CEO), Manager, Whole-time Director, Chief Finance Officer (CFO) is not applicable on private limited company