What is the procedure for conversion a Private Limited Company into a Public Limited Company?

 

  • The prerequisite for a public limited company is minimum 3 directors and minimum 7 shareholders and accordingly before conversion into a public limited company, the private limited company shall fulfill such criteria.
  • Minimum paid up share capital shall be Rs. 5 lac before filing application for conversion of a public limited company
  • Preparation of DSC and DIN of all proposed Directors
  • Preparation and Filing e-form MGT 14 for registration of Special Resolution
  • Preparation and Filing of e-form MGT 27 along with above mentioned documents for conversion
  • Appropriate Government fees is payable depending upon the authorized capital of the company.