Private to Public Limited Company
Private limited company can convert itself in Public limited company as per the provisions of Companies Act 2013. Section 18 of Companies Act specifies that private limited company can convert itself into Public limited company by altering its memorandum and article of association and making application for it in Form INC -27. There should be at least three directors, seven members (shareholders) and a paid-up capital of Rs. 5 lakhs (all are necessary for a public limited company).
Why choose us?
No hidden cost
We will provide you all our services with predefine price. No extra cost will be charge. We provide you fast services with economical cost.
Promise of quality and commitment
We assure you to provide quality of service and commitment to our service. We take all your responsibilities related to government regulations and will fulfill all compliances and paperwork on your behalf.
Team of professionals and experienced legal advisors
We are providing you a good team of professionals such as CA, CS and various experienced legal advisors who will clarify all your doubts related to service and provide you all legal guidance.
We provide you 24*7 supports to handle your all queries and doubts.
Advantages of Public Limited Company
Share can be transfer easily and quickly
In public limited company, it is very effortless to transfer shares to another member as compared to any other business structure. All you required is to file the share transfer form and hand over the share certificate to the buyer.
Capital can be raised through public issue of shares
The most obvious advantage of being public limited company is the ability to raise capital, particularly where the company is listed on recognized exchange Since it can sell its share to the public and anyone can invest their money, thus capital raised is much higher than private limited company. All public limited companies can issue fixed deposits, debentures, convertible debentures to the general public.
Greater trustworthiness and reliability
Public limited company provides more reliability and trustworthiness to its investors and shareholders as it is mandatory to get their accounts audited annually and required to inform any structural changes and holding of annual general meeting to all shareholders.