Description

The process for conversion of a Private Limited Company to a Public Limited Company is as follows:

1. Hold a Board Meeting of the Private Limited Company and pass a resolution to initiate the process of conversion and authorize a Director or Company Secretary to make an application to the Registrar of Companies (ROC) for conversion.

2. Conduct a General Meeting of shareholders and pass a special resolution for conversion. This resolution should be passed by at least 75% of the shareholders.

3. File Form MGT-14 with the ROC within 30 days of passing the special resolution.

4. File Form INC-27 with the ROC within 60 days of passing the special resolution. This form includes the application for conversion along with the following documents:

   • Memorandum of Association (MoA) and Articles of Association (AoA) of the Public Limited Company.
   • List of Directors of the Public Limited Company
   • Copy of the latest audited balance sheet of the Private Limited Company
   • Copy of the special resolution passed by the shareholders

5. Obtain approval from ROC: Upon verification of the documents and satisfaction of the Registrar of Companies, the ROC will approve the conversion and issue a Certificate of Registration.

6. Update PAN and other registrations: After the conversion, update the Permanent Account Number (PAN) and other registrations with the respective authorities.