A private company converts into a public company by passing a special resolution to alter its articles and remove private company restrictions, ensuring at least seven members and three directors, changing its name to end with Limited, and filing MGT-14 and INC-27 with the ROC. A fresh certificate of incorporation is issued on approval.
Why convert
- Plan to list or raise public funds
- More than 200 shareholders
- Regulatory requirement for certain businesses
Process
- Board meeting and EGM notice.
- Special resolution to alter AoA and name.
- Increase members and directors as needed.
- File MGT-14 and INC-27.
- Receive fresh certificate.
After conversion
Apply public company rules on related parties, loans, remuneration, independent directors and committees where thresholds apply.
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Update PAN, GST, bank, licences and stationery with the new name.
Frequently asked questions
Does conversion change the CIN?
The CIN is updated to reflect public status.
Is listing mandatory after conversion?
No. Many public companies stay unlisted.
Is stamp duty payable?
Stamp duty may apply on altered articles per state law.
How long does conversion take?
Commonly a few weeks.
Let Leegal handle your Conversion of Private Limited to Public Limited
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