PUBLIC LIMITED TO PRIVATE LIMITED

INR 29,999

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PRIVATE LIMITED COMPANY TO ONE PERSON COMPANY

INR 14,999
Per Class
  • Private Limited Company To One Person Company
  • Conversion filing
  • Conversion update

PUBLIC TO PRIVATE LIMITED

INR 29,999
Per Class
  • public to private limited
  • conversion Filing
  • conversion Update

PRIVATE LTD TO PUBLIC LTD

INR 29,999
Per Class
  • Private Limited to Public limited
  • conversion Filing
  • conversion Update

What is Public Limited?

A public company is a corporation whose ownership is distributed amongst general public shareholders via the free trade of shares of stock on exchanges or over-the-counter markets. Although a small percentage of shares are initially floated to the public, daily trading in the market determines the value of the entire company.


What is Private Limited?

Section 2(68) of Companies Act, 2013 defines private companies. According to that, private companies are those companies whose articles of association restrict the transferability of shares and prevent the public at large from subscribing to them. This is the basic criterion that differentiates private companies from public companies.


Procedure for conversion of Public Limited to Private Limited

Prepare notice of board meeting and pass the requisite resolution(s).

Prepare draft minutes of the board meeting and circulate, within in a period of fifteen days.

Convene general meeting and pass special resolution for alteration of articles of association and conversion of company from public company to private company.

Prepare draft minutes of shareholders meeting and for finalisation, send the draft minutes to the chairman of that meeting.

File e-Form MGT-14 along with attachments within the Registrar of Companies within 30 days of passing of special resolution.

Prepare an advertisement in the Form INC 25A a draft of which was approved in board meeting.

File an application under second proviso to sub-section (1) of section 14 for the conversion of a public company into private company in e-form RD-1 along with the requisite fee with the requisite documents.

Make arrangement for the information/documents called by the Regional Director and after rectifying the discrepancies, re-submit such application within a period of fifteen days in e-form No. RD-GNL-5.

The order conveyed by the Regional Director shall be filed by the company with the Registrar of Companies in e-Form No. INC-28 within fifteen days from the date of receipt of approval along with requisite fees and order.

File e-form INC-27 with all attachments with the Registrar of Companies within 15 days of receiving of order from Regional Director for getting fresh Certificate of Incorporation in the name of private limited company.

The Registrar of Companies will issue fresh Certificate of Incorporation in Form INC-25 with new name.

Intimate all the concerned authorities like banks, tax authorities, state government authorities, etc. about such status change and arrange new Permanent Account Number card of the company in the new name.

Arrange new Permanent Account Number card of the company with new name.


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Documents required for conversion of Public Limited to Private Limited


 

1. E-form MGT 14 – Special resolution for conversion of the company into a public company is to be filed with the following attachments:
i.Certified true copy of special resolution which needs to passed in EGM
ii. Altered memorandum and articles of association (MOA/AOA)
iii.Notice of Extra Ordinary General Meeting (EGM)
E-from INC 27 – Application for the conversion of Public Limited to Private Limited
Minutes of the Meeting where approval was given for conversion and altered Articles of Association
Altered Articles of Association

Frequently Asked Questions

Memorandum of Association and Articles of Association of the Company. Rest of all the documents prepared by MyCompanywala Team and send to you for signing purposes only.

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