Convertion of Pvt. Ltd. Co. to Public Ltd. Co.

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Overview

Converting a private limited company to a public limited company is a legal process primarily intended to enable the company to raise capital from the public and expand its shareholder base.

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Steps

01 Obtain shareholder and board approval

02 Amendment of Memorandum of Association (MOA) and Articles of Association (AOA)

03 File the necessary forms with Registrar of Companies (RoC)

04 Meet other regulatory requirements

05 Issue a prospectus Ask ChatGPT

Eligibility

Minimum paid-up capital:

The company must have a minimum paid-up capital of Rs. 5 lakhs.

Minimum number of shareholders:

The company must have a minimum of seven shareholders.

Minimum public shareholding:

At least 25% of the company’s capital must be held by the public.

Profitability:

The company must have been profitable for at least three years before the conversion

No default in filings and filings returns:

The company must not have defaulted in filing its financial statements and annual returns.

Certificate of Registration

The Registrar of Companies (RoC) issues the certificate of registration to confirm a private limited company's successful conversion to a public limited company As evidence of its legal status, it permits the company to transact business and raise capital from the public The certificate of registration is issued once the company has filed all necessary forms and met regulatory requirements, including amending its MOA and AOA and issuing a prospectus

Taxation on Public to a Private Limited Company

" The conversion of a private company into a public company or vice versa could result in tax liability, however, certain tax exemptions may also be available. Therefore, it's highly recommended to consult our professional experts at Sure Tax Fincare, to ensure compliance with the regulations and laws."

Convertion of Pvt. Ltd. Co. to Public Ltd. Co.

Overview

Unlock Your Business Financial Potential Today!

Steps

01

Obtain shareholder and board approval

02

Amendment of Memorandum of Association (MOA) and Articles of Association (AOA)

03

File the necessary forms with Registrar of Companies (RoC)

04

Meet other regulatory requirements

05

Issue a prospectus Ask ChatGPT

Eligibility

Minimum paid-up capital:

Minimum number of shareholders:

Minimum public shareholding:

Profitability:

No default in filings and filings returns:

Certificate of Registration

Taxation on Public to a Private Limited Company

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