Conversion from Private to Public Limited Company

As we know that public co. is suitable for large entities or the entities which have huge potential of growth, and the finance plays a very important role in the growth of Entities. The listing obligations in India can be fulfilled only by public companies only and because of more transperancy and more compliances & disclosures the other finance providers are more comfortable to provide financial assistance to such companies.

Requirements:

Ø  A minimum no. of 7 members & no maximum limit. Hence additional 5 members are required.

Ø  Minimum 3 directors required and a maximum of 15 directors (this limit of maximum directors can be removed by passing necessary resolutions in the meetings of company). Hence additional 1 director is required.Ø  Paid up capital can be raised as much as the company requires.

Documents for Company Conversion:

Ø  PAN card details of all new directors and shareholders.

Ø  Address Proof such as Aadhar Card/ Driving Licence/ Voter card, of all new directors and shareholders.

Ø  Passport size photograph of new directors.

Additions in our services for Company Conversion:

Ø  DIN for 1 Directors.

Ø  Altered Memorandum of Association

Ø  Altered Articles of Association

Ø  Digital Signature for 1 additional DirectorØ  Statutory Fees.

Ø  All other Consultancies regarding that.