BUSINESS ENTITIES CONVERSION

Minimize liability maximize profits, explore the new dimensions of business

Public Limited to Private Limited

Overview
Documents Required
Process

Convert Public Limited Company to Private Limited Company

A Public Limited Company, legally known as PLC, is a publicly held company. It is a limited company whose shares can be traded with the public. PLC can be listed or not listed in the stock exchanges. PLC requires a minimum of 3 Directors as a prerequisite. A private limited company or famously known as LTD is a privately held company. This implies that the business limits owner liability to its shares and limits the number of shareholders to 50. It also restricts shareholders from trading shares publicly. Advantages of Private Limited Company

The liability of shareholders is limited to their shares. Financial risks are a part of the business but to be able to minimize them and sustain the business progress is imperative. In an LTD, if due to any reason the company were to be closed the shareholders would not risk losing their personal assets.
Risk of takeovers is minimized when two shareholders trade shares as the selling and buying of shares is possible only when both parties have given their consent.
Private limited companies are incorporated; hence it continues to exist even if the owner dies.
LTD is not obliged to disclose its finances to the public, unlike Public Limited.
It enjoys fewer legal restrictions as compared to a Public Limited Company.
There is a necessity to call for a general meeting of members in Public Limited, whereas there is no such compulsion in Private Limited.
To start a business, the public company needs a certificate of commencement of business after incorporation, whereas a private company can start its business just after receiving a certificate of incorporation.

Frequently Asked Questions

Will the change of name of company have any affect?

The change of name on conversion will not affect any rights or obligations of the company and any legal proceedings by or against the company, which was commenced in its former name, can be continued under its new name.

What are the legal formalities after the conversion takes place?

The following main points must be taken care of after the Public Limited is converted to Private Limited:
• New PAN card in the name of the company
• Update bank details

Documents required to convert Public Limited Company to Private Limited Company

E-form MGT 14 – Special resolution for conversion of the company into a public company is to be filed with the following attachments:
- A certified true copy of the special resolution
- Altered memorandum and articles of association (MOA/AOA)
- A certified true copy of board resolution is optional
- Notice of Extra-Ordinary General Meeting (EGM) that is held to pass the board resolution which is the approval of Directors for the conversion of a Public Limited Company to Private Limited Company
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

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Public Limited to Private Limited Registration

₹35,999.00

Public Limited to Private Limited in just 10 Days

Never let the businessman see down by giving your business a shining name with Public Limited to Private Limited registration. It is extremely easy to start and run!

Why choose Company registration in INDIA ?

Shields from personal liability and protects from other risks and losses.
A registered company makes it genuine and increases the authenticity of your business.
Procures bank credits and good investment from reliable investors with ease.