The Companies Act, 2013 provides for converting a Private Limited Company to a Public Limited Company by altering the MOA and AOA of the company and replacing privately limited to public limited. Why you want to convert the private limited company into a public limited company depends on below few scenarios: -
- Want to increase the number of members, shareholders, or promoters above 200.
- Shareholders want to transfer their shares with ease.
- Want to raise capital from the general public through IPO. Also want to issue fixed deposits, debentures, and convertible debentures to the general public.
- The Public limited company enjoys better market recognition, credibility and confidence in the stakeholder’s mind.
Note: - this package is for company(ies) with turnover and authorised capital upto INR 50 Crore.