About conversion of Public Limited into Private Limited
Private Limited Companies can be easily converted into Public Limited by passing a special resolution in an Extra Ordinary General Meeting and by altering its Memorandum of Association and Articles of Association.
|Filing of Application
3 to 5 Working Days
|Drafting of basic documents including MOA and AOA
5-7 working days
|Processing of Application and work completion
15-20 working days
Advantages of conversion of Private Limited into Public Limited
Simple Conversion Process
Public Limited Company can be converted into private limited, by complying with the prescribed limited formalities of the Companies Act, 2013.
Less Legal Restrictions
Private limited enjoys less legal restrictions as compared to Public Limited Company.
Operation scale of private limited Company can be easily manageable as there are only two directors to manage everything.
Frequently Asked Questions (FAQs)
How Registrationseva help with conversion of Public Limited into Private Limited?
Registrationseva can help in conversion of Public Limited into Private Limited in 30 to 35 working days, subject to ROC processing time.
Can Private Limited can be incorporated with 2 directors?
Yes, you can incorporate private limited company with 2 directors.
How much money do I need to start a Private Limited Company?
For conversion of Public Limited into Private Limited, no minimum capital is required. You can proceed with conversion with the existing capital.
Will the change of status have any legal effect?
The conversion will not affect any rights or obligations of the company and any legal proceedings by or against the company.
Documents & Informations Required to Process?
For Directors And Shareholders (In Scan only) :
1. PAN Card
2. Identity Proof – Anyone (Election ID/Passport/Driving License/Aadhar Card)
4. Address Proof – Anyone and Latest by One Month (Bank Statement/Mobile Bill/Telephone Bill/Electricity Bill)
NOTE: AADHAR CARD/DL/PASSPORT/VOTER-ID WILL NOT BE ACCEPTED AS ADDRESS PROOF.
Note: There is no specific set of documents required, rather we will provide you the documents time to time for signature and filing purposes.