Convert Private Limited Company to Public Limited Company
The legal form and operational framework of a Private Limited firm (PLC) are fundamentally altered when it transitions from a privately owned to a publicly held firm. In real terms, this conversion means the following:
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INTRODUCTION
Do You Know About Converting a Private Limited Company to a Public Limited Company?
Converting a Private Limited Company into a Public Limited Company opens up exciting opportunities for growth, increased market reach, and wider access to funding. Unlike a private company, a public company can raise capital by issuing shares to the general public and can also accept public deposits. This structure is ideal for medium to large-scale businesses looking to expand and tap into the stock market.To complete the conversion, the company must get approval from the government and make the necessary changes to its Memorandum of Association (MoA) and Articles of Association (AoA).A Public Limited Company must have a minimum of 7 shareholders and 3 directors. Importantly, after the conversion, the company’s rights, duties, powers, and obligations remain unchanged — only its corporate status evolves to allow greater flexibility. One of the key benefits is that shares can be freely transferred, as the restrictions on share transfer that apply to a private limited company no longer exist.
Advantage
Advantages of Converting a Private Limited Company into a Public Limited Company
Raise Capital through Public Issue of Shares
One of the biggest advantages of becoming a public limited company is the ability to raise substantial capital by issuing shares to the general public. Listing on a recognized stock exchange can attract a wider pool of investors, including mutual funds, hedge funds, and institutional investors. This gives the company access to significant funding, much more than a private limited company can typically raise.
Increased Brand Awareness
Going public automatically increases the company’s visibility and credibility in the market. Being listed on a stock exchange builds public trust and recognition, which helps boost the brand image and can lead to more business opportunities and partnerships.
Limited Liability Remains Intact
After conversion, the limited liability protection for shareholders remains unchanged. Each member’s liability is limited only to the amount unpaid on their shares. This means the personal assets of shareholders are not at risk for the company’s debts.
Easy Transferability of Shares
Shares of a public limited company are freely transferable, unlike in a private limited company where transfer restrictions apply. This added liquidity allows shareholders to sell their shares on the stock exchange and exit the investment easily, which can attract more investors.
A LIST OF DOCUMENTS
✅ Documents Required for Converting a Private Limited Company into a Public Limited Company
📌 PAN Card
PAN Card of all directors and shareholders. For foreign nationals or NRIs, a valid passport can be provided instead.
📌 Identity Proof
Self-attested copy of Aadhaar Card, Voter ID, Passport, or Driving Licence of all directors and shareholders.
📌 Address Proof
Recent Bank Statement, Telephone Bill, or Electricity Bill (not older than 2 months) for all directors and shareholders.
📌 Latest Passport-Size Photographs
Clear, recent passport-size photographs of all directors and shareholders.
📌 Registered Office Proof
Latest Electricity Bill or Telephone Bill of the registered office address.
NOC from Owner: No Objection Certificate from the property owner, if the office is rented.
Rent Agreement: Rent agreement for the registered office premises (if applicable).
📌 Note for Foreign Nationals / NRIs
If any director or shareholder is an NRI or foreign national, the submitted documents must be notarized or apostilled as per legal requirements.
📌 Incorporation Documents
Copy of the current Certificate of Incorporation, Memorandum of Association (MoA), and Articles of Association (AoA).
📌 Financial Statements
Certified copy of the latest audited financial statements of the company.
📌 Income Tax Return (ITR)
A copy of the latest Income Tax Return filed for the previous financial year.
✅ Convert Private Limited Company to Public Limited Company in 3 Easy Steps
Step 1: Answer Quick Questions
Fill in our simple online questionnaire — it takes less than 10 minutes.
Share the basic details and upload the required documents for conversion.
Make a secure payment through our trusted payment gateways.
Step 2: Experts Are Here to Help
A dedicated Relationship Manager will be assigned to guide you.
Assistance with procurement of Digital Signatures (DSC).
Drafting and alteration of the Memorandum of Association (MoA) & Articles of Association (AoA).
Preparation of all required documents, including incorporation paperwork.
Filing the application for the new Certificate of Incorporation.
Assistance with updating PAN & TAN.
Step 3: Your Private Company is Converted to a Public Limited Company
The entire process typically takes 20–25 working days, subject to Government processing time.
🔍 Process Timeline
📅 Day 1 – 2
✔️ Detailed consultation and guidance for conversion
✔️ Collection of necessary information & documents
✔️ Application for DSC for any new directors (if required)
📅 Day 3 – 7
✔️ Drafting of Board Resolutions and necessary affidavits
✔️ Drafting and alteration of MoA & AoA
✔️ Sharing draft documents for signatures
📅 Day 8 – 15
✔️ Filing online forms for alteration of MoA & AoA with ROC
✔️ Government processing of the submitted forms
📅 Day 16 – 20 onwards
✔️ Filing of the final forms required for conversion to a Public Limited Company
✔️ Issuance of the new Certificate of Incorporation
Frequently Asked Questions
Have questions before reaching out? Here are quick answers to some of the most common queries we receive about contacting us, consultations, and service inquiries.
To incorporate a Public Limited Company, you must have a minimum of 7 shareholders and 3 directors. The minimum authorised capital is ₹5 Lakhs, compared to ₹1 Lakh for a Private Limited Company.
Yes. The suffix “Private Limited” must be replaced with “Limited”. This requires shareholders’ approval through a resolution and amending the Memorandum of Association (MoA) accordingly.
A Public Limited Company handles public money, so statutory compliance is stricter. Obligations extend beyond Income Tax to include filings with the ROC/MCA, SEBI, RBI, and other regulators. Extra diligence is required to maintain transparency and legal compliance.
After receiving name approval from the Registrar of Companies (ROC), the MoA and AoA are revised to update the company’s name, capital clause, and remove any restrictions applicable to a Private Limited Company.
Your company can commence operations as a Public Limited Company only after receiving the fresh Certificate of Incorporation from the ROC reflecting the conversion.
The conversion process typically takes 20–25 working days, depending on timely document submission and Government approval timelines. Our experts ensure smooth and prompt processing.