Convert a Public Limited Company to a Private Limited Company, you can consolidate the ownership of your company from the general public back into the hands of a selected few!
Introduction
In India, the share transferability of a private limited company is limited to 50 shareholders, and they are restricted from freely trading their shares with the general public. However, a Public Limited Company does not suffer such limitations and its shares may be freely traded amongst the general public. Sign up to Convert a Public Limited Company to a Private Limited Company Service today, so that your company can shed the liabilities & compliances of a Public Company and emerge as a Private Company. With our team working for you, you can focus on the impending transition, and acquiring funding for the same. Sign up today!
Distinctions between Private Limited and Public Limited Companies
| Private Companies | Public Companies |
|---|---|
| Transfer of shares to only a few investors | May offer shares to the general public |
| Cannot be listed | Can be listed |
| Lower Compliance requirements | Higher Compliance requirements |
Procedure Of Converting Public Limited Company To Private Limited Company
Convene and hold Board meetings and pass a resolution for conversion of Public Company to Private Company.
Draft Notice of EGM, Convene EGM and pass a special resolution.
File E form MGT 14 with ROC within 30 days.
File E-form RD-1.
Necessary Documentation For Converting Public Limited Company To Private Limited Company
Copy of MOA and AOA.
Board and General Meeting Resolutions.
Minutes of General Meeting.
Attendance sheet.
Affidavit.
Newspaper advertisement.
