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To embark on this transformation, your private limited company must meet specific criteria:
● Minimum Paid-up Capital: Your paid-up capital must exceed Rs. 5 lakhs.
● Minimum Shareholders: You must have at least 7 shareholders for conversion.
● Track Record: Your company must demonstrate a consistent operating track record with robust financial performance.
Beyond access to capital, consider these benefits:
● Diversification of Shareholding: Spread ownership across a wider investor pool, mitigating risk and fostering stability.
● Enhanced Market Recognition: Public listing elevates your profile, attracting broader talent and valuable business partnerships.
● Improved Creditworthiness: Access to public markets often translates into better loan terms and lower interest rates.
1. Board Resolution: Convene a Board meeting and pass a resolution proposing the conversion to a PLC.
2. Special Resolution: Call a General Meeting of shareholders and obtain a Special Resolution approving the conversion.
3. Alteration of MoA and AoA: Amend your Memorandum of Association (MoA) and Articles of Association (AoA) to reflect the new PLC structure.
4. Filing with ROC: Submit the requisite forms and documents with the Registrar of Companies (ROC) for approval.
5. Compliance Requirements: Implement stricter governance practices and internal controls to comply with PLC regulations.
6. Public Issue: If raising capital through an IPO, appoint a merchant banker and prepare for the public issue process.
Beyond access to capital, consider these benefits:
● Diversification of Shareholding: Spread ownership across a wider investor pool, mitigating risk and fostering stability.
● Enhanced Market Recognition: Public listing elevates your profile, attracting broader talent and valuable business partnerships.
● Improved Creditworthiness: Access to public markets often translates into better loan terms and lower interest rates.
Fill the form or Chat with one of our executive to get all the details.
Submit all necessary documents required for company registration.
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The process involves obtaining approval from the shareholders, altering the Memorandum and Articles of Association, filing necessary forms with the RoC, and complying with legal requirements for conversion.
Reasons may include raising capital from the public markets, facilitating trading of shares on stock exchanges, enhancing liquidity, and accessing a larger investor base.
The conversion must comply with the provisions of the Companies Act, 2013, and involve obtaining necessary approvals from shareholders, filing required documents, and paying prescribed fees.
Yes, subject to compliance with legal requirements, eligibility criteria, assessment of business viability, and approval from regulatory authorities.
Documents such as altered Memorandum and Articles of Association, board resolutions, special resolutions, prospectus (if applicable), and necessary forms for filing with the RoC are required.
The process must be completed within a specified timeline, as per the requirements of the Companies Act, 2013, and any applicable regulations.
Non-compliance may lead to rejection of conversion by regulatory authorities, penalties imposed by the RoC, and adverse impact on the business's legal status and operations.
Yes, Avenue Advisory provides expert assistance for conversion, including assessing eligibility, preparing documents, filing applications, and compliance monitoring.
Avenue Advisory ensures compliance with the conversion procedure by guiding clients through the process, preparing accurate documents, and liaising with regulatory authorities for approvals.
Outsourcing to Avenue Advisory ensures accuracy, compliance, timely processing, and expert support, enabling businesses to navigate the complexities of transitioning to a public limited company smoothly.
Share your needs and questions through our Quick Enquiry Form. Connect with a friendly advisor for a personalized call within 24 hours. Receive a clear quote without any obligation - it's all about understanding your goals!
Our dedicated advisors listen to your needs and help you explore options. We make things clear and answer any questions you have along the way. Get expert guidance and feel confident about your next steps.
Access our streamlined platform for easy document management. We provide a simple questionnaire and checklist to ensure everything's covered. Relax knowing we're here to guide you every step of the way.
Receive a transparent and fixed fee before you proceed – no surprises! Focus on achieving your goals knowing everything is handled efficiently and ethically. Trust our expertise and enjoy the journey towards your success.