Procedure for conversion of Private Limited to Public limited
Prepare notice of board meeting along with draft resolution(s) to be passed in the board meeting in accordance with the section 173(3) of the Companies Act, 2013 and clause 1 of the Secretarial Standard-1.
Convene board meeting and pass the requisite resolutions in relation to the conversion of Private Limited to Public Limited:
Prepare draft minutes of the board meeting and circulate, within in a period of fifteen days from the date of conclusion of that meeting.
File e-Form DIR-12 with the Registrar of Companies, in case new directors are appointed.
Send notice of general meeting to all stakeholders at least 21 days before the date of general meeting.
Convene general meeting and get approval of members by way of special resolution in general meeting for conversion of private limited into public limited
Prepare draft minutes of shareholders’ meeting and for finalisation, send the draft minutes to the chairman of that meeting.
Arrange list of creditors and no objection certificate from all creditors.
Arrange affidavit from directors regarding filing of Balance Sheet and Annual Return for the last 3 years.
File copy of special resolution along with explanatory statements with the Registrar of Companies within 30 days in e-Form MGT 14.
File e-Form INC 27 with the Registrar of Companies together with altered articles of association within 15 days from the date of passing of the special resolution.
After scrutiny, the Registrar of Companies, if satisfied, will issue the certificate of Incorporation pursuant to change of name from private to public company.
Arrange new Permanent Account Number card of the company with new name.