Conversion Process, Legal Formalities and ROC Compliances, Documents, expenses
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Call Board Meeting
Step 1, call Board Meeting to fix the date, time and place for holding Extra-ordinary General meeting (EGM) to get approval of shareholders, by way of Special Resolution, for conversion of a Private company into a Public company.
Hold the Extra-ordinary General meeting (EGM) on due date and pass the necessary Special Resolution, to get shareholders’ approval for Conversion of Private Company into a Public company along with alteration in articles of association under section 14 for such conversion.
Form MGT 14 and INC 27 is required to file as per below:- A) MGT 14 - a copy of this special resolution is expected to be filed with the concerned ROC through the filing of form MGT.14 within 30 days of passing the resolution in the EGM. B) INC 27 - As per Rule 33 of Companies (Incorporation) Rules, 2014, for effecting the conversion of a private company into a public company or vice versa, the application shall be filed in Form No. INC-27 with fee. Accordingly an Application for conversion of a Private company into a Public company is required to be filed in e-Form INC.27 to the ROC concerned, with all the necessary annexures and with prescribed fee.
As per Section 18, after receiving the documents for conversion of a Private Company into a Public Company, ROC shall satisfy itself that the Company has complied with the requisite provisions for registration of the company. If so satisfied, ROC (Registrar of Companies) shall close the former registration and issue a fresh certificate of incorporation, after registering the documents submitted for change in class of company.
Conversion of Pvt Ltd into Public Ltd
Note : Govt. Fee and legal expenses payable as per actual and not included in above professional fee