Embrace Business Growth with Assurance
Say yes to unprecedented business growth by converting your Private Limited Company into Public Limited Company. Talk to us today.
Moving up to a bigger platform is always good. In case of business landscape, conversion from Private Limited Company to Public Limited Company primarily depends on the needs and business objectives of the Director. The biggest advantage of a Public Limited Company is that it can invite public to buy its shares. According to The Companies Act, 2013, a Private Limited Company can be converted into a Public Limited Company by modifying the MOA and AOA of the company and filing all necessary forms to the Ministry.
The primary reason why Public Limited Company is the ultimate choice is its ability to raise big-size funds from public without approaching the banking system. On the other hand, a Private Limited Company can only secure funds only from its existing directors, shareholders and promoters.
Benefits of converting to Public Limited Company
Rapid transfer of shares
The shareholders of a Public Limited Company can easily transfer their shares employing the share transfer form and give the share certificate to the buyer. The transfer of shares in any other business format is quite cumbersome.
The foremost advantage of the Public Limited Company is that you can choose to raise funds from the general public in the form of shares. However, this would require business listing on a stock exchange. All public limited companies can issue fixed deposits, debentures, convertible debentures to the general public.
As public limited companies are required to file all financial details to the respective authority, notify the government about any structure change and conduct annual general body meetings. Though all these compliances are a bit tedious, they bring great amounts of credibility to business in many aspects.
At Trademark Bazaar, we provide all necessary assistance to business owners looking to convert their Private Limited Company into a Public Limited Company. Since our inception, we have helped hundreds of businesses toward smoother and result-oriented operations.
Count on our domain expertise and say yes to an easy and effective conversion from Private Limited to Public Limited.
Is it mandatory for a Public Limited Company to have 3 directors?
Yes, there should be a minimum of 3 directors in a Public Limited Company. In case of a sole ownership, One Person Company is a feasible option.
Who can be a member in Public Limited Company?
Any person/business can be a member of the Public Limited Company including foreigners/NRI.