Private Limited to Public company
Change of Private Company into a Public Company opens another entryway of chances, particularly through gathering pledges and reach of the market. The organization can raise assets through Public Issue and acknowledge stores as well. This construction is suitable for the medium and enormous scope organizations. The transformation will be trailed by the endorsement from Government and change to MoA and AoA.
Further, at least 7 individuals and 3 chiefs are expected for change of Pvt Ltd to Public Ltd. The privileges, liabilities, powers, and commitments continue as before for the organization even after the transformation. Move of offers is conceivable as the limitation on move is eliminated on transformation.
Document Required
- PAN Card
- Identity Proof
- Address Proof
- Photograph
- Business Address Proof
- NOC from owner
- Rent Agreement
- Incorporation documents
- Financial Statements
- Income Tax Return
- Note: In case of NRI or Foreign National, documents of director(s) must be notarized or apostilled
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Benefits of Conversion of Private Limited into Public Limited
- Raising capital through public issue of shares
- Limited liability
- Brand Awareness
- Transferability of shares