LEGAL SAHEB BUSINESS SOLUTIONS PVT. LTD.

Conversion Of Company

Transparent Pricing. No Hidden Fees.

Price available on request…

Reasons for conversion:

When a private company intends to raise funds from public by way of IPO
When the promoters intend to dilute their shareholding and include outsiders as a result of some arrangements and economic benefits
For better access to capital
Better liquidity for the shareholders as they can buy and sell their shares to outsiders

Process of conversion:

Section 18 of the companies act, 2013 read with rule 33 of the company (incorporation) rules, deals with the conversion of a company
A private company can convert itself into a public company by altering its article of association (AOA) and making an application with the registrar of companies in the manner prescribed

Steps involved in conversion:

Approving the resolution for conversion in a duly held board meeting
Calling an EGM for taking shareholders’ consent
Passing of special resolution in the EGM for conversion by the majority of members for alteration of the articles
Filing form MGT-14 for registering special resolution for alteration of AOA with regards to conversion of the Company into public company within prescribed timelines
Filing form INC-27 with ROC for conversion of private company into public with relevant attachments in accordance with prescribed timelines