Process for Conversion of Private Limited Company into a Public Limited Company

 Benefits:

1. A private Limited Company can have only maximum 200 members, whereas Public company do not have any limitation on maximum numbers of members (but for Public company there should be minimum 7 Member instead of 2 as compared to Private Limited Company)
2. Option for Initial Public Offering (IPO): A Private Limited Company cannot offer its share to public by launching IPO, By converting it to Public Company it can be done

Process for Conversion:

1. Board Resolution: First step is to pass Board Resolution for approval of Conversion and Alteration of Memorandum and Article of Association.
2. Notice of EGM: Notice for EGM to be given to Members of the company with explanatory statements
3. Special Resolution: A Special Resolution shall be passed by members in the Extraordinary General Meeting for Approval of Conversion of Company and Alteration of Memorandum and Article of Association
4. FORM MGT-14: Form MGT 14 shall be filed on MCA within 30 Days of passing Special Resolution along with following attachments:
   1. Special Resolution
   1. Notice of EGM & Explanatory Statements
   1. Altered MOA and AOA
5. FORM INC-27:  For Application of conversion of Private Limited Company in Public Company Form INC-27 shall be filed with ROC within 15 Days of approval of MGT-14 along with following attachments:
   1. Special Resolution
   1. Minutes of EGM
   1. Altered AOA, MOA
   1. Board Resolution
6. After Approval of INC-27 all the related compliances shall be done (Appointment of additional Directors and Increase in Number of Members as required)