What are the steps to convert a private company into a public company?

Answer 1

Following documents are required for conversion of a private company into public company:

1. Altered Articles of Association.

2.Statement in Lieu of Prospects.

3. Power of Attorney by the authorised person, may be the director or promoter of company.

4. Altered copy of Memorandum of Association because there will be change in name clause, word 'private' will be deleted.

Procedure:

1. first call the board meeting to discuss about such conversion and to authorize a person to do all acts, deeds, and execute all documents to be filed with ROC, and to issue the notice regarding the holding of EGM/AGM.

2. pass the special resolution in EGM/AGM for the change in the Articles of Association as well as Memorandum of Association of the Company and File e-Form 23 with ROC.

3. get the SLP prepared and file it in e-Form 62 within thirty days from the date of alteration means after the approval of e-Form 23 by the concerned ROC.

After filing e-Form 62 and its approval from the ROC then the status of the company will be changed from 'Private' to 'Public".