Conversion of Private Company to Public Company
Private companies that wish to convert to public companies. Requires Special Resolution, alteration of AOA, and filing of Form INC-27 with the ROC. Minimum 7 directors, 3 directors, and Rs. 5 lakh paid-up capital required post-conversion.
Conversion from private to public company requires: (1) Special Resolution by shareholders; (2) Alteration of AOA to remove private company restrictions; (3) Form INC-27 filed with ROC; (4) Fresh Certificate of Incorporation issued. Post-conversion the company must have minimum 7 shareholders, 3 directors, and Rs. 5 lakh paid-up capital.
Section 18, Companies Act 2013; Rule 33, Companies (Incorporation) Rules, 2014
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