Let us have a brief understanding of what is private and public limited company.

Private Limited Company

A company that is privately held for small businesses. The liability of the members of a private limited company is restricted to the number of shares respectively held by them. The shares of a private limited company can’t be traded.

Public Limited Company

A company whose shares are traded on a stock exchange and can be purchased and traded by anyone. It is also called a publicly held company. As the name suggests, a public limited company is a company that offers company shares to the general public. The Company’s Act 2013 also defines a public limited company as one that has limited liability and offers company shares to the public. Anyone can acquire the stocks of such a company either through stock-market trading or via IPOs ( Initial Public Offerings).

Checklist requirements for conversion of a Private limited company

• DSC (Digital Signature Certificate) and DIN ( Director Identification Number ) of two directors.
• Preparation of MOA ( Memorandum of Association ) and AOA ( Articles of Association).
• PAN ( Permanent Account Number ) and TAN ( Tax Deduction and Collection Account Number) card.
• Name search, application and name reservation.
• CIN (Certificate of Incorporation).

Documents needed for conversion of private limited into a public limited company

• A copy of the directors’ PAN card.
• Passport size photographs of directors.
• Copy of Aadhar card or voter ID.
• Copy of the rental agreement.
• Electricity or water bill (Business place).
• The copy of property papers, if it is owned.
• Landlord NOC (No Objection Certificate) for providing the format.