Take the essential choice of conversion by convening a board meeting by giving not less than 21 days. The notice in writing and fix up the place, schedule, and time for calling a general meeting to change the Articles of Association and so, the title, by particular objects.
At the aforesaid board assembly also take the choice of raising the paid-up funds to some amount as is deemed appropriate. To know about trading company check this link right here now.
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It could be said that the requirement of having a minimal threshold paid-up funds for both private and public limited companies has been pulled through the firms behave 2015 by amendments made to section 2(68) and two (71) of the 2013 act.
Convert Private Company to Public
See if the quorum of two members especially instant exists. The overall meeting and pass the special resolution to the next result:
(a) To delete these posts that need to include in the Articles of a Personal Company only. Such other articles that don't apply to a Public firm should be deleted and those that apply should be raised.
(b) Consequent to the above adjustments, to delete the phrase"personal" from its title.
Register the explanatory statements and the special resolutions passed with the worried ROC at e-Form MGT-14 within thirty-five days of the passing.
For effecting the conversion of a Private Business into a Public Company and vice-versa the application must be filed in e-Form INC-27.
When submitting the aforesaid e-Form electronically registers the copy of the explanatory statement and the special resolution with the stated e-Form as attachments.
The e-Form is signed by the manager or supervisor or CEO or CFO of the company duly approved by the board of directors.