Procedure to convert private company in to a public company

Convert a private company in to a public company

Procedure for converting a private company into a public company for converting a private company into a public company article has to be altered in such a man that the restriction with respect to transfer of shares number of members extra removed from it from the date of alteration the company seasons to be a private company a copy of altered article along with the fish should be filed with the registrar who share register the same.

Steps for converting a private company in to public company

1. Special resolution, Special resolution has to be passed to alter the article of the company to delete the restriction of section 268

2. Copy of resolution and altered article,

Within 15 days of passing the resolution copy of the same along with a printed copy of altered articles wrong with fees must be filed with the registrar of companies

3. Increasing the number of members if the number of member is less than 7 it must be raised to minimum 7

4. Increasing the number of directors. If the number of director is less than 3 it must be raised to minimum 3

5. Deleting the word private from the name of the company. The word private served be deleted from its name by passing special resolution.