Snapshot on conversion of Private company to Public Company
For changing the status to Public limited company, we need to alter Memorandum of Association and Articles of Association of company. Change in the name becomes complete and effective only on the issue of fresh Certificate of Incorporation by the ROC in the changed name. Further Corporate Identity Number (CIN) of your company will also change with the change of your status of company.
However, now company must have minimum three directors, seven members (shareholders) and a paid-up capital of Rs. 5 lakh, all of which are necessary for a public limited company.
We at VyaparFormations would assist you in converting the status to Public Limited Company.