- Process of converting sole proprietorsip/partnership firms into Private Limited Company;
- A Business takeover agreement or sale agreement to be created between proprietary/partnership firm and the company. Slump sale formalities are to be done to transfer all the assets and liabilities in new company’s name.
- Obtain Director Identification Number (DIN) and Digital Signature certificate (DSC) for all directors
- File form -1 to check the company name availability, you cannot register with an already existing name.
- Draft and file MoA and AoA specifying the business takeover objective
- Apply for the company’s incorporation
- Submit required documents, including; the Director’s PAN card, address proof, proof of business place ownership, rental agreements, utility bills, etc.
- Upon successful application review, Ministry of Corporate Affair (MCA) will issue a certificate of Incorporation and establishes the business form as a separate legal entity.
- Conversion of Private Limited Company into Public Limited Company
- Call board meeting for approval
- Conduct general meeting and pass special resolutions for the conversion, change in MoA and AoA’s clauses, etc.
- File form MGT – 14 and form INC-27 to RoC with copies of resolution, altered MoA, altered AoA, meeting minutes, etc.
- Obtain approval from RoC, and get certificate of incorporation as a public limited company.
Detailed process for conversion from private to public limited company
