ComplyKart Services
Convert your Public Company into a Private Company — handled by ComplyKart experts, without the paperwork headache.
Package inclusion:
-
Best Consultancy by Expert CA
-
Filing of Form-14, INC-27
-
Publish Advertisement
-
Petition preparation and Forms filing
-
Post conversion compliances
Get a call back
Your details stay private — we only call about this enquiry.
Experience behind every filing
A quick snapshot of the work so far.
Fees
Fees and packages for public limited to private limited
Every requirement is a little different, so we quote after a short discussion — the consultation itself is free.
Public Limited to Private Limited
Talk to a ComplyKart expert — we’ll understand your requirement and share an exact written quote before you pay anything.
Public to Private Limited Conversion Package Inclusions
- NCLT approval route assessment for conversion
- Special resolution and creditor NOC compilation
- Petition drafting and filing with NCLT
- ROC filings after NCLT order
- New Certificate of Incorporation follow-up
Overview
PUBLIC COMPANY INTO PRIVATE COMPANY
Now a days Compliances are getting more-stricter for Public Limited Companies and penalties are getting more stringent for large entities, due to which many of public Companies are willing to convert themselves into Private Companies. There are number of exemptions given to private Companies. ComplyKart is the Industry leader in the helping Corporates in complying with the Rules with passion
What is a Public Company
A Public company is a type of entity that requires minimum 3 Directors and 7 Shareholders which can be increased upto unlimited. Businesses opt to become Public Companies as they plan for greater expansion. There is no restriction in the transferability of the shares in a Public Company. There are different sets of rules that a Public Company is required to follow.
What is a Private Company
Private limited company is the most sought-after form of Business where the growth is abundant with less risk of liabilities. Private Limited Company is a form of business which can be registered with only 2 persons and enjoy the benefits of being a Limited Liability Company. Some features of Private Limited Companies include restriction in transferability of shares, limitation of maximum number of members to 200 and prohibition to the public to subscribe for any securities of company. Private Limited Company enjoys many exemptions provided by Ministry of Corporate Affairs
Benefits
Advantages of a Private Company
Open each benefit to see what it means for you.
Less Compliances
Unlike public company a private company does not required to follow more stringent rules, there are number of exemptions given to the Private Companies which makes it hassle-free business
Control in Own Hands
As a Private Company does not include more public interest they don’t need to scatter their funds or management. The control of overall Company remains in the hands of small group of people
Limited Liability
The liability of the Shareholders and Directors of a Company are limited to the extent of their holdings i.e. to the amount their Shareholding.
Less Expenditure
Since the nature of a Private Company is more closed, there are very less expenses to be born by the Company in terms of management and Compliances.
Documents
Documents Required
Clear, current documents matter more than a long checklist. Names, dates of birth and addresses should match across records.
Documents Required
Process
Procedure of Conversion
You’ll see each stage, what’s pending and what we need from you — so filings don’t bounce back.
Convene Board Meeting
The first step is to convene the Board Meeting and get the approval of Directors for conversion by altering the AOA of company
Convene Extra-Ordinary General Meeting
Convene the meeting of Shareholders and obtain the prior approval for conversion of Public to Private and alteration of Memorandum and Articles of Company
Filling of MGT-14
File Form MGT-14 within 30 days with copies of Special Resolution and Explanatory Statements, and printed altered Articles and Memorandum
Advertisement
The Petition to be filed to Regional Director is to be advertised in 1 vernacular newspaper and 1 English newspaper having widely circulation in the state of Registered Office Company
File Application with Regional Director
File the Petition in Form RD-1 within 60 days from passing of Special Resolution with copy of altered Memorandum and Articles, minutes of General Meeting, Board Resolution for conversion
INC 28
Once RD approves the conversion, the company need to file Form INC-28 with the concerned ROC along with copy of order within 30 days of order.
Why ComplyKart
How ComplyKart can help you
You should know who’s doing what. Open a stage to see how the work is shared.
Consulting & Strategy
Our conversion experts will give you the best consulting and prepare the strategy for conversion of your Public Company...
Client’s growth
Our services are aimed at achieving growth for clients. We can provide necessary guidance for understanding the conversi...
Competence is our strength
We make every effort to stay updated with the rules and regulations by MCA. This enables us to deal with client’s needs...
Always there for you
The assurance of a dedicated workforce including support staff and managers can be a promising factor in the conversion...
Post Conversion Compliance
Once the conversion is approved by the Authority you need to comply with certain rules which we help you to Comply and k...
If a founder or investor is outside India
Foreign ownership is possible in many sectors, but it adds document authentication, banking and FEMA work. Set the route before funds move.
Plan before you start
- Check whether your sector permits automatic-route foreign investment
- Confirm the Indian resident director arrangement
- Map ownership, beneficial ownership and pricing
- Allow time for apostilled or consularised documents
Plan for after setup
- Receive funds through permitted banking channels
- Complete RBI/FEMA reporting and keep the bank evidence
- Coordinate tax and ongoing compliance advice early
What clients say about working with us
Real stories from businesses we've worked with.
Our Trademark was applied in all the classes with a short span of time by Complykart Trademark Experts and I can say the level of expertise and commitment they carry is remarkable. It's an A+ from my side. We are now sticking to ComplyKart only.
I found the professionalism of the staff at complykart.com, a pleasure to work with. As a foreigner to India, they took the time to explain the documentation and assisted in every question I raised. I was pleased that complykart.com made it easy for my Business.
Trust, Commitment, Dedication and responsiveness are the best things with ComplyKart. Thanks for handling our Merger assignment with so much care. After my business disputes, complykart handles all things with own sense of understanding.
Get a free consultation
Talk to a ComplyKart professional about public limited to private limited — no obligation, no spam.