Private To Public

Conversion of Company from Private to Public: Overview

The conversion of a company from private to public is a legal process governed by the Companies Act, 2013. This transformation changes the structure and dynamics of the company, affecting its operations, compliance requirements, and access to capital.

Process:

• Board Resolution: Obtain a board resolution approving the conversion. The resolution should outline the reasons for the conversion and authorize the filing of necessary documents.
• Shareholder Approval: Seek approval from shareholders through a special resolution. A special resolution must be passed in a general meeting with the requisite majority.
• Alteration of Articles of Association (AOA): Amend the Articles of Association to align them with the requirements for a public company.
• Filing with ROC: File necessary forms and documents with the Registrar of Companies (ROC), including Form MGT-14 for filing special resolutions and Form INC-27 for conversion.
• Compliance Requirements: Fulfill additional compliance requirements applicable to public companies, such as appointing independent directors and ensuring compliance with the listing requirements if the company intends to be listed on a stock exchange.

Documents Required:

• Board Resolution
• Special Resolution
• Amended Articles of Association
• Form MGT-14
• Form INC-27
• Updated statutory registers and records

Why Hire Lawtech for This Service:

• Legal Expertise: Lawtech provides legal expertise in company law and can guide you through the legal requirements of converting from a private to a public company.
• Compliance Assurance: Ensuring that all steps in the conversion process comply with the Companies Act, 2013, and other relevant regulations.
• Documentation Support: Lawtech assists in the preparation and submission of all required documents, including resolutions, forms, and amended articles.
• Strategic Advice: Offering strategic advice on the implications and considerations involved in the conversion, helping you make informed decisions.
• Timely Execution: Efficiently managing the conversion process to meet all deadlines and avoid penalties for non-compliance.
• Transition Planning: Assisting in the planning and execution of the transition, minimizing disruptions to the company’s operations.
• Post-conversion Compliance: Guiding through post-conversion compliance requirements applicable to public companies.
• Customized Solutions: Tailoring services to the specific needs and circumstances of your company.

By hiring Lawtech for the conversion of your company from private to public, you gain a partner with the legal acumen and practical experience to navigate the complexities of this significant transformation.