Convert Public Limited Company to Private Limited Company
Need to Update
- No Hidden Charges
- Lowest Price Guarantee
No Hidden Charges
Lowest Price Guarantee
Four Steps to Get Your Incorporation Certificate
Fill the Form
Provide business details
Add to cart
Pay the required fee online
Submit Documents
Upload required papers
Certificate delivery
Official Document Delivery
Find the best plan for your needs
Basic Plan
+GST
- Consultation on Removal Process
- Preparation of Required Documents
- Filing of Form DIR-11
Standard Plan
+GST
Basic Plan
+
- Share Certificate Transfer Assistance (If applicable)
- Assistance with DIR-3 KYC (if required)
Premium Plan
+GST
Standard Plan
+
- Digital Signature Certificate
- Assistance in Updating GST, PT, ESI, PF Records
- Dedicated Account Manager
Overview
Converting a Public Limited Company into a Private Limited Company is a strategic business decision that provides greater control, reduced compliance burdens, and operational flexibility. As per the Companies Act, 2013, this conversion requires approval from the Board of Directors, Shareholders, and the Registrar of Companies (ROC).
The entire process typically takes 30 to 45 days, depending on the accuracy of documentation and regulatory approvals.
Benefits of Converting to a Private Limited Company
Need to Update
Less Regulatory Compliance
Avoid strict SEBI and stock exchange regulations.
Lower Financial & Reporting Burden
Fewer disclosure and audit requirements.
Easier Management & Operations
Simplified company structure with fewer statutory restrictions.
More Control Over Decision-Making
No interference from public shareholders.
No Minimum Capital Requirement
Flexibility in capital structuring.
Eligibility Criteria for Conversion
To convert a Public Limited Company into a Private Limited Company, the company must meet the following conditions:
Approval from Shareholders & Directors
Minimum of 2 Shareholders (instead of 7 in a Public Company)
At Least 2 Directors (instead of 3 in a Public Company)
Amendment of Memorandum & Articles of Association (MoA & AoA)
Registrar of Companies (ROC) Approval
Documents Required for Conversion
Need to Update
Board Resolution & Special Resolution Copies
Latest Audited Financial Statements
Updated Memorandum & Articles of Association (MoA & AoA)
Declaration from Directors confirming compliance with Companies Act, 2013
List of Directors & Shareholders
No Objection Certificate (NOC) from Creditors (if applicable)
Process for Conversion
Need to Update
- Issue a Board Meeting Notice to all directors.
- Pass a Board Resolution approving the conversion and authorizing a director or company secretary to initiate the process.
- Approve the modification of the Memorandum of Association (MoA) & Articles of Association (AoA) to reflect the new private company status.
- Send a General Meeting Notice to all shareholders at least 21 days before the meeting.
- Conduct an Extraordinary General Meeting (EGM) and pass a Special Resolution approving the conversion.
- Update the MoA & AoA to remove restrictions applicable to public companies.
- File Form MGT-14 within 30 days of passing the Special Resolution.
- File Form INC-27 with ROC along with:
- Certified copy of the Special Resolution.
- Amended MoA & AoA.
- List of Shareholders & Directors.
- Latest Audited Financial Statements.
- Declaration from Directors & Board confirming compliance with the Companies Act, 2013.
- No Objection Certificate (NOC) from Creditors (if applicable).
- The Registrar of Companies (ROC) reviews the application and ensures compliance with all legal provisions.
- Upon successful verification, the ROC issues a Fresh Certificate of Incorporation, officially changing the company’s status to a Private Limited Company.
- Update company records, legal agreements, and business documents.
- Notify banks, tax authorities, suppliers, and stakeholders about the conversion.
- Ensure compliance with new corporate governance norms applicable to Private Limited Companies.
Note: Need to update
