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We handle the complete process for your Pvt to Public Ltd right here in Mumbai (Mazgaon). Get certified quickly and legally with our expert local team.
Professional Fee: ₹11,499 | Govt Fee: ₹5,000 | Total: ₹16,499 (incl. govt fees)
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Converting a Private Limited Company into a Public Limited Company is a monumental milestone in the corporate lifecycle of a scaling enterprise. Governed by Sections 14 and 18 of the Companies Act, 2013 and executed via statutory Form INC-27, this strategic transformation removes all restrictive private ownership clauses—specifically the statutory restriction on the transferability of shares, the prohibition on inviting the public to subscribe to securities, and the cap of 200 maximum members. By achieving Public Limited status, a company unlocks the unrestricted legal capacity to raise growth capital from the general public, issue commercial paper, onboard institutional private equity funds, and prepare for an Initial Public Offering (IPO) on the BSE or NSE stock exchanges.
The conversion process requires meticulous corporate secretarial precision, as the company must amend its foundational charter documents—deleting private company restrictions from its Articles of Association (AoA) and removing the word "Private" from its Memorandum of Association (MoA). Furthermore, the corporate structure must be expanded to satisfy public company statutory thresholds: increasing the shareholder base to a minimum of seven (7) members and expanding the Board of Directors to a minimum of three (3) directors. At IPRO, our senior Company Secretaries and capital market advisors manage the entire transition ecosystem—from drafting comprehensive Board and EGM resolutions to filing Form MGT-14 and Form INC-27 with the Registrar of Companies (ROC), ensuring your Certificate of Incorporation is updated without regulatory bottlenecks.
Transparent, all-inclusive – no hidden line items.
Inclusive of professional + estimated govt fee
I-Pro specialist handling, drafting & filing
Statutory fee, passed through at cost
Professional Fee: ₹11,499 onwards | Govt Fee: ₹5,000 | Total: ₹16,499 (incl. govt fees)
Gather these documents for your Mumbai (Mazgaon) application.
The starting fee of ₹16,499 covers specialist consultation, document preparation, the government filing fee, and tracking until you receive the final certificate. Additional government fees may apply for objections, renewals, or expedited processing.
Turnaround depends on the specifics of your case. Once I-Pro Solutions scopes your requirements, I-Pro Solutions will give you a realistic timeline with milestones.
Most filings require identity proof (PAN/Aadhaar/passport), address proof, business registration documents, and (for IP filings) examples of use. An I-Pro Solutions specialist will send a tailored checklist within 24 hours of starting.
If a filing is rejected due to an error by I-Pro Solutions, I-Pro Solutions will refile at no extra cost and refund the service fee. If the rejection is due to information you provided, I-Pro Solutions will work with you to fix and refile at a discounted fee.
Converting into a Public Limited Company removes the statutory restriction on transferability of shares and the cap of 200 members. It allows the company to raise capital from the general public, issue corporate bonds, onboard institutional private equity funds, and prepare for an Initial Public Offering (IPO) on stock exchanges.
Section 14 governs the alteration of the Articles of Association (AoA) of a company, which is mandatory for removing private company restrictions during conversion. Section 18 allows a company of any class registered under the Act to convert itself into another class of company by altering its MoA and AoA and obtaining ROC approval.
A Public Limited Company requires a minimum of seven (7) shareholders (members) with no upper limit, and a minimum of three (3) Directors on the Board. At least one director must be an Indian resident.
Form INC-27 is the formal statutory application filed with the Registrar of Companies (ROC) for converting a Private Limited Company into a Public Limited Company. It must be filed within 15 to 30 days of passing the Special Resolution at the EGM, accompanied by the altered MoA/AoA and MGT-14 approval.
Under Section 117 of the Companies Act, any Special Resolution passed by shareholders (such as approving corporate conversion and altering MoA/AoA) must be mandatorily registered with the ROC by filing Form MGT-14 within 30 days of the EGM. Form INC-27 cannot be approved without a valid MGT-14 filing SRN.
No, under the Companies Amendment Act, the historical minimum paid-up share capital requirement of ₹5,00,000 (Five Lakh Rupees) for public companies was abolished. You can convert with your existing paid-up capital, though increasing authorized capital is recommended for future fundraising.
No, the ROC will strictly reject Form INC-27 if the company has any overdue annual returns (MGT-7), financial statements (AOC-4), or unpaid statutory penalties. All historical compliance backlogs must be fully audited and cleared before initiating conversion.
In the MoA, the word "Private" is deleted from the name clause (e.g., Apex Tech Private Limited becomes Apex Tech Limited). In the AoA, the three restrictive clauses under Section 2(68)—restricting share transfer, capping members at 200, and prohibiting public subscription—are entirely deleted.
Yes, under Section 29 of the Companies Act read with Rule 9A of PAS Rules, every public company must issue all new securities only in dematerialized form and must facilitate the dematerialization of existing physical share certificates by obtaining an ISIN from NSDL or CDSL.
With IPRO's secretarial workflow, the entire conversion—including board approval, 21-day EGM notice, passing Special Resolution, MGT-14 filing, and INC-27 ROC approval—is typically completed within 20 to 30 working days.
Under corporate law, the legal personality of the company remains unchanged; only its class changes. Therefore, all existing commercial contracts, bank accounts, property titles, GSTIN, and business licenses continue seamlessly. You simply submit the fresh Certificate of Incorporation to banks and authorities to update the name.
Under Section 203 of the Companies Act read with Rule 8A, every public limited company having a paid-up share capital of ₹10 Crores or more must mandatorily appoint a full-time whole-time Key Managerial Personnel, including a qualified Company Secretary, Managing Director, and CFO.
A Secretarial Audit is a specialized compliance audit conducted by an independent practicing Company Secretary. It is mandatory for every public company having a paid-up share capital of ₹50 Crores or more, or a turnover of ₹250 Crores or more. The MR-3 audit report must be annexed to the annual Board Report.
Yes, a Public Limited Company can be re-converted into a Private Limited Company under Section 14 by passing a special resolution and obtaining formal statutory approval from the Regional Director (RD) of the Ministry of Corporate Affairs.
IPRO provides a practicing CS-led restructuring team that ensures your conversion is executed with 100% statutory precision. I-Pro Solutions handle MGT-14 and INC-27 filings flawlessly, assist with shareholder expansion and ISIN demat setup, and prepare your corporate governance framework for future PE funding and IPO readiness.