Company Conversion

(Online Process/Free Consultation)

Company Conversion services Provided by Legal Time:

1. Private Limited Company to Public Limited Company
2. Public Limited Company to Private Limited Company
3. Private Limited Company to LLP
4. OPC to Private Limited Company

Contact for Company Conversion

What is the Meaning of Conversion?

Section 18 of the Companies Act, 2013 allows an existing Company to convert itself as a Company of other class by altering its memorandum and articles of association in the manner prescribed in Chapter II of the Companies Act 2013. Section 13 provides for alteration of Memorandum of Association whereas Section 14 provides for alteration of Articles of Association.

Various Services Provided by Legal Time for Company Conversion:

  1. Private Limited Company to Public Limited Company
  2. Public Limited Company to Private Limited Company
  3. Private Limited Company to  LLP
  4. OPC to Private Limited Company
1. Private Limited Company to Public Limited Company

Conversion of Private Company into a Public Company opens a whole new world  of opportunities, especially in the form of fundraising and reach of the market. The company can raise funds through Public Issue and accept deposits too. The conversion will be followed by the approval from MCA and alteration to MoA & AoA.

Further, a minimum of 7 members and 3 directors are required for conversion of Private Limited to Public Limited. The rights, liabilities, powers, and obligations remain the same for the company even after the conversion. Transfer of shares is possible as the restriction on transfer is removed on conversion.

Procedure for Conversion:

  1. Calling of Board Meeting & issue Notice of  EGM 
  2. Holding of Extra Ordinary General Meeting
  3. Filing of e-Form MGT-14 with ROC within 30 days of passing  special resolution for conversion along with altered MOA & AOA & CTC of Board Meeting.
  4. Filing of e-Form INC-27 application for conversion of Private Limited into Public Limited Company.
2. Public Limited Company to Private Limited Company

Private Companies enjoy many relaxations & benefits as compare to Public     Companies many Public Companies in order to enjoy such benefits converted into  Private Companies. Further, a minimum of 2 members and 2 directors are required for conversion of Public Limited to Private Limited. 

Procedure for Conversion:

  1. Calling of Board Meeting & issue Notice of  EGM 
  2. Holding of Extra Ordinary General Meeting
  3. Filing of e-Form MGT-14 with ROC within 30 days of passing  special resolution for conversion along with altered MOA & AOA & CTC of Board Meeting.
  4. Filing of e-Form INC-27 application for conversion of Private Limited into Public Limited Company.
3. Private Limited Company to LLP

Limited Liability Partnerships, LLP is a unique and new form of business that combines the advantages of both ‘Company’ and ‘Partnership’ in a single business entity. This was introduced in India in 2008 with the approval of the Limited Liability Partnership Act, 2008.

LLP is governed by the LLP Agreement executed by the Partners. It has lesser compliance requirements and it is easier to operate. It preserves the benefits of a partnership with providing security and credibility to a company. The conversion of Private limited to LLP must be followed by the approval of the Ministry by the online application providing necessary documents. Further, the operations and management come directly in hands of the LLP partner(s) unlike in Private Company where it is with the director(s).

Procedure for Conversion:

  1. Convene a Board Meeting to pass resolution for Conversion of Company into LLP 
  2. Reserve the Unique name using RUN-LLP on MCA.
  3. File form for incorporation of LLP(FiLLiP)
  4. File e-Form 18.
  5. File Form 3 within 30 days of incorporation of LLP.
4. OPC to Private Limited Company

A new approach has been introduced in the Company’s Act 2013, about the One Person Company (OPC). A OPC  can be formed with just 1 Director and 1 member. Converting One Person Company to a Private Company can open avenues to pursue additional benefits such as fund raising. An OPC can voluntarily convert itself only after 2 years of its incorporation & it is mandatory for an OPC to convert into  Private Company in case paid-up  capital of OPC exceeds Rs. 50 Lakhs & average annual turnover of preceding 3 years exceeds Rs. 2 crores. With its conversion into Private Company, minimum 2 shareholders and directors must be appointed to fulfil the minimum requirement.

Procedure for Conversion:

  1. Calling of Board Meeting & issue Notice of  EGM 
  2. Holding of Extra Ordinary General Meeting
  3. Filing of e-Form MGT-14 with ROC within 30 days of passing  the resolution for conversion along with altered MOA & AOA & CTC of Board Meeting.
  4. Filing of Form INC-5 in case of Compulsory Conversion within 60 days of passing the resolution to ROC.
  5. Filing of Form INC-6 in case of Voluntary Conversion within 30 days & in case of Mandatory Conversion within 6 Months of passing the resolution.

Why Choose us

1. STARTUP’S FIRST CHOICE

We ensure startups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery startups prefer us to do Company registration.

2. TECHNOLOGY DRIVEN PLATFORM

100% Technology driven platform to speed up your company registration process and make your life easy

3. BEST PRICING

We understand the value of money for startups. We offer complete transparency and affordable cost to startups.

4. 100% ONLINE SERVICE

Fully online service so that you can start and complete the process without running around from the comfort of your home or office.

5. EXPERT PROFESSIONALS

At Legal Time, we work only with experienced Chartered Accountants & Company Secretaries to handle your company registration.

Get a free consultation for Company Conversion by scheduling an appointment with Legal Time.

Documents Required

PAN CARD

Pan Card of Shareholders & Directors

Foreign Directors must provide a valid Passport notarized or apostilled

PHOTOGRAPH

Latest Passport size photograph of Shareholders & Directors.

IDENTITY PROOF

Aadhar Card/ Voter ID/Passport/ Driving Licence of Shareholders & Directors.

ADDRESS PROOF

Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.

INCORPORATION DOCUMENTS

Certificate of Incorporation, MoA & AoA to be provided.

FINANCIAL STATEMENTS

Duly certified copy of latest audited Financial Statements

INCOME TAX RETURN

ITR filed for the previous financial year to be submitted

FOR REGISTERED OFFICE

Rent agreement

Utility bills-telephone, electricity, and municipal (Not older than 2 Months)

NOC From Owner.

Get a free consultation for Company Conversion by scheduling an appointment with Legal Time.

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