The status of the Company can be changed from Private Limited into a Public Limited Company by fulfilling the following requirements.

• Increase the paid up share capital of the Company to Rs.5 lakhs.
• Increase the number of Directors to 3.
• Increase the number of shareholders to 7.
• Pass a resolution of the Board of Directors of a Company for alteration of the provisions of the Memorandum of Association and Articles of Association of the Company. The Memorandum and Articles shall be altered in such a way that restrictions imposed on a private Company are excluded.

Eg : Restrictions of Transfer of shares

• Convene an AGM/ EGM for getting the members approval through Special Resolution for

• conversion of the Private Company into a Public Limited Company.
• Change of name of the Company by deletion of the word "private".
• After a resolution has been passed, the Company shall file the following documents with the Registrar of Companies.

• File Form 23 –Special Resolutions within 30 days from the date

Of passing of the resolution.

• File Form 62 – Form for submission of documents with ROC

- Statement in lieu of Prospectus in Schedule IV of

Companies Act,1956,if applicable , which shall be signed by all the Directors of the Company.

- List of shareholders as on the date of conversion.

- List of Directors as on the date of conversion.

- Certificate from an Auditor that the Company has complied

with the provisions of Section 58A of the Companies Act 1956

- Altered MOA/AOA of the Company.

- Copy of Form-2 (Return of Allotment) if made by the Company