I want to convert my private limited company to a public limited company in Bilaspur — what is the process?
VE Asked by Veena Shastri from India
Quick Answer
Conversion is governed by Section 14 of the Companies Act, 2013 and requires a special resolution, altered MOA and AOA, and a minimum paid-up capital of ₹5 lakh.
Detailed Legal Analysis
Conversion is governed by Section 14 of the Companies Act, 2013 and requires a special resolution, altered MOA and AOA, and a minimum paid-up capital of ₹5 lakh. You must file Form MGT-14 and INC-27 with the RoC, along with a compliance certificate, in Bilaspur.
Disputes arising from conversion are appealable to the Chhattisgarh High Court under Section 61. The converted entity's premises in Chhattisgarh must continue to comply with Chhattisgarh Rent Control Act 2011 regarding the Chhattisgarh Shops and Establishments Act.
The company must also appoint a minimum of three directors and issue a prospectus or file a statement in lieu of prospectus. Ensure compliance with SEBI listing norms if shares are to be listed.
Legal Provisions Referenced
Verify the current statutory text at India Code (the official repository of Indian legislation) or the Legislative Department. This answer is general legal information, not advice on your specific matter.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.