Board Meetng post conversion of private company to public co

1527 views 4 replies

Kindly solve some of my queries regarding conversion of Pvt. Ltd Co into Public Ltd Co. u/s 44 of the Companies Act, 1956 :

1. Will converted co. issue fresh share certificates, if not how will the existing shares reflect the new change ?

2. In this case a Co. issue a general notice in news paper regarding conversion, is it sufficient or Co. requires any special notice to Exise, Custom or any other regulatory authority regarding its conversion

3. Is it required to obtain certificate of commencement of business

Replies (4)

Hello,

1. No need to issue fresh share certificate. Simply prepare stickers of new name of the company and dispatch them to the existing shareholders. This is practically and legally allowed. For me there is no doubt about that.

2. News paper intimation is fine. But you need to intimate the specific authority like excise or custom etc. in a proper way. Prepare a covering letter regarding change in status. Attach duly certified GM resolution and new certificate of incorporation with covering letter and forward the same to the concerned authority.

3. No need to obtain certificate of commencement of business.

Best Regards

APPLICABILITY OF SECTION 165

Further if your private company converts itself in to public company within 6 months of incorporation as a private company then section 165 is applicable to your case and you have to convene statutory meeting.

In other words if your private company convert itself in to public company after 6 months of incorporation then section 165 is not applicable.

Best Regards

Pls tell me the resolutions to be passed in the Board meeting and in General meeting regarding conversion of private company to public company.

Pls reply to my above query. Also pls provide me draft of Statement in Lieu of Prospectus (SLP) and Consent letter of auditor for including his name in SLP.

Its urgent.

Thanks in adv.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details