Conversion of Private Limited Company into Limited Company

Conversion of status from a Private Limited Company to a Public
Company.
a) Form 11 – Special resolution for conversion of status
(Filed within 14 days from the date the resolution was
approved).
b) Form 18.
c) Statement in Lieu of Prospectus.
d) Copy of the company’s certification of incorporation.
e) Fees of RM300.00.

3. The following certificate(s) will be issued within five days from the date a
complete set of documents was received:
a) Form 20 – Certificate of incorporation on conversion to a
public company.
b) Form 19 – Certificate of incorporation on conversion to a
private limited company.
c) Form 16 – Certificate for incorporation on conversion to a
limited company.

If the conversion is by choice then provisions of SEC44 applies as follows...

1) Take necessary decission at board meeting and fix the time, place and agenda of the AGM

2) Pass a special resolution to change the name of the company by deleting the word Private and adding the word public. permission of central govt is not necessary for change of name.

3) Pass a special resolution deleting the restrictions specified in sec 3(1)(iii) of co's act and adding the provisions those applicable to public co's.

4) File the copy of special resolution so passed with the registrar of co's within 30 days of passing resolution.

5) In case the members are less than 7 then increase the membership to atleast not less than 7.

6) In case the no of directors are less than 3 then increase the directors to atleast not less than 3 .

7) File a prospectus or a statement in lieu of prospectus within 30 days of passing special resolution in the prescribed form.

8) The prospectus or statement in lieu of prospectus so filed should be in confirmity with part 1 and 2 of schedule 2 and with part 1 and part 2 of schedule 4 respectively.

9) The prospectus or statement in lieu of prospectus so filed shall be true and should not contain any misrepresentation which would misguide the investors.

10) If default is made in compliance with the provisions of this act then every person who is in default shall be punishable with a fine whcih may extend to rs 5000 for every day till the default continues.

Please send resolution format for the same

Pls tell me process of conversion of pvt ltd company into Limited company.specially what  are the papers prepared for it and pls also send the  format of statement in lieu of prospectus s per schdule IV and format of resolution.

please elaborate the procedures and formalities to convert a limited company to a private ltd company.

thank u

Procedure  

Thanks for sharing.

I know that an advertisement should be given for conversion from PUBLIC LIMITED to PRIVATE LIMITED Company.

Can anyone please inform me that how many days time should be given for the persons who are objecting the Conversion of PUBLIC LIMITED to a PRIVATE LIMITED?