1. Obtain Consent:

• Obtain consent from the shareholders of the Private Limited Company for the conversion. This may require passing a special resolution at a general meeting of the shareholders.

2. Draft Conversion Documents:

• Prepare necessary documents for conversion, including the memorandum and articles of association (MOA and AOA) of the Public Limited Company. The MOA and AOA should comply with the requirements of the Companies Act, 2013.

3. Compliance with Regulatory Requirements:

Public Limited Company:

• Check the availability of the proposed company name with the Registrar of Companies (ROC). Ensure that the proposed name is not similar to any existing company names.
• File Form INC-27 (Application for Conversion of Private Company into Public Company) with the ROC along with the required documents, including the MOA, AOA, and other statutory documents.
• Obtain approval from the ROC for the conversion.
• Obtain a fresh Certificate of Incorporation from the ROC reflecting the conversion into a Public Limited Company.

4. Alteration of Share Capital:

• If there is an increase in the share capital of the Public Limited Company compared to the Private Limited Company, ensure compliance with the relevant provisions of the Companies Act, 2013, regarding alteration of share capital.

5. Compliance with Other Legal Formalities:

• Comply with other legal formalities, such as payment of stamp duty on the altered MOA and AOA, if applicable.

6. Update Statutory Records:

• Update statutory records and registers of the Public Limited Company to reflect the conversion. This includes updating the register of members, directors, and other statutory registers.

7. Taxation and Other Compliance:

• Ensure compliance with tax laws, including filing of income tax returns, obtaining Goods and Services Tax (GST) registration if applicable, and complying with other regulatory requirements.

8. Professional Assistance:

• Seek assistance from legal advisors, chartered accountants, or company secretaries experienced in corporate law and compliance to ensure the smooth conversion of the Private Limited Company into a Public Limited Company.
• Consult with tax experts to understand the tax implications of the conversion and plan accordingly.

Note:

• The conversion process may vary depending on the specific circumstances and requirements of the Private Limited Company and the applicable laws and regulations.
• It’s essential to carefully evaluate the legal and regulatory requirements and seek professional guidance to ensure compliance with the applicable laws and a smooth transition process.