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LEGAL TEMPO

All Legal Services Under One Bucket

  • Trade Mark Registration, Copyright Registration, Company Incorporation, Company Registration, Logo Registration, Trade Mark Search, Trade Mark Opposition, Divorce Lawyer Delhi Shipping Disputes, Debt Recovery, Import Export, Insurance Claim, Business Contract, Lease Agreement, Arbitration, Consumer Lawyer, Deficiency in Service, Cheque Bounce, Custom Duty, G.S.T, GST Show Cause Notice, Design Registration, Patent Registration

    Private Limited to Public Limited

    Conversion of Private Limited to Public Limited

    A Public Company has seven or more members and can invite public to subscribe to its shares. A subsidiary company of a Public company is deemed to be a Public company.

    A Private company is an organization which limits its number of members to 200 and cannot invite public to subscribe to its shares. The Companies Act, 2013 provides for converting a Public Company to a Private Company by altering the MOA and AOA of the company.

    The main advantage of Public Company is that it can raise reserves at a large scale without approaching banking system and reducing debt whereas Private Companies which are privately owned, all the reserves are raised by existing members, shareholders and promoters. If a Private company goes public then the risk is also shared among the shareholders. Public companies once recorded, get indirect promotions and support through stock exchange websites where their stocks are recorded.