A private company that plans to raise money from the public can convert to a public company under the Companies Act.
Before you convert
- At least 3 directors and at least 7 members are needed.
- The articles of association must be altered to remove the private-company restrictions.
- The word “Private” is removed from the company name.
Typical steps
- Board meeting to approve the conversion and call a general meeting.
- Special resolution of the shareholders to alter the articles and name.
- Filing the resolution and the conversion form (INC-27) with the Registrar of Companies.
- Receiving the fresh Certificate of Incorporation, then updating PAN, bank, GST and other records.
After conversion
Additional governance and disclosure requirements for public companies apply. Conversion does not by itself list the company on an exchange.
Common questions
Is conversion the same as an IPO?
No. Converting only changes the company's status. An IPO or listing is a separate process.
This guide is general information, not professional advice. Rules, thresholds and timelines change, so we confirm the current position for your case before filing. Government fees are separate from our service charge and are quoted before work begins.