As per companies act 2013, a private limited company is a company incorporated under this act or previous act having a restriction in articles for not transferring its shares to the public and the maximum number of members is not more than 200. Were as a public company is a company which is not a private company.
As per section 14 of the company’s act 2013, a company should alter its article for having the effect of conversion private to a public limited company. So private companies need t to alter its article and need to remove its restriction form article for being a public company along with fulfilling the criteria for being a public company.
For conversion of the company private to a public company need to follow provision led down under section 18 and 14 followed with rule 33 (incorporation) rules 2014
A prerequisite condition for being a public company
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