🏢 1. Introduction
Many companies that begin their journey as Public Limited Companies (PLCs) later opt to convert into Private Limited Companies (Pvt Ltd) for better control, compliance flexibility, and streamlined decision-making.
This step-by-step guide will walk you through the Public Limited to Private Limited conversion process in India, including 2024 updates, required documents, cost, and how to avoid common pitfalls.
📢 Latest MCA Update (2024): Companies (Incorporation) Third Amendment Rules, 2024, have made it easier to file Form MGT-14 and INC-27 for conversion purposes through simplified digital signatures and lesser attachment load.
📄 2. Types of Licenses/Approvals Involved
During conversion, these approvals and filings are required:
- ✅ Board and Shareholder Resolutions
- 📝 Special Resolution via EGM
- 📤 Form MGT-14: For Special Resolution
- 📥 Form INC-27: Application for conversion
- 🗂️ Revised MOA & AOA
- 🏛️ Registrar Approval via MCA Portal
👨💼 3. Who Needs These Services?
You should consider converting from Public to Private Ltd if:
- 🧑🤝🧑 You want to limit shareholder participation
- 🏦 Avoid mandatory listing and audit regulations
- 🧾 Ease your compliance burden under SEBI guidelines
- 📉 Planning to go private due to reduced fundraising needs
- 🛡️ Want to retain ownership control and minimize disclosures
🛠️ 4. Why Choose a License Registration Service Provider?
Professional assistance ensures:
- 📁 Complete handling of legal paperwork
- 🧾 Timely MCA e-filings of MGT-14 and INC-27
- 🧠 MOA & AOA restructuring as per Private Company rules
- ✅ No errors or rejections
- 📊 Post-conversion ROC compliance support
📝 5. Step-by-Step Registration Process
✅ Step 1: Board Meeting
- Pass a resolution approving the conversion.
✅ Step 2: Hold EGM (Extraordinary General Meeting)
- Pass Special Resolution approving conversion.
✅ Step 3: File MGT-14
- File within 30 days of passing Special Resolution.
✅ Step 4: File INC-27
- Attach revised MOA, AOA, and other documents.
✅ Step 5: ROC Approval
- Once approved, the Registrar issues new COI with updated company status.
📑 6. Required Documents
- 📃 Board Resolution
- 🧾 Special Resolution (EGM)
- 📝 Altered MOA & AOA
- 🗂️ List of existing shareholders and directors
- 🪪 PAN, Aadhaar, DIN of directors
- 💻 DSCs of authorized signatories
💰 7. Cost Involved
| Service | Estimated Cost |
| Professional Fees | ₹6,000 – ₹15,000 |
| MCA Filing Fees | ₹2,000 – ₹3,000 |
| Notary & Stamp Duty | ₹500 – ₹1,000 |
| Total | ₹8,500 – ₹19,000 |
🔎 Costs may vary based on company size, number of shareholders, and state jurisdiction.
⏱️ 8. Time Taken
| Stage | Duration |
| Preparation | 2–3 days |
| MGT-14 & INC-27 Filing | 2–5 days |
| MCA Approval | 5–7 working days |
| Total | 7–10 days |
⚠️ 9. Common Mistakes to Avoid
- ❌ Not altering MOA & AOA as per Private Company norms
- ❌ Delay in filing MGT-14 within 30 days of EGM
- ❌ Incorrect digital signatures (expired DSCs)
- ❌ Missing attachments in INC-27
- ❌ Not updating PAN/TAN & other registration authorities post-conversion
📞 10. Call-to-Action (CTA)
Need expert help converting your Public Limited Company into a Private Limited Company?
📧 Email us at: opriyatrendingpvtltd@gmail.com
📱 WhatsApp: +91 7588756518
🌐 Visit: www.opriyatrending.in
We’ll help you convert seamlessly with zero hassle.
❓ 11. FAQs
Q1: Can a listed public company convert into private limited?
Only unlisted public companies can apply for conversion. Listed ones must first delist.
Q2: Is NCLT approval needed?
No, NCLT approval is not required since 2017 amendment—only ROC/MCA approval is required.
Q3: Is it mandatory to conduct EGM?
Yes, EGM with shareholder special resolution is required.
Q4: Can we retain the same company name?
Yes, but it must end with “Private Limited”.
Q5: Will there be a new Certificate of Incorporation?
Yes, ROC will issue a fresh COI with updated company type.
