Conversion of a Private company into a Public company involves alteration of article of association of Private Company u/s 14 which cannot be done without passing special resolution of Shareholders in the General Meeting

The shareholder’s approval for the Conversion of Private Company to Public Company will be taken in the resolution passed by all the shareholders in the Extra-ordinary General Meeting (EGM). The notice of EGM should be given not less than 21 days before the date on which the EGM is to be held.

The main advantage of forming a public limited company is the ability to list company shares on the Stock Exchange. This allows the company to raise capital by selling shares to the public. It also enables existing shareholders to buy and sell shares easily.

A private company out of its own free will can choose to convert itself into a public company. … By becoming public companies they can issue shares or debentures to the public and get the required amount of capital.