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Conversion from Private to Public

Home Conversion from Private to Public

investing in zimbabweA private company may, at any time, pass a special resolution to change its status from being a private company to being a public company. This will free up the company’s ability to raise capital from the public. Within 30 days of passing the resolution referred to above, a copy of special resolution, a copy of altered articles, together with a copy of 'prospectus' or a 'statement in lieu of prospectus' must be filed with the Registrar of Companies.

A public limited company is the only corporate form of organization which is allowed to raise funds from general public. Thus it enjoys better avenues for raising capital. It can issue debentures, secured as well as unsecured, accept deposits from the public, etc. Banking and financial institutions prefer to render large financial assistance to Public Limited Companies. Even a closely held Company can operate as a Public Company without diluting promoters’ stake.

Public Limited Companies, as compared to other business forms, enjoy better recognition in the market and bestows confidence in the stakeholders.

Many companies have approached VCS in the past to assist in converting companies from private to public and have had the opportunity to enjoy our excellent service. We are very proud because what may be a hassle to our clients is exactly what we do best.

To contact us please send us an email on info@vcsafrica.com and one of our consultant will be in touch with you to understand your needs.

Take the next step with Virtual Corporate Services today.
Contact us on info@vcsafrica.com
and one of our consultants will be in touch with you to discuss how VCS can work with you to realise your goals of incorporation and business.

free 30 Minute consultation

Virtual Corporate Services provides complete company registration and company secretarial solutions for both domestic and offshore structures. Your complimentary 30 minute consultation is waiting, just contact us at info@vcsafrica.com and you will get to talk with an experienced professional today. You will get the answers you need to make the right decisions for your business.
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