No. of a public limited company

Akshay (Querist) 16 November 2013 This query is : Resolved
Dear Sir,
Please provide me with the solution of my query.
A company Which was a private limited company earlier, now turn to a public limited company. The company has 4 Shareholders And as per the companies act minimum requirement of members for a public company is 7.
My Question is...
how many time, company has to increase the no. of shareholders ?

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prabhakar singh (Expert) 16 November 2013
May i seek your permission to state that the problem posed in your mind is not clear.

A conversion of a company from private ltd. to public ltd.is not an ipso facto phenamena.

The existing entity has to go with exercise of passing resolutions, amendments in MOA/AOA etc complying with Act and applying
to ROC who issues COC OF BUSINESS once getting satisfied with statutory compliance.So unless conversion is sought with 7 share holders ,no COC of Business would be issued.And this is minimum number required with no maxima restrain is there.
It is pvt.ltd whose maxima is fixed as 50.