Under Erstwhile Companies Act, 1956, there were 2 methods for Conversion of Private Company into Public Company which are as follows:
Documents Required for Conversion
Yes, you need a minimum of 3 Directors for a Public Limited Company.
Any individual/organization can become the member of the Public Limited Company including foreigners/NRI.
Raising capital through public issue of shares
Widening the shareholder base and spreading risk
Growth and expansion opportunities
Other finance opportunities
Transferability of shares