Changing the type of joint stock company from PJSC to PrJSC

PJSC and PJSC are not independent organizational and legal forms, so it is quite easy to change the type of joint stock company from public to private. In this case, there is no need to notify the existing changes to creditors, draw up a transfer deed or approve the transformation plan, because such a change is not considered a transformation.

All that needs to be done to change the type of JSC - to conduct a state registration of changes, having previously made appropriate changes to the statute. To cope with this procedure without undue difficulty and in strict accordance with the law, seek professional legal assistance from the law firm "OLSON LVIV".

Changing the type of blood pressure is easier and more profitable than changing it

The fact is that after the transformation into a company, the obligation to re-register land for the right to lease is imposed. If you simply change the type of JSC, you can continue to use existing acts on the right of permanent use of selected land. Obviously, the first scenario costs the company much more.

Another reason to take the opportunity to change rather than change the type of JSC is the need for all shareholders to become founders of a new company. Sometimes it is almost impossible to recover the necessary information about shareholders. It is much easier and faster to go through the procedure of changing the type of joint stock company, especially since it happens without unnecessary problems, and the information in the Central Depository is updated automatically.

PJSC and PJSC: why do organizations change the type of activity?

There are several other important reasons for changing the type of blood pressure. Thus, by becoming a PJSC, it is possible to prepare reports according to the national standard, and not according to the criteria of IFRS. And the cost of publishing annual reports is several times cheaper. So, these moments are enough to optimize the company's finances.

In addition, the composition of the PJSC bodies is simplified, it is possible not to create committees for the supervisory board, there are fewer requirements for the voting procedure, and the law requires the publication of only separate reports and notices of the meeting on the organization's website.

Algorithm for changing the type of company:

• Appeal to the Ukrainian law firm "Olson Lviv", get advice and create a new statute and all necessary provisions
• The shareholders' meeting is also held with the help of Olson Law Firm, and therefore this process is regulated as quickly and clearly as possible.
• After preparing the documentary base, we proceed directly to the state registration of changes in the type of joint stock company in Lviv and making changes to the NDU.
• The procedure ends with the replacement of the global certificate, after which the company can move to new standards and requirements.

Law firm Olson in Lviv provides a full package of services to support the change of company type from public to private. It is possible to carry out a turnkey procedure or to assist in the implementation of certain stages of this procedure.

Contact us!