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Public Limited Company

Public Limited Company

Public Limited Company Registration in India can be initiated with a minimum of three Directors who are individuals (up to a maximum of 15 directors without Special Resolution), and seven subscribers (shareholders) who may be Individuals or corporate entities. Both, the directors and subscribers may or may not be the same person. The Companies Act 2013 does not set any minimum capital limit, so the minimum limit remains Nil. A public limited company has features like separate legal entity which enables it to be distinct from its members and directors. The members hold a limited liability in the company and cannot be held liable beyond the shares held by them. A public Limited company is the largest form of business available in India. Public limited company is a large company and is formed in order to raise funding from public through IPO etc. There is no limit on maximum no. of members however, after 500 members, SEBI approval is needed.

Public Company Registration is initiated primarily if the shareholders/investors are large in number. The shares of a public limited company can be transferred with ease and ensuring a suitable structure for raising capital. Before initiating registration of a public company, one needs to be aware of more stringent regulatory requirements as compared to other corporate entity forms.

ADVANTAGES

Exhaustive Compliance Structure

A public limited company has an exhaustive structure of rules and regulations to be followed, i.e. provisions of Companies act 2013, listing agreement (for listed companies), along with notifications, circulars, and orders issued by the government fr

Better image and credibility in Market

Public limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Public Limited Company instead of proprietorship or normal partnerships.

Listing in Stock Exchange

Only Public Limited Companies can list its shares on Indian Stock Exchanges such as National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and so on.

Preferred for Investment

Shares of a public limited company can be traded freely by the shareholders, and even online trading is possible for listed companies. A public limited company is preferred by both retail and institutional investors for investment, due to easy availa

Easy to raise funds and loans

Public Limited company can list itself in various stock exchanges in India and raise capital from stock market. Limited company also enjoys wide options to raise funds through bank loans, general public and Institutional investors.

Easy Transfer of shares

Most important it is very easy to exit from a Public limited company, only shares of the company need to be handed over to the purchaser along with the signed share transfer forms.

Minimum Requirement For Public Limited

Minimum Requirement of Public Limited Company Registration

  • Minimum 7 Shareholders
  • One of the Directors must be Indian Resident
  • DSC (Digital Signature Certificate) for two of the Directors
  • Minimum 3 Directors
  • Minimum Authorised Share Capital Rs. 500,000 (INR Five Lac)
  • The directors and shareholders can be same person
  • DIN (Director Identification Number) for all Directors

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Documents required for Public Ltd.

Documents required for Public Ltd.

Documents required for Public Ltd. Company Registration

  • Copy of PAN Card of all Directors
  • Aadhar Card of all Directors
  • Address Proof (Latest Bank Statement, Mobile bill, Telephone bill) of all Directors
  • Passport Size Photo of all Directors
  • Ownership Proof (Electricity bill, Gas Bill etc) of the registered office
  • NOC of the registered office address.
  • Contact details of all Directors.
  • Email-id of all Directors.

PROCESS

Step-1 : Arrange all required documents

The first step is to arrange all the documents and send the same over the email to us.

Step-2 : Checking the Proposed name availability.

It is not possible to register a name that is too similar to an existing company name or trademark. When it comes to name of company, a degree of freedom is given by the companies’ act 2013, however, there are certain rules and restrictions that are

Step-3 : E-Filing for Registration of Company

E-Form SPICe INC-32 is prepared and filed with the MCA for approval.

Step-4 : certificate of incorporation

Once the forms get approved, the certificate of incorporation will be issued under the hand of Ministry of Corporate Affairs.

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