Public Limited Company
A Public Limited Company grants limited liability to its owners and management and being a public company this is beneficial in raising capital allows a firm to sell shares to investors. For establishing a Public Limited Company a minimum of three Directors are required and it has more stringent regulatory requirements compared to a Private Limited Company.
Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A Public Limited Company has most of the features of a Private Limited Company. A Public Limited Company has the advantages of Private Limited Company and the ability to have any number of members, ease in transfer of shareholding, which creates more transparency.
Reasons to Register Public Limited Company
Separate Legal Entity
A company is a legal entity and a juristic person established under the Act. Therefore, a company forming an organization has wide legal capacity and can own property and incur debts. The (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.
Shares of a Public Limited Company are transferable by a shareholder to any person. Filing and signing a transfer form and handing over to the buyer along with share certificate can easily transfer the shares.
A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.
A company being a juristic person, can acquire, own, enjoy and manage alienate property in its own name. No shareholder can make any claim upon the property of the company so long as the company is concerned.
A company enjoys better avenues for borrowing of funds. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.
Identity and Address Proof
Identity and address proof will be required for all directors and shareholders of the company to be incorporated. In case of Indian nationals, PAN is mandatory. For foreign nationals, apostilled or notarised copy of passport must be submitted mandatorily. All documents submitted must be valid. Residence proof documents like bank statement or electricity bill must be less than 2 months old.
Registered Office Proof
All companies must have a registered office in India. To prove access to the registered office, a recent copy of the electricity bill or property tax receipt or water bill must be submitted. Along with the utility bill, rental agreement or sale deed and a letter from the landlord with his/her consent to use the office as a registered office of a company must be submitted.
Simple & Transparent Pricing
Rs. 24999.00All Inclusive
Rs. 29999.00All Inclusive
Rs. 39999.00All Inclusive
How BusinessCrow help you with Public Limited Company
BusinessCrow can incorporate a Public Limited Company within 14-20 days, subject to ROC processing time.
Obtaining DSC & DIN
Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Public Limited Company. DIN and DSC can be obtained for the proposed Directors within 5-7 days.
A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5-7 working days.
Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 5-7 days. Subject to their processing time.
Check Company Name Availability
Check availability of company or LLP name in India against the MCA and trademark database.