Public Limited Companies are those types of companies where minimum no. of members is 7 and there is no cap on the maximum no. of members. A public limited company has most of the uniqueness of a private limited company. A public limited company has all the advantages of private limited company and the capability to have any number of members, ease in transfer of shareholding and more clearness. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.,
5 SIMPLE STEPS
TO REGISTER PUBLIC LIMITED COMPANY
- i. Arrange basic documents of Directors
- ii. We will apply for DSC (Digital Signature) of Directors
- iii. We will Prepare MOA, AOA & other Legal documents
- iv. We will File INC 29 or Incorporation Docs with ROC
- v. Get your Company Incorporation Certificate
From all Directors and Shareholders
- . PAN Card and Aadhar Card
- . ID Proof (PAN Card/Passport/ Voter Id )
- . Address Proof ( Bank Statement/ Telephone Bill/ Electricity Bill )
- . Passport Size Photographs
- . Signature (Signature should be same as in PAN)
ADVANTAGES & BENEFITS
Why to Register Public Limited Company
Limited Liability Protection to Directors personal assets
Many times business need to borrow funds and take large investment decisions. Public Ltd. Company is the best option for entrepreneurs with high investment requirements. In case of normal Partnerships, Partners personal savings and property would be at danger incase business is not able to pay back its loans or business goes into loss. In a Public limited company, only investment in shares of the business is lost, individual assets of the directors are safe.
Easy to raise funds and loans
Public Limited company can list itself in a variety of stock exchanges in India and raise money from stock market. Limited company also enjoys broad options to raise funds through bank loans, general public and Institutional investors.
Better image and credibility in Market
Public limited company is popular and well known business organization. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Public Limited Company in its place of proprietorship or normal partnerships.
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 way out from a Public limited company, only shares of the company need to be handed over to the buyer along with the signed share transfer forms.
Most Suitable for Heavy Investment
Public Company is the most excellent choice for businesses involving heavy investment.
Favorite Business structure for Investors
Investors love to invest in Public Limited companies as it is fine structured and transparent business arrangement.
What is the Time required to register a company?
The entire process including approval of DIN, Name, and Incorporation takes around 10 working days. However, now-a-days registering a Company has become a quick process as all documents are dragged in a single application form with MCA. It is a big step towards e- governance and for businesses who are looking for growth of operations.
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