Ask 4 Compliance | Public Limited Company
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PUBLIC LIMITED COMPANY

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PUBLIC LIMITED COMPANY REGISTRATION

A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors and this is beneficial in raising capital. A minimum of three Directors are required for establishing a Public Limited Company 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 characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.

Our team of highly qualified professionals at Ask4compliance.com can help you to establish a more organised Public Limited Company to start your business as a corporate entity.

Process & Timeline

5-7 days

Professional Fees

Rs. 12500

(GST, Government Fees and other Out of Pocket Expenses Extra)

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ADVANTAGES OF PUBLIC LIMITED COMPANY

  • Limited Liability Protection: The liability of members extends only to the contribution of the nominal value of the shares held and not paid by them. It has the words ‘Limited’ as part of its name.
  • Never Ending Characteristic: A company incorporated under Companies act never dies. A company can, only be closed with the consent of shareholders or by the process given in Law.
  • No Criteria of Minimum Paid Up Capital: Requirement of minimum capital to Start a Public Limited Company has been dispensed with by the Ministry of Corporate Affairs.
  • Shares can be Listed on Stock Exchange: Shares of Public Limited Company can be listed on stock exchange and such shares can be traded by public at large.
  • Separate Entity: A Public Limited Company hold the privilege of being separate from its directors and shareholders. Member and directors cannot claim the property vested in company’s name.
  • Name of the Company is Protected: Identical, similar or nearly resembles are not allowed by registrar of companies while applying for reservation of name. Once your company is registered, any other person cannot register another company, with the similar or resembling name.
  • Can Access Money from Public: A Public Limited Company can accept deposit from public by issuing Shares/debentures to the public.

DOCUMENTS REQUIRED FOR INCORPORATION OF A PUBLIC LIMITED COMPANY

  • Passport size photographs of Director and Shareholders: Two passport size photographs of Director and Shareholders (JPEG format)
  • Proof of identity for Directors: Self attested copy of Pan Card is mandatory for Indian national and passport is mandatory for foreign national.
  • Proof of identity for Shareholders: Self attested copy of Voters Identity Card/Aadhaar Card/Passport/Driving license.
  • Proof of residence both for Directors and Shareholders: Self attested copy of Bank Statement/Electricity Bill/Mobile Bill/Telephone Bill.
  • Registered Office Address Proof
    • If Rented: Rent Agreement and utility bill likely electricity bill, telephone bill, etc. and No Objection Certificate from owner.
    • If Owned: Ownership proof, Receipt of Municipality tax paid etc. and No Objection Certificate from owner.

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