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Public Limited Company

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Public Limited Company

A Public limited company is a basically large scale of the business that can be incorporated with minimum 7 shareholders and 3 Directors. Public limited company enjoys to the benefits like ease of transferability, limited liability, borrowing capacity and perpetual existence.A Public Limited Cmust be minimum 7 members, liability members is a limited amount, if any, unpaid shares held by them.Some public limited company registration online examples include following are:-
  • Rolls-Royce, car company, listed exchange Rolls-Royce Holdings public limited company.
  • Clothing retailer, Burberry, listed Burberry Group public limited company registration certificate online.
  • Oil Company, & British Petroleum, is listed BP public limited company.

Documents required for registration of Public Limited Company

  • PAN Card or Election ID Card or Passport
  • Latest Bank Statement and Mobile Bill
  • Voter's ID/Passport/Driver's License
  • Passport Sized photo of all shareholder and directors
  • Scan copy of Signature  DSC

time of process :  30 working days

Pricing :-

Basic:-
Rs. 3999 + Govt. Free
Company Registration
Advance Basic :-
Rs. 9999+ Govt. Fee
include package :- Basic + GST + GST Return
Premium :-
Rs. 19999 +Govt. Fee
include package :- Advance + Annual Filing
 

Process

 

 Advantage of Public Limited Company

Separate Legal Entity

A public limited company registration online is legal entity and a juristic person established under the Act.

Uninterrupted Existence

A company has perpetual existence and remains unaffected by death of any of its member or change in membership.

Barrowing Capacity

Compare to other form more preference public limited company registration certificate online in given loan.

Limited Liability

Member personal asset are safe, liability of the company is LTD to the assets of same.

Listed share on exchange

Choose Public Limited Company

  • More preference to the public limited company in giving loan.
  • Compliance public limited company can be list shares on the stock exchange.
  • Shareholders can be transfer their Shares with great ease.
  • Limits liabilities of its partners

Conversion of public Limited Company

  • A public limited company can be choose to the convert itself into private limited company. In such as case, it should pass special resolution alter its Articles suitably to the incorporate provisions of a private limited company. In other words, the Articles should modify therefore as to include provisions relating to:-

  • Limiting maximum No. of member 50,

  • a). Restricting right to the transfer shares

  • b). prohibiting invitation to the public company for subscription of the shares or deentures.
  • Within 3 months of the passing special resolution to alter the articles, the company should seek permission of the central government.

  • Once the government gives approval limited company must be file a copy of altered articles with registrar shall issue the required certificate of the incorporation duly changing its name by adding to the word Private limited company.

Frequently asked questions :-

Q1. What is a Public Limited Company?
Ans:- A Public limited company is a basically large scale of the business that can be incorporated with minimum 7 shareholders and 3 Directors. Public limited company enjoys to the benefits like ease of transferability, limited liability, borrowing capacity and perpetual existence.
Q2. What are the Primary Requirements for the setting up a Public Limited Company in India?
Ans:- For setting up public limited company anywhere in India, there are required a minimum of 7 Shareholders and 3 Directors; the directors can be also shareholders. The requirement of the minimum paid up share capital worth INR five Lakhs, has removed by Companies (Amendment) Act, 2015.
Q3. How much time is needed for the Registration of a company?
Ans:- Normally it takes 7 to 10 Days * depending on name approval in registration of a company, however it is a legal process & committing fixed time line is not practical, Startups are advised to the plan in advance before launch date of their startup  
Q4. Can I Register a company at my residential address ?
Ans:-Yes, it is no need to the commercial space for the company in India.
Q5. What is the certificate of incorporation?
Ans:- The certificate of incorporation is document issued to confirm that Companies House has incorporated your company name & states date of incorporation and company number. This should be printed on the 160gm ivory card.  
Q6. What is different between private limited and public limited company?
Ans:- Private Limited Company:- Minimum: Rupees. 100000 /-Thus now it can be floated with any amount of the share capital, Member Minimum 2 and Maximum 200, Company name Last word "Private Limited", Director Minimum 2 and Maximum 15 Public limited company:- Minimum Repuees.500000, Member Minimum:7 and Maximum: Unlimited, Company name Last word "Public Limited", Director Minimum 3  
Q7. What are required to be a director ?
Ans:- The director needs to at least 18 years of age. Any individual can be become the member of Public limited company including foreigners/NRI’s.  
Q7. How to apply public limited company ?
Ans:- 1:- Choose name for your company 2:- Apply for DSC i.e Digital Signature Certificate 3:- Drafting of MOA or Memorandom of Association and AoA or Articles of Association respectively 4:- Finally, we’ll apply for company PAN and TAN and Certificate of incorporation is issued to director of company
 
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