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PUBLIC LIMITED COMPANY REGISTRATION

Public Limited Company is company which is always opt for where a huge investment is desired from public. Public company can go for the listing of its share at stock market as it has no limit on its number of shareholder and can fetch from public through IPO.

OFFER PRICE

Rs 32,999 /- Plus Tax

Timeline - 25 Working days

WHAT IS A PUBLIC LIMITED COMPANY ?

Public limited company is the largest form of business in India. A public limited company can be listed on stock exchanges and can thus invite funds from public. Also, there is no restriction as to the maximum no. Of shareholders in a public limited company.

ADVANTAGES

Advantages of Public Limited Company

  • A company continues to exist irrespective of the status of the owners.
  • A shareholder is liable only to the extent of unpaid amount on his holding.
  • A company enjoys separate legal identity unlike partnership firms.
  • Companies have better avenues for borrowing funds unlike other forms of business.
  • Public company can invite public to subscribe its shares unlike a private limited company.
  • There is no restriction on transferability of shares. A shareholder can transfer his shares to any person.

DISADVANTAGES

disadvantages of Public Limited Company

  • Control over the company’s affairs seizes to exist in few hands.
  • Strict legal formalities and regulations are to be complied with by public limited companies.
  • Profits of the company are shared amongst many shareholders thereby decreasing each person’s share.

DOCUMENTS

What are the Documents required for Formation of Public Limited Company?

  • PAN and Residence proof of Directors of the company 
  • Passport size photograph of directors
  • Copy of Aadhar or Voter Identity card
  • Copy of rental agreement / Eb card of the business place
  • Bank Statement / Cancelled Cheque of the business

INCLUSIONS  

WHATS INCLUDED IN THIS PACKAGE ?

  • Verification of Documents
  • DSC & DIN for 3 directors
  • Name Approval and ROC fees
  • Drafting MOA & AOA
  • Following until Certificate is allotted
  • Applying PAN & TAN

PROCEDURES

What is the process for Public Limited Company Registration?

DIN&DSC

Digital signature for atleast one director is required. If any director already possess DIN it can be used. Else, application for DIN can be made.

Name Approval

4-6 proposed names should be provided that should be unique and suggestive of company business.

Document Submission

Duly filled Application along with required documents should file with the RoC.

Company Registered

Once your Company is Incorporated. Incorporation Certificate will be issued

FAQ's

A public limited company is required to have minimum 7 sharehodlers.

ID proof, Residence proof and PAN card of all the partners along with a Partnership deed signed by all the partners.

Only a registered Partnership firm can file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act. A Registered Partnership firm can claim a set off or other proceedings in a dispute with a third party.

A partnership deed is a written agreement entered into by all the partners of the firm which specifies the terms under which partnership is to be carried on.

Tax audit under Income Tax Act is required for only few assessees.

A partner must be an Indian citizen and resident of India.

There is no minimum capital required to start a partnership firm. A partnership firm can be started with any amount of capital.

To open a bank account for a Partnership firm, a registered Partnership deed along with identity and address proof of the Partners should be provided.

A partner cannot transfer his interest in partnership to an outsider without the consent of all other partners.

Yes. A sole proprietorship concern can be converted into LLP or Company by following procedures laid down in respective Acts.

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OFFER PRICE

Rs 32,999 /- Plus Tax

Timeline - 25 Working days

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