Public Limited Company

24,999.00

All Inclusive Fees

(EMI: Rs.2273.87 for 12 months)*

Category:

Description

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Important Points

  • Completely online service – No physical visit required.
  • No minimum capital requirement.
  • Minimum 7 Members Required for Registration
  • Public Limited Company in just 7 working days.
  • There are no hidden Charges
  • Work Handled by Professionals

*Stamp duty Extra for States: Punjab, Kerala and Madhya Pradesh

About Public Limited Company

Public Limited Companies are those companies where minimum seven members are required and there is no limit for maximum number of members. A limited company provides limited liability to its members and shareholders. Being a limited company, it allows a firm to sell it’s shares to investors for raising capital . A minimum of three Directors are required for establishing a Limited Company and it has more stringent regulatory provisions as compared to a Private Limited CompanyPublic 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.

Registration Process

  • DIN & DSC

    1 to 2 Days

  • Submission of forms to MCA

    4 to 5 Days

  • Drafting MOA & AOA

    2 to 4 Days

  • Certificate Of Incorporation

    6 to 10 Days

  • DIN & DSC

    1 to 2 Days

  • Drafting MOA & AOA

    2 to 4 Days

  • Submission of forms to MCA

    4 to 5 Days

  • Certificate Of Incorporation

    6 to 10 Days

Advantages of Private Limited

  • Simple Registration Process

    Public Limited Company can be registered by at-least seven persons, by complying with the prescribed limited formalities of the Companies Act, 2013.

  • Limited Liability

    Limited liability is the greatest benefit of Public Limited Company. If any legal liability arise then neither it’s member nor it’s director’s personally affected; Liability of the members are only for the unpaid amount on shares held by them and not more than that. Shareholders are not liable for Company’s debts and liabilities.

  • Separate Legal Entity

    One of the best advantage of a Limited Company is that it is distinct from that of its members. A company is a separate entity having its own rights & Obligations.

  • Perpetual Succession

    company with ‘perpetual succession‘, has continued or uninterrupted existence until it is legally shut down. Company, being a separate legal entity, is not affected by the death of any member or transferable of shares but continues to be in existence

  • Funding Capacity

    The best advantage of a Public Limited Companyis to raise funding from the public as Public Limited Companies can list its shares on stock Exchange and can also accept deposit from public at large.

  • Owning Property

    company being a separate legal person, can purchase, own, enjoy and alienate or sale, property in its own name. No member or shareholder can make any claim upon the property of the company so long as the company is a going concern.

Frequently Asked Questions (FAQs)

01. What is Public Limited Company?

Public Limited Companies are those companies where minimum seven members are required and there is no limit for maximum number of members. A limited company provides limited liability to its members and shareholders. Being a limited company, it allows a firm to sell it’s shares to investors for raising capital . A minimum of three Directors are required for establishing a Limited Company and it has more stringent regulatory provisions as 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.

02. How many Shareholders are required to Register a Public Limited Company?

Minimum of seven shareholders required to register a Private Limited Company and the number can extend maximum upto two hundred beyond which is not allowed.

03. How many Directors are required in Public Limited Company?

Minimum of three directors are required to register a private limited company and the maximum number cannot exceed beyond fifteen.

04. How much money do I need to start a Public Limited Company?

In case of Public Limited Company, No minimum capital required.

05. Documents Required to Process?

Documents RequirementFor Directors And Shareholders (In Scan only):

1. PAN Card
2. Identity Proof – Anyone (Election ID/Passport/Driving License/Aadhar Card)
3. Photographs
4. Address Proof – Anyone and Latest by One Month (Bank Statement/Mobile Bill/Telephone Bill/Electricity Bill)NOTE: AADHAR CARD/DL/PASSPORT/VOTER-ID WILL NOT BE ACCEPTED AS ADDRESS PROOF.For Registered Office (In Scan only) :In case the premises are Rented
Rent agreementIn case the premises are Owned by any Director or any Relative
Registry Proof or House tax receipts + Latest Electricity bill + NOC from the Owner on the name of any Director

06. Information Required?

Information Required (Only information NO Documents Required):

1. Education Qualification of all the persons Involved
2. Any Landline number
3. Place of birth of all the persons
4. Mobile Numbers of Directors
5. Email IDs of DirectorsCompany related Information:1. State in which company will be registered
2. Complete Registered office address along with PIN Code
3. Proposed business of the company in brief
4. Proposed Name of the company
Name should be like thisFirst Name – To be unique eg. XYZ
Second Part – Activity Word eg. If Technology Company then Technologies, tecnosoft are the activity WordsComplete Should be Like this:

XYZ Technologies Limited
XYZ Technosoft Limited

Brief Significance of Prefix used in Company Name.