Public Limited Company
Incorporation of the public limited company means companies who can raise capital through accept deposits/money from the public through the open market against sell of shares. A company has all advantages of a private limited company. A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors this is beneficial in raising capital. With minimum no. of 7 members and no limitation of maximum members.
The public limited company is allowed to be listed on the recognized stock exchange and trade their shares freely.
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Advantages
- Liquidity– Sharholder able to buy and sell their shares.
- Separate legal entity – Separate identity as per law.
- Continued Existence – Separate legal entity does not deviate from the existence of partner’s.
- Better Access to capital – Raising capital from existing and new investors.
Documents Required
- Name of the Limited company (As suggested by promoter of the Company and approved by MCA)
- Object/ Main Business of the co. (As per promoter of the Co.)
- Office Address proof (Electricity bill , telephone bill
- Photo (for all Member)
- Digital signature (for all director)
- Valid mail id and phone no. (for all director)
- Declaration by the member/director (Format as suggested by LegalNemBrij)
- ID Proof and Residential Address proof(for all directors) (Pan card , Aadhar card, Voter ID , Passport, Bank Statement ETC)
FAQ
Any adult individual(Inculding Foreigners /Nri)/organization can become the member of the public limited company and maximum number of shareholders in public limited company have no restrictions.
A public limited company can start even from your home except with proper address proof.
Minimum authorised capital requirement of Rs. 500,000.
Benefit in terms of creditability to all stakeholders.
Any adult individual can become a shareholder/director in a public limited company. There is no requirement of educational qualification.
Yes, A company can change its registered office any time after following specified procedure.
Yes, you as a employee in any organisation can become the director/member in public limited company.
LegalNemBrij.com can incorporate a public Limited Company within 15 days subject to available documents and approval of Government.
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