Public Limited Company
Cost: ₹34,999 /- only
Get assistance from the team of FilingYug to register your Public Limited Company in India.
A public limited company is an incorporation that has a voluntary group of members who have a separate legal existence and limited liability. A public limited company is listed on a stock market and has its shares/stocks publicly traded.
Required Documents
Documents for the Directors & Shareholders:
- PAN card of the director & shareholder
- ID Proof – Aadhar Card/ Voter Card/ Passport/ Driving License
- Address Proof – Latest Bank Statement/ Utility bill in the applicant’s name is needed, and must be no more than two months old.
- Latest Passport Size Photo
Registered Office Address Proof :
- Utility bill (should not be older than two months) / Registry Proof or House Tax Receipt (in case of owned property)
- No Objection Certificate (NOC) from the owner
What do we get?
- Digital Signature Certificate (DCS)
- Director Identification Number (DIN)
- Memorandum of Association (MoA)
- Articles of Association (AoA)
- Incorporation Certificate
- Company PAN
- Company TAN
Public Limited Company – An Overview
Shares of a public limited corporation are listed and exchanged at a stock exchange market freely. Shareholders of a public limited corporation are limited to possibly losing just the amount they have paid for the shares they possess.
Some of the advantages of a public limited company are:
- Led by a Board of Directors.
- It has limited liabilities.
- It can have several members.
- The shares are transferable.
- One can have financial privacy.
- Large capital
- It is not affected by the death of one of its shareholders.
Main features of a Public Limited Company
- The company has a separate legal existence from the individuals that make up its membership.
- All of its actions from inception to completion get governed by tight rules, laws, and regulations.
- A business must have at least seven members, but there is no limit to the number of members it can have.
- The corporation raises capital by selling shares, and the people who buy the shares are known as members. The whole sum collected is referred to as the share capital.
- A business’s shares can be freely transferred, even without the approval of other shareholders or prior notice to the firm.
- A member of a corporation’s responsibility is limited to the face value of the shares he owns. He is under no obligation to contribute anything to the company’s creditors once he has paid the full face amount.
- A company’s shareholders do not have the right to engage in the day-to-day management of the company’s operations. It ensures that ownership and management are kept separate from each other. The Board of Directors has ultimate decision-making authority in a firm, and all policy decisions get taken by majority vote at the Board level. It assures that management is moving in the same direction.
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Private Limited Company
A Private Limited Company (PLC) is a company owned by a small group of people. It is registered for specific purposes and controlled by a group of people known as shareholders. A Private Company is a typical company structure for startups and organizations with high development ambitions.
One Person Company
In contrast to private firms, a one-person company has only one shareholder. These businesses enjoy all of the advantages of a private company, including access to financing, bank loans, restricted liability, legal protection, and so on.
Limited Liability Partnership
A limited liability partnership (LLP) is a legal entity separate from its members (partners), who are solely liable for the amount of money they invest plus any personal guarantees. The partnership is registered with Companies House and can only get used by firms that make a profit.
