Public Limited Company - Setyourbiz Corporate

Online Process | Free Consultation

7 Digital Signature (DSC)
Three DIN Number
Name Approval Letter of the Company
MOA & AOA + Certificate of Incorporation
PAN and TDS number for the Company

The lengthy procedure of company registration turns into an easy process with SetyourBiz Corporate. Get your first startup company registered with Setyourbiz.com with a great ease by sitting in your house. Our highly qualified team of professionals will do all the process with a great perfection across the India. We will extend our support in documentation, preparation, filing and subsequent Follow-up with ROC

,499/-

PUBLIC LIMITED COMPANY REGISTRATION

A limited company grants limited liability to its owners and management. Being a public company permits a firm to sell shares to investors this can be beneficial in raising capital. A minimum of 3 directors are needed for establishing a Public company and it has more rigorous regulatory necessities compared to a private limited company.

Public limited companies are those sorts of companies where a minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has all the benefits of a public limited company and the ability to possess any variety of members, ease in transfer of property and a lot of transparency. Distinctive marks of a public company square measure name, variety of members, shares, formation, management, directors and meetings, etc

Characteristics of Public Limited Company.

Limited Liability– The liability of every member or shareholders is limited. It means if an organization faces loss below any circumstances then its shareholders are liable to sell their own assets for payment. the private, individual assets of the shareholders are not at risk

Perpetual succession– the company keeps on existing within the eyes of the law even in the case of death, insolvency, the bankruptcy of any of its members. This results in a perpetual succession of the company. The life of the company keeps on existing forever.

Index of members– a private company contains a privilege over the public company as they don’t need to keep an index of its members whereas the public company is needed to keep up an index of its members.

A number of Directors– once it involves administrators a private company must have solely 3 directors. With the existence of 3 directors, a public company will get operations.

Paid up capital– It should have a minimum paid capital of Rs 1 lakh or such higher quantity which can be prescribed from time to time.

Prospectus– Prospectus may be a careful statement of the corporate affairs that is issued by an organization for its public. However, within the case of public Ltd., there’s no such ought to issue a prospectus as a result of during this public isn’t invited to subscribe for the shares of the corporate.

Minimum subscription– it’s the amount receive by the company that is 90th of the shares issued at intervals a certain amount of your time. If the company isn’t ready to receive 90th of the amount then they can not commence further business. just in case of private Ltd. shares can be assigned to the general public without receiving the minimum subscription.

Name– it’s obligatory for all the private companies to use the word public limited or limited once its name

Advantages of Public Limited Company:

OWNERSHIP

In a public company, regulation and ownership of shares will be sold to the public on an open market. On the other hand, in a private company, shares can be sold or transferred to other people by the selection of the owner. Shares of such company are owned by founders, management or a bunch of personal investors. Shares here aren’t sold in open market. Therefore there’ll be less variety of shareholders. This suggests less quality and confusion in higher cognitive process and management.

MINIMUM NUMBER OF SHAREHOLDERS

For a private company, a minimum number of needed shareholders is a pair of, whereas, for a public company, you require a minimum of 7 shareholders.

LEGAL FORMALITIES

Legal formalities are sometimes very expensive and long, aren’t they? If you’re planning to begin a public company, you better be ready because there’s a long list of legal formalities for forming a public company. Private companies have a comparatively shorter list

DISCLOSING INFORMATION

A public company is needed to disclose their money reports to public quarterly, as it can affect public investment; private companies are not subjected to any such compulsion.

MANAGEMENT AND DECISION MAKING

Management and decision making becomes more complex and confusing in public companies as more number of shareholders is to be consulted. This complex procedure is eliminated in a private company as the variety of shareholders is less.

FOCUS OF MANAGEMENT

Managers of Public Company are focused on increasing the value of shares, whereas managers of the private company are more flexible in the short term and long term business decisions

Therefore, a Public Limited Company is less complicated compared to a private company. It is comparatively less expensive and less time-consuming.

For any further query about the registration of public Limited Company, feel free to contact us at SetyourBiz.com.

Requirements for Public Limited Company Registration

Obtaining digital signature certificate- In today’s modern world everything is done online now the days of pen and paper have gone All documents are submitted electronically and for that, each company should acquire a digital signature certificate that is employed to verify the legitimacy of the documents… A digital signature is obtained by all the directors which are used on all the documents by every director.

Members– to start out a company, a minimum number of seven members are needed and there is no maximum bar on number of members as per the provisions of the Companies Act, 2013.

Directors- The least number of directors required for registering the public limited company is Three. Each of the directors ought to have DIN i.e. director identification number which is assigned by the ministry of corporate affairs. One condition is among the two directors one must be the resident of India which means he/she should have stayed in India for at least 182 days in a previous calendar year.

Name- one of the most important and major components for a Public limited company is the name. The name of the company comprises of three parts i.e. the name, the activity, and Public limited company. The use of a Public limited company at the end of the company name is compulsory. For the acceptance of the name, one should send at least 6 alternatives For the approval of the Registrar and all the names should be unique and expressive and the purposed name should not reassemble to any other in any means. Choosing the right company name is an important component is it will stay with the company throughout its life.

Registered office address- While going for the registration of the company, you should provide the temporary address of the company for the period of registration. However when the company has been registered then the permanent address of its registered office should be suited with the registrar of the company. The Registered office of the company is where companies main task are done and the working bodies are placed there with all documentation.

Advantages of Public Limited Company: