Public Limited Company

PACKAGE INCLUSION:

  • Digital Signature Certificate (DSC)

  • Director Identification Number (DIN)

  • Company Name Reservation – RUN one Attempt

  • Articles of Association (AOA)

  • Memorandum of Association (MOA)

  • Corporate Identification Number (CIN)

  • Permanent Account Number (PAN)

  • Tax Identification Number (TAN)

  • Free Legal Support for Startups.

A Public Limited Company can be started with minimum seven members & there is no limitation for the maximum members. However, in the case of Directors minimum requirement is three & maximum can be 15. It has all the benefits of that of Private Limited Company. However, unlike Private Limited Company it has more financial exposure to the capital sourced from the public in form of Equity, Debentures & Deposits etc. Hence, it is always preferable amongst the Entrepreneurs who have a broad vision from startup to IPO.

A Public Limited Company can be started with the paid-up capital of INR 5 Lacs. While this capital requirement is not compulsory by the law but it is always advisable to have such capital at the initial time in order to affluent the status of the company, which in turn builds confidence in the mind of the public to invest more in the company.

A Public Limited Company with the help of G K Legal Solutions can be registered within 19-20 Working days only, subject to client document submission & Government processing time.

Benefits of Public Limited Company:

  • Borrowing capacity:

A financial Institution prefers to render financial assistance to Public Limited Company. As this type of companies enjoys more financial exposures as it can issue shares, debentures & can also accept deposits from the public. Hence, Public Limited Company has more borrowing capacity than any other type of Companies.

  • Uninterrupted Existence:

A Company being a separate legal entity is not affected by the departure or death of any member. It will continue its existence until it is legally dissolved.

  • Easily Transferred:

In Public Limited Company shareholders can easily transfer their shares to the existing shareholders or other specified groups of individual, normally by signing & filing of Share Transfer Form & handing over the share certificate to the buyer of the shares.

Limited Liability:

In Public Limited Company, the liabilities of Director & Members are limited to their shares. Being the Limited Company, liability is confined to the proportion of their shareholdings or is limited up to the unpaid share amount due upon them of their total holdings. Hence for any further debt beyond the limit specified above they shall not be liable.

Documents required For Public Limited Company Registration:

  • FROM ALL DIRECTORS & SHAREHOLDERS:

 

  • Scanned Copy of Aadhaar Card
  • Scanned Copy of PAN
  • Scanned Copy of Latest Bank Statement/ Utility Bill (Electricity Bill /Telephone Bill)
  • Scanned Copy of Rent Agreement
  • Passport Size Photograph
  • Additional proofs – Election Card / Passport / Driving License (If Required)
  • FOR REGISTERED BUSINESS PREMISES:
  • Scanned Copy of Rent Agreement (For Rented Premises)
  • Scanned Copy of NOC
  • Scanned Copy of Electricity Bill