Below are the list of advantages and benefits of forming a Public Limited Company
Public Limited companies can raise funds from individuals, other entities and as well as from financial institutions. The funds can be raised via equity shareholding, debentures and preference shareholding.
Shareholders of the public limited company has given limited liability protection. In case of unexpected losses and liabilities of the company, personal properties of the shareholders are protected.
Since the shares are sold to public at a large scale, the unsystematic risk of the market is also shared across the shareholders.
Easy transfer of shares is one of the biggest advantages of a Public Limited Companies. The shares can be easily transferred from one shareholder to another, be it an Individuals or businesses.
Since the risk is shared across the multiple shareholders, it gives perfect opportunity to grow and invest in new projects from the money raised through shares. Hence it gives opportunities to growth and rapid expansion.
• At least 7 shareholders – no cap to maximum no of shareholders
• At least 3 Directors - Maximum of 50
• At least 1 director should be resident of India
• Directors and shareholders can be the same person.
• Minimum paid up share capital INR 5 Lakhs.
• An address which acts as a registered address of the company
For Each Director and shareholder
1. PAN card* (Mandatory for Indians & others if held)
2. Passport* (for NRI, Foreigners, and Indians if held)
3. Address proof (any 1 of) (Not more than 2 months old)
a. Bank Statement
b. Phone Bill
c. Mobile Bill
d. Electricity Bill
(Note - For NRI & Foreigners Documents issued by foreign authorities or signed outside India must be notarized & apostilled)
For Registered Address
1. NOC from Owner*
2. Rent Agreement*
3. Utility Bill*
Once the founders of the company finalize on the name of the company. Then the process of incorporation of Public Limited Company starts as below (Note: Name of the company can be different from the brand name; it is not mandatory to have same brand name as a company name)
Step 1: Application for DSC (Digital signature certificate) and DIN (Directors Identification Number)
Step 2: Apply for the Name reservation
Step 3: Drafting & filing MOA & AOA to register the public limited company
Step 4: Apply for the PAN and TAN of the company
Step 5: Issue Certificate of Incorporation along with PAN and TAN of the company
a. DSC of directors and shareholders
b. PAN and TAN number
c. Certificate of incorporation
d. MOA & AOA of the company
We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.
All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.
We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.
We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.