Public Limited Company

Limited company is the ideal choice of a corporate entity for medium and large sized businesses that raise equity capital from the public. ChennaiFilings offers limited company registration from 58,999

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Public Limited Company

Public Limited Company is a company which always opts for where huge investment is desired from public company cargo for the listing of its share at the stock market as it has no limit on its number of shareholders and can fetch from the public through IPO.

Public Limited Company is the largest form of business in India. A public limited company can be listed on the stock exchange and can thus invite funds from the public, Also there is no restriction as to the maximum number of shareholders in a public limited company.

Being a public limited company allows a firm to sell the share to investors this is beneficial in raising capital. A minimum of three Directors required for establishing a public limited company and it has more stringent regulatory requirements compared to a private limited company.

Public limited companies are those types 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 advantages of a private limited company, and the ability to have any number of member’s ease in transfer of shareholding and more transparency.

Identifying marks of a Public Limited Company are name, number of members, shares, formation, management, directors, and meetings, etc.

  • Incorporation Process
  • Documents Required
  • Choosing a Name
  • Capital Requirements
  • Company Compliances
  • GST Registration
  • Trademark Registration

Advantages of Public Limited Company

Perpetual Existence: A company continues to exist irrespectively of the status of the owners.

Limited Liability: A shareholder is liable only to the extent of the unpaid amount on his holding.

Separate Legal Entity: A company enjoys separate legal identity, unlike Partnership Firms.

Create borrowing Power: Companies have better avenues for borrowing funds unlike other forms of business.

Access to public funds: Public companies can invite the public to subscribe to its shares, unlike a Private Limited Company.

No Restriction on share Transfer: There is no restriction of share transfer, A shareholder can transfer his shares to any person.

Disadvantages of Public Limited Company

Lost of Control: Control over the company’s affairs seizes to exist in few hands.

Strict Legal Formalities and Compliances: Strict legal formalities and regulations are to be complied with by public limited companies.

Sharing of Profits: Profits of the company are shared amongst many shareholders.

Documents Required for Public Limited Company

  • Pan card and residence proof of Directors of the company
  • Passport size Photograph of Directors
  • Copy of Aadhar or Voter ID Card
  • Copy of the rental agreement/EB Card of the business place
  • Bank Statement/Cancelled cheque of the business

Basic

58,999

all inclusive fees

  • 8 Class 2 Digital Signatures
  • 3 Director Identification Numbers
  • 1 RUN Name Approval 
  • Upto 10 Lakhs Authorized Capital   
  • Incorporation Fee
  • Stamp Duty 
  • Incorporation Certificate
  • Bank Current Account
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration

Eco

78,999

all inclusive fees

  • 8 Class 2 Digital Signatures
  • 3 Director Identification Numbers
  • 1 RUN Name Approval 
  • Upto 10 Lakhs Authorized Capital   
  • Incorporation Fee
  • Stamp Duty 
  • Incorporation Certificate
  • Bank Current Account
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration
  • Commencement of Business Certificate
  • Financial Statement Preparation
  • Board Resolution Preparation
  • IE CODE
  • Company profile

Pro

95,000

all inclusive fees

  • 8 Class 2 Digital Signatures
  • 3 Director Identification Numbers
  • 1 RUN Name Approval 
  • Upto 10 Lakhs Authorized Capital   
  • Incorporation Fee
  • Stamp Duty 
  • Incorporation Certificate
  • Bank Current Account
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration
  • Commencement of Business Certificate
  • Financial Statement Preparation
  • Board Resolution Preparation
  • 1 Year GST Return Filing (GSTR-3B or GSTR-1)
  • Udyog Aadhar Registration
  • Trademark Registration
  • Bank proposal
  • company profile
  • web portal
  • web design

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