Public Limited Company Registration
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The Companies Act, 2013 regulates the establishment and working of a public limited company. A public limited company offers shares to the general public and has limited liability. Its stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market.
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Introduction
What is a Public Limited Company?
A Public Limited Company registration in India is the most suitable business structure for entrepreneurs who are planning large-scale business operations. To register a Public Limited Company in India there should be a minimum of seven members and there is no limit on the maximum number of members/shareholders for starting a Public Limited Company.
A Public Limited Company in India enjoys all the privileges of a corporate entity together with the features of Limited Liability. A public limited company gets listed with the stock exchange to raise capital from the general public. Hence, the Public Limited Companies have to comply with multiple regulations of the government and start a Public Limited Company.
A Public Limited Company that is registered under the provisions that are prescribed under the Companies Act,2013. The member of a Limited Company registered in India enjoys the features of Limited Liability and this type of entity is also allowed to raise capital from the public by the issuance of shares.
Benefits
Benefits of Public Limited Company
Led by Board of Directors
Public limited companies are headed by a board of directors. The composition of the board of directors is set out in the company’s articles of association.
Limited Liability
Shareholder liability for the losses of the company is limited to their share contribution only. This is what makes it a separate legal entity from its shareholders.
Life Span
A public limited company is not affected by the death of one of its shareholders, but her shares are transferred to the next of kin and the company continues to run its business as usual.
Number of Members
A public limited company has a minimum number of seven shareholders or members and a limitless number of members. It can have as many shareholders as its share capital can accommodate.
Transferable shares
Shares of a public limited company are bought and sold in a stock exchange market. They are freely transferable between its members and people trading in the stock exchange.
Financial Privacy
Public limited companies are strictly regulated and are required by law to publish their complete financial statements annually.
Process
Public Limited Company Registration In 6 Easy Steps
Documents required
Documents Required for Incorporating a Public Limited Company
Proof of identity
Proof of identity of all the shareholders and directors.
Proof of address
Proof of address of all the directors and the shareholders.
PAN Number
PAN number of all the shareholders and directors.
Director Identification Number
Director Identification Number (DIN) of all the directors.
Digital Signature Certificate
Digital Signature Certificate (DSC) of the directors.
Utility bill
Utility bill of the proposed office i.e. proposed registered office for the company.
Faq
Frequently Asked Questions (FAQ)
A minimum of 3 Directors and 7 shareholders are needed to incorporate a Public Limited Company in India.
Any person who is 18 years or above in age is eligible to become Director in a Public Limited Company. Further, any NRI (Non-Resident of India) or foreign national can become a director of a Public Limited Company.
The term PLC is an acronym form for the “Public Limited Company”.
No, Shareholders and Directors are two people with different and distinct roles within a Public Limited Company. In laymen terms, a shareholder owns the business, whereas a director runs it.
Cognizant Advisors is the best to obtain on-time registration of Public Limited Company.
