A Public Limited Company is a counterfeit body that can be consolidated according to the arrangements of the Companies Act 2013 and managed in that. A Public Limited Company is an organization with restricted obligations and can offer its portions to the overall population.
In India, a public Limited Company can be enrolled with at least 7 investors (otherwise called supporters). Such supporters might be individual or corporate elements. There is no cap on the most significant number of investors which gives a restricted public organization in raising offer cash flow to any degree. After revision in the Companies Act, of 2013, there is no base capital cutoff.
There is a prerequisite of at least 3 chiefs who are people. Something like one of such chiefs should be an inhabitant Indian. The most extreme number of directors is 15 which might be expanded by passing a unique goal. Both the chiefs and endorsers need not be similar individuals.
What are the Benefits of a Public Limited Company?
Liability protection to Director's Personal Assets
Better Image and Credibility In Market
East to raise Fund and Loans
Easy Transfer of shares
Most Suitable for heavy Instruments
What is the difference between a Private Limited Company and a Public Limited Company?
Some of the differences between a Private Limited Company and a member are:
Basic | Private Limited Company | Public Limited Company |
Meaning | Private Limited Company is owned and Traded Privately. | Public Limited Company is owned and traded publicly on the Stock Exchange. |
Use of Suffix | Private Limited is used after the name of Private Limited company | Limited can be used after the public company name |
Minimum Numbers of Members | Minimum 2 members are required to form Private Limited Company | Minimum 7 members are required to form Public Limited Company |
Maximum Number of Members | The limit of the maximum number of members in a private limited company is 200 | The limit of the maximum number of members in a private limited company is 200 There is no limit of the maximum number of member in Public Limited Company. |
Transferability of Shares | Complete restriction through AOA | No restriction |
No of Directors | At least 2 Directors are required | At least 3 Directors |
Issue of prospectus | Prohibited to issue prospectus | can |
Consent of Directors | No need to give Consent | Must have to file with the registrar for a consent to act as a director |
Commencement of Business | Can start after the Certificate of Incorporation | Can only start after receiving the certificate of commencement of Business. |
Quoram | 2 Members | 5 members |
Disclosure of Financial Reports | No obligations to Disclose | Need to disclose its financial reports quarterly and annually. |
What all Documents are required for Public Limited company Registration?
Identity Proof of all the directors and shareholders.
Address Proof of all the directors and the shareholders.
PAN Card of all the directors and shareholders.
Utility Bill of the office that you have proposed as your Registered office for your Public Limited Company.
A No-Objection certificate from the landlord of your registered office.
DSC (Digital Signature Certificate) of the directors.
DIN (Director Identification Number) of all the directors.
The article of association.
What are the Advantages and Disadvantages of a Public Limited Company Registration In India?
Some of the Advantages of Public Limited Company Registration In India are:
Easily Raise Funds From the Public
Member have Limited liability
Freely transferable Shares
Expansion Opportunities
Better Financial Opportunities
Some of the Disadvantages of Public Limited Company Registration In India are:
More Legal and regulatory requirements
Lack of confidentiality
No Control over shares
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