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All you need to know
A Public Limited Company means a company that is able to offer its shares to the public. The Company has a separate legal existence in which there is voluntary association of members and the liability of the members is limited. A public company can be of two types i.e. Unlisted Public Company or Listed Company on the Stock Exchange. Public Limited Company enjoys various options to raise funds through the general public, bank loans and institutional investors.
A Public Limited Company is mostly established to generate capital from external sources i.e. the general public for starting a business, business expansion, global expansion etc. This type of corporate structure is suitable to the large organizations which have a higher growth possibilities and wide perspective rather than a small company working locally.
If the entrepreneur is planning to raise funds from public through initial public offer (IPO) then start your business by incorporating public limited company. It is the highest corporate structure to start with. A public limited company can have any number of members and the shares are also easily transferable. The liability of the members is limited up to subscription made by the member in the paid up capital of the company.
QuickBiz is a technology driven platform which offers legal & financial services over its team of professionals. Before applying this services applicant should know the list of advantages of this service in India.
A public limited company is a separate legal entity which possess all the rights to sue or to be sued. A company is a separate legal entity from its promoters/owners and management in the eyes of law. It acts an artificial person which can buy a property on its own name and it can operate on its own name.
A Public company can enjoy unlimited sources for borrowing funds. Public limited company is considered as a corporate entity that attracts various angel investors and venture capitalists that helps them to expand and raise their funds for the growth of their business. A public limited company can issue equity shares, debentures and can accept deposits from the general public. It can also borrow from various financial institutions.
A registered corporate entity such as public limited company are considered more trustworthy as compared to the non-registered ones. The particulars of the company are available on a public database, which improves the credibility of the company as it makes it easy to authenticate the details. Vendors, suppliers and investors trust them over the other business structures. As a result, it enhances the brand value of the company amongst the customers and other investors and suppliers.
A shares of public limited company are traded on stock exchange for the shares can be easily transferable between the members and people trading in the stock exchange.
If the company goes into liquidation, the personal assets of the members will not be used to pay off the liability of the company. Their liability remains limited only up to capital subscribed and unpaid by them.
Our mission is to offer excellent support to our client in respect of all the legal compliances on affordable rates. Have a look at the list of documents required to avail this service.
The registration of public limited company is complete online process to be done through Ministry of Corporate Affairs (MCA) website. Recently the MCA has done away with the earlier SPICe form and came up with a new web form called SPICe+ (SPICe Plus). Hence, incorporating a Public Limited Company is now easier than before.
It generally takes 15 working days to register Public Limited Company in India. The time taken for registration is dependent on the submission of relevant documents by the client and the time taken by Government for Approvals. To ensure that the registration is done quick and speedy, choose a unique name for your Company.
Minimum 3 directors are required and maximum upto 15 directors can be appointed in private limited company.
Yes, A foreign can be a director in a public limited company in India subject to the condition that such person much possess the DIN issued by MCA .
The minimum number of shareholders required in a public company is 7 but there is no limit on the maximum number of shareholders.
The DSC is an instrument issued by certifying authorities by which you can sign electronic documents. As all documents needed are electronic, partners need a DSC.
Director Identification Number is a unique number allocated by the Ministry of Corporate Affairs to Individuals on whose name the application is made, allowing an individual to be a Director in any Company or Designated Partner in an LLP.
Authorised capital means the maximum amount of capital that a company can raise by way of issue of shares at present or in the future. Whereas, the Paid-up Capital refers to the actual amount which iss raised by a company till now i.e.; amount paid by the shareholders on the issuance of shares. One can register a company in India by any amount of paid-up capital which can be less or equal to the authorized capital but not more than the authorized capital.