A company grants financial obligation to its homeowners and management. Being a public company permits a firm to sell shares to investors this can be beneficial in raising capital. A minimum of 3 administrators square measure needed for establishing a Public company and it’s a lot of rigorous regulative necessities compared to a non-public company.
Public restricted corporations square measure those varieties of corporations wherever minimum variety of members is seven and there’s no cap on the utmost variety of members. A public company has most of the characteristics of a non-public company. A public company has all the benefits of personal company and also the ability to own any variety of members, ease in transfer of property and a lot of transparency. Distinguishing marks of a public company square measure name, variety of members, shares, formation, management, administrators and conferences, etc.
Reasons to Register a Limited Company
Separate Legal Entity
A company may be a legal entity and a legal person established beneath the Act. so an organization sort of organization has wide legal capability and may own property and conjointly incur debts. The members (Shareholders/Directors) of an organization don’t have any liability to the creditors of an organization for such debts.
Shares of an organization restricted by shares square measure transferable by a stockholder to the other person. Filing and linguistic communication a share transfer kind and surrendering the customer of the shares together with share certificate will simply transfer shares.
A company being a legal person, will acquire, own, get pleasure from and alienate, property in its own name. No stockholder will build any claim upon the property of the corporate see you later because the company may be a going concern.
A company has ‘perpetual succession’, that’s continuing or uninterrupted existence till it’s wrongfully dissolved. A company, being a separate legal person, is unaffected by the death or different departure of any member however continues to be living no matter the changes in membership.
A company enjoys higher avenues for borrowing of funds. It will issue debentures, secured moreover as unsecured and may conjointly settle for deposits from the general public, etc. Even banking and monetary establishments like better to render massive monetary help to an organization instead of partnership corporations or proprietary considerations.
DOCUMENTS REQUIRED FOR PLC REGISTRATION
Identity and Address Proof
Identity and address proof are needed for all administrators and shareholders of the corporate to be incorporated. Just in case of Indian nationals, PAN is obligatory. For foreign nationals, apostilled or notarised copy of passport should be submitted compulsorily. All documents submitted should be valid. Residence proof documents like statement or electricity bill should be but a pair of months recent.
Registered office Proof
All firms should have a registered workplace in India. To prove access to the registered workplace, a recent copy of the electricity bill or land tax receipt or water bill should be submitted. Alongside the utility bill, rental agreement or sale deed and a letter from the owner with his/her consent to use the workplace as a registered workplace of a corporation should be submitted.
How we help with public limited company incorporation
Ali Tax World can incorporate a Public Limited Company in 14 to 20 days, subject to ROC processing time.
Got questions? Request a call from an Ali Tax World Business Advisor.
Obtaining DSC & DIN
Digital Signature Certificate(DSC) and Director Identification Number(DIN) is needed for the projected administrators of the general public company. DIN and DSC will be obtained for the projected administrators among five to seven days.
A minimum of 1 and a most of six projected names should be submitted to the MCA. Subject to accessibility, naming pointers and MCA interval, Name Approval will be obtained in five to seven operating days.
Incorporation documents will be submitted to the MCA beside associate degree application for incorporation. MCA can sometimes approve the appliance for incorporation in five to seven days, subject to their interval.
ALI TAX WORLD
Uttar Pradesh’s Largest Business Services Platform
Ali Tax World Mission
We help Entrepreneurs start and operate successful businesses
Ali Tax World is Uttar Pradesh’s largest online business services platform dedicated to helping people easily start and manage their business, at an affordable cost. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.
Ali Tax World partners with a network of experienced Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers, Ex-Bankers and Financial Experts across India to provide a comprehensive range of services for small and medium sized enterprises.