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PUBLIC LIMITED COMPANY

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About

A public limited company is a voluntary association of members which is incorporated and, therefore has a separate legal existence and the liability of whose members is limited.

Its formation, working and its winding up, in fact, all its activities are strictly governed by laws, rules and regulations. The Indian Companies Act, 1956 contains the provisions regarding the legal formalities for setting up of a public limited company.

A company must have a minimum of seven members but there is no limit as regards the maximum number. Minimum 3 directors are required to form a company.

The company collects its capital by the sale of its shares and those who buy the shares are called the members. The amount so collected is called the share capital. Minimum share capital required is 5 lakh.

The shares of a company are freely transferable and that too without the prior consent of other shareholders or without subsequent notice to the company.

The shareholders of a company do not have the right to participate in the day-to-day management of the business of a company. This ensures separation of ownership from management. The power of decision making in a company is vested in the Board of Directors, and all policy decisions are taken at the Board level by the majority rule. This ensures a unity of direction in management.

As a company is an independent legal person, its existence is not affected by the death, retirement or insolvency of any of its shareholders.

Benefits

Limited Liability-
It has its own assets and liability. It is a legal entity which can be sued or sue or can hold and dispose of property in its name.
These businesses can raise large capital sum as there is no limit to the number of shareholders.
The shares of the business are freely transferable providing more liquidity to its shareholders.
The company will exist and continue its work even if any of the shareholder die.
Financial Institutions and banks easily provide funds and loans to a Public limited Company. It can raise additional capital by issuing more shares or debentures and also have an option to issue shares on stock exchange.
Public Limited Company have better image and credibility as compare to the other forms of companies,due to which banks and financial instituions easily provide funds and loans to a Public Limited Company.
A lot of people confuse public limited companies as being those that are listed on a stock exchange. While all listed companies will necessarily be public limited the reverse is not true. But now, small companies can issue shares on stock exchange or can issue IPO.

Documents Required

Individual / Director

Pan Card

Aadhar card/ Voter ID/ Passport/ Driving License of the Director

Latest Bank Statement (should not be older than two months)

Lates Passport Size Photograph

For the Registered Office

Copy of Property Paper (if self owned Property)

NOC

Electricity Bill (should not be older than two months)

Rent Agreement

Package Includes

Basic

29999

all inclusive fees

2 Digital Signatures (2 Class )

2 DIN

Name Approval

MOA/AOA (Soft Copy)

Copy of Certificate of incorporation

Copy of Certificate of incorporation

Pan & Tan

Capital 5 to 10 lakh

Includes Government Fees

Excludes Stamp Duty and Forign National

MSME Registration Certificate

21 Useful Legal Agreements/ letters Template

Sample Invoice( GST)

Resolution for Opening a Bank Account

Gold

49999

all inclusive fees

2 Digital Signatures (2 Class )

2 DIN

Name Approval

MOA/AOA (Soft Copy)

Copy of Certificate of incorporation

Pan & Tan

Capital 5 to 10 lakh

Includes Government Fees

Excludes Stamp Duty and Forign National

Income Tax Return Filing

GST Registration

Annual Report

Directors Report

Board Resolution Preparation

MCA Annual Return Filing

One Time Consultation

MSME Registration Certificate

21 Useful Legal Agreements/ letters Template

Sample Invoice( GST)

Resolution for Opening a Bank Account

Dimoand

64999

all inclusive fees

2 Digital Signatures (2 Class )

2 DIN

Name Approval

MOA/AOA (Soft Copy)

Copy of Certificate of incorporation

Pan & Tan

Capital 5 to 10 lakh

Includes Government Fees

Excludes Stamp Duty and Forign National

Income Tax Return Filing

GST Registration

Annual Report

Directors Report

Board Resolution Preparation

MCA Annual Return Filing

12 GST Return Filing (GSTR-3B or GSTR-1) upto 100 transction per month

4 Tds Returns up to 50 transaction per return

60 Min CA Consultation

MSME Registration Certificate

21 Useful Legal Agreements/ letters Template

Sample Invoice( GST)

Resolution for Opening a Bank Account

Customize

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Make a Package according to your specifications at a very reasonable price

Submit your Reqiurment

How long will it take?

DSC

1 Working Day

DIN

1 Working Day

Name Approval

Approx 5 Working Days

Incorporation Documents

Approx 8-13 Working Days

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