PUBLIC LIMITED COMPANY REGISTRATION
A Public Limited Company registration in India is the best suitable business structure for entrepreneurs who are planning for large-scale business operations and planning to list their shares on stock exchange. 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 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 of Public Limited Company Registration
- Limited Liability: Shareholders of the public company enjoy the benefits of limited liabilities under which their assets are safe and cannot be used to clear the debts and losses of the company.
- Perpetual Succession: Public Limited Company has a perpetual succession, which means in case of death, retirement, insanity, and insolvency of one or more members/ shareholder/ directors, the company still continue its existence until it is legally dissolved.
- Easy to Fund Raising: A public company can enjoy unlimited sources for borrowing funds. It can issue equity, debentures and can accept the deposits from the general public by selling its shares. Moreover, most of the financial institutions find public companies more prominent than other unregistered companies.
- Growth and Expansion Opportunities: There is a perfect opportunity for growing and expanding the business by investing in new projects from the money raised through shares.
- More Capital: Shares are offered to the general public at large i.e. anyone can invest in a public limited company. Hence, improves the capital of the company.
- Spreading Risk: The shares are sold to the public at large the unsystematic risk of the market is spread out.
Public Limited Company Registration in india
Registration Criteria for Public Limited Companies
- Minimum three Director
- Minimum Seven Shareholders
- DIN for all Director
- All the Public limited companies must add “Limited” word at the end of their name. it is denoted as an identity of a public company.
Documents Required for Company Registration
- Self-Attested Pan Card of Shareholder and Director
- Self-Attested passport, Voter Id card, Driving License, Aadhar Card
- All Directors and Shareholders shall provide Latest Bank Statement not older than Two Months
- Company Address: Latest Electricity Bill, Phone Bill, Gas Bill, not older than Two Months Can be used as proof of the registered office address
- Any Two Director recent passport size photo
- Every Director and Shareholder email id and phone no
