REGISTRATION BUSINESS AS PUBLIC LIMITED COMPANY

A public limited company is integrated and included for the large resources and investments desires, needs and is an appropriate alternative or selection for large scale businesses or commerce that necessitate and have need of enormous resources, investments so that it can be raised from the public at huge from beginning to end Public concern and issue of Shares. A Public Limitedcompany registration is the biggest or prevalent form of commerce or corporation obtainable and presented in India. Public limited company is a huge company and is formed and created in order to raise financial support and funding from public all the way through IPO etc. and also there is no boundary, perimeter on maximum no. of members on the other hand, after 500 members, SEBI authorization is necessary and essentials.

Public limited company registration can be registered with a minimum of three directors and seven subscribers and a person can be both a director and shareholder in a Public Limited Company. You can get the help from the Ignislegalcare for to get the public limited company registration in just short span of time or in short period of the time with no problem with the quick and reliable manner. You can call on +91- 9829303123 or email Ignislegalcare for the free consultation and for to get in touch with our compliance manager.

FEATURE AND ADVANTAGES OF PUBLIC LIMITED COMPANY

1)    SEPARATE LEGAL EXISTENCE: A Public Limited Company registration is a take apart officially permitted distinctiveness, individuality or identity in the judgments of the law and as according the regulations. It means or in that way assets and liabilities of the business or commerce are not same as the assets and liabilities of the directors and shareholders. Both are considered as different.

2)    LIMITED LIABILITY: If the private limited company suffers financial or economic distress, the individual and not public assets of members/shareholders cannot be used for paying the amount outstanding and debts of the Company.

3)    MULTIPLE AVENUES OF FUNDING: Public Limited Company can raise funds from individuals as well as from financial institutions. The funds may be raised via equity shareholding, preference shareholding or debentures.

4)    4. MANAGEMENT AND OWNERSHIP SEPARATION: The shareholders assign responsibility to operate and run the company without losing control in the form of voting.

5)    EASY TRANSFERABILITY OF SHARES: This is one of the main recompense and advantage of a Public Limited Company. The shares can be without difficulty transferred and move by a shareholder to the others individuals.

MINIMUM REQUIREMENTS TO REGISTER PUBLIC LIMITED COMPANY

1)    UNIQUE NAME OF COMPANY: The planned and purposed name of the company has to be only one of its kind one and must not be comparable or be similar to with a breathing company or LLP or Registered Trademark or Trademark useful and applied for.

2)    CAPITAL REQUIREMENT: There is no necessity and compulsory of smallest amount paid up investment to schedule and register a Public Limited Company. Capital can be made as per needs of commerce or business.

3)    MINIMUM SEVEN PERSONS: A Public Limited Company can be registered by at least seven persons, who shall act as the shareholders and directors of the company and out of which at Least One Director must be inhabitant in India.

4)    MAIN OBJECTS OF THE COMPANY: To explain or illustrate business activities of the company, foremost matter and object of the company have to be individual and specified before configuration and arrangement of company.

DOCUMENTS REQUIRED TO REGISTER PUBLIC COMPANY

·         Photograph of All Directors and Shareholders

·         Self attested Copy of Pan Card of All Directors and Shareholders

·         Self attested Copy of Address Proof  viz. Bank Statement/Electricity Bill/Mobile Bill/Telephone Bill, any one

·         Rent Agreement/Ownership  Documents and Utility Bill of the Registered Office of the Company

·         Self attested copy of Aadhar Card/Voter ID/DL/Passport, Any one of All Directors and Shareholders

E-mail ID/Mobile No/Place of Birth/Educational Qualification/Duration of Stay etc.