Welcome
-------------- Welcome to Taxcellent !! We Serves you better !! -------------- Income Tax Return Filing For A.Y 2024-2025 is Enable. File Your ITR with our Expert Professional --------------
PUBLIC LIMITED COMPANY
As per the definition under Section 2(71) of the Companies Act, 2013 Public Limited Company is defined as: a company which is not registered as a private company, a company with minimum paid-up share capital of Rs 5 lakh.
A Public Limited Company is a company that has limited liability and the shares are offered to the general public. For incorporation of your company, a minimum of 7 shareholders & 3 directors is required. The directors can also be shareholders along with other public. Public Limited Company has all advantages of a private limited company. The shareholders in public limited company can purchase and transfer their shares with great ease. The liabilities are limited. Registering as a Public Limited Company is a suitable option for a large scale business that requires tremendous capital.
What should we take care of, before commencing business of Public Limited Company?
You should have the minimum required legal pay up share capital, directors, shareholders for starting with the Public Limited Company.
You should get DIN number and DSC from the proper authorities for directors of Public Limited Company.
The directors have to be individuals who are of Indian nationals and the total number of directors cannot exceed 50.
You should have the proper address of the Registered Office of the Company before applying for Public Limited Company. Registered Office address should be registered with registrar of Companies under whose jurisdiction the office location falls.
Also, before registering you will need the name of the Company which has to be approved by ROC. It is always a good idea to provide a list of names in the order of preference that you want, in case a particular name is not available.
Once your company's name is approved by ROC, the crucial documents of the Company – MoA and AoA should be executed. Once all the documents have been prepared, they are submitted to the ROC for verification.
Registration and COI
Once verification is done, ROC registers the company and issues a Certificate of Incorporation along with the CIN number of the Company.
Certificate of Commencement of Business
A public limited company has to apply for Certificate of Commencement of Business within 180 days of receiving the COI, only after which they can start the business.
Well throughout our plans
Pricings
STARTUP
27989
- 8- CLASS -3 DIGITAL SIGNATURE
- 4 - DIN
- 1 RUN NAME APPROVAL*
- UP TO 10 LAKH AUTHORISED CAPITAL
- INCORPORATION FEE
- STAMP DUTY*
- CERTIFICATE OF INCORPORATION
- MOA & AOA
- GST REGISTRATION
- EPF & ESI REGISTRATION
- PAN & TAN
- SHARE CERTIFICATE
Buy Now
Executive
47989
- 8- CLASS -3 DIGITAL SIGNATURE
- 4 - DIN
- 1 RUN NAME APPROVAL*
- UP TO 10 LAKH AUTHORISED CAPITAL
- INCORPORATION FEE
- STAMP DUTY*
- CERTIFICATE OF INCORPORATION
- MOA & AOA
- GST REGISTRATION
- EPF & ESI REGISTRATION
- PAN & TAN
- SHARE CERTIFICATE
- BUSINESS COMMENCEMENT CERTIFICATE
- BOARD RESOLUTION PREPARATION
- ACCOUNTING SOFTWARE
- 6 MONTH GST RETURN FILING
Buy Now
PREMIUM
69989
- 8- CLASS -3 DIGITAL SIGNATURE
- 4 - DIN
- 1 RUN NAME APPROVAL*
- UP TO 10 LAKH AUTHORISED CAPITAL
- INCORPORATION FEE
- STAMP DUTY*
- CERTIFICATE OF INCORPORATION
- MOA & AOA
- GST REGISTRATION
- EPF & ESI REGISTRATION
- PAN & TAN
- SHARE CERTIFICATE
- BUSINESS COMMENCEMENT CERTIFICATE
- BOARD RESOLUTION PREPARATION
- ACCOUNTING SOFTWARE
- UDHYAM REGISTRATION
- 1 YEAR DEDICATED COMPLIANCES SUPPORT
- DIRECTOR REPORT
- MCA ANNUAL FILING
- 1 YEAR INCOME TAX RETURN FILING
- TRADEMARK FILING
- 1 YEAR GST RETURN FILING
Buy Now
Advantages
-
The PLC is considered a separate legal entity from its shareholders and directors. It has an independent existence and it has its own PAN, bank accounts, contracts, assets, licenses, and liability.
-
This is the biggest advantage of a Public Limited Company. The shares can be easily transferred by a shareholder or individual to another or organization either in India or abroad.
-
Public Limited Company can get funds from individuals, financial institutions and banks as well at times. These funds can be raised through equity shareholding, debentures, preference shareholding.
-
The shareholders of a PLC are given Limited Liability Protection. If an unexpected liability situation occurs then the same would be limited only to the company's liabilities and not affect any of the shareholders.
Disadvantages
Ultimately, shares control company ownership. Shares count for votes in PLCs, which means if you sell off more than 50% of your company, there is the potential for shareholders to take over and even eject you from the business.
The value of a private limited company is very much tied to internal assets, investments and trade. However, the same cannot be said for a public limited company. Stock value dictates success. We’ve all heard of companies collapsing as their share values plummet due to external issues.
By entering the public domain, corporations must adopt more rigorous legal practices to provide transparency to shareholders and protect them against any potential ramifications the company is subjected to based on PLC law.
FAQs Section
-
A Public Limited Company should have a minimum of 3 Directors and 7 shareholders. The maximum number of directors is 50 and shareholders can be unlimited.
-
Yes, an NRI or Foreign person can be a director in a PLC. But for being a director the person has to obtain a DIN Number. However, at least 1 Director on the Board of Directors has to be a Resident of India.
-
You can start a Public Limited Company with any amount of capital. But, you have to pay a fee to the Government for issuing you a minimum of shares worth Rs.5 lakhs during the company incorporation.
-
No, there is no need to show proof of capital invested during the incorporation process.
-
No, you will not have to be present at our office or appear at any office for the incorporation of a Limited Company.
-
DIN is an acronym used for Director Identification Number. It is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a DIN Number.
Our Benefits
Why Choose Us ??
Our Mission