Public Limited Company

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Incorporation of Public Limited Company - Exclusive of government fee & stamp duty
19999 /All inclusive price
Public Limited Company

A public company is a corporation whose ownership is open to the public. In other words, anyone can buy the shares of a public company. There are no restrictions to the number of members of a public company or to the transferability of shares. It should have at least 7 members and 3 directors.

It has required more stringent regulatory requirements as compared to a Pvt. Ltd Company.

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    Advantages of Public Limited Companies
    1. 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.
    2. More attention: Being listed on a stock market ensures that mutual funds, hedge funds and other traders take note of the business of the company. This may result in better business opportunities for the Public Limited Company.
    3. Spreading risk: Since the shares are sold to the public at large the unsystematic risk of the market is spread out.
    4. Growth and expansion opportunities: Due to less risk, there is a perfect opportunity for growing and expanding the business by investing in new projects from the money raised through shares.
    Requirements for Registration of a Public Limited Company

    There are various rules and regulations prescribed under the companies act, 2013 for the formation of a public limited company.  Here is what you should keep in mind when registering a public limited company:

    • Minimum 7 shareholders are required to form a public limited company.
    • Minimum of 3 directors is required to form a public limited company.
      A minimum share capital of Rs. 5 lakhs is required.
    • Digital signature certificate (DSC) of one of the directors is needed while submitting self-attested copies of identity and address proof.
    • Directors of the proposed company will need a DIN.
    • An application is required to be made for the selection of the name of the company.
    • An application comprising the main object clause of the company is to be made. This object clause will define what a company will pursue after its incorporation.
    • Submission of the application to ROC along with the required documents like MOA, AOA, duly filled Form DIR – 12, Form INC – 7 and Form INC – 22 is needed.

    Payment of the prescribed registration fees to the ROC is required.
    After obtaining approval from the ROC, the company should apply for the ‘certificate of business commencement.