Public Limited Company
A Public Limited company means a company whose shares can be traded freely. PLC is the biggest form of business registration where minimum 5 Directors and 7 Shareholders can form it and has no limit to its members. The biggest benefit is it can raise huge capitals in form of issuing shares and debentures. A Public limited company can purchase property in its name, without any shareholder making claims for owning it until the company is in existence. It has the maximum borrowing capacity. It is easier for a PLC to collaborate and be a part of the international business and even be called as a multinational company. Compliance part is on a higher side for a Public Limited company to maintain its legal decorum. Shares can be easily transferred to other people through issuing of Share Certificates. PLC also enjoys the Perpetual Existence benefits means a company is not affected by any death or nonexistence of any of its members it remains unaffected in all ways. Limited Liability feature attached. Envizi provides you the best services for Private Limited registration, OPC registration, LLP registration, PLC registration, Trademark registration, Logo registration, Copyright registration, ISO certifications etc. ENVIZI provides you the best services in India for Private Limited registration, OPC registration, LLP registration, PLC registration, Trademark registration, Logo registration, Copyright registration, ISO certifications etc.
Advantages of Public Limited Registration
The greatest benefit of public limited companies is limited liability. If anything happens to the company, its members are not personally affected; members are only liable for unpaid shares. Personal Assets are secured.
The feature of perpetual succession gives you the freedom to easily add or remove members in the company. There won’t be any harm to the company’s existence.
A company can borrow funds through bank loans, Investors, Venture capital, Brand Funding and various wide options available for the company format
The public limited company has a separate legal entity, It is like a separate individual apart from the Stakeholders. Public Limited company creates a brand value in the market and people see it as a company, not as a proprietorship/partnership firm. Other benefits include a larger scope of business, good employees, ease of business with MNCs.
Due to any reason if the company does not want to be run by existing stakeholders, one can transfer the rights and authorities to other or new Directors and Shareholders easily and without much hassles. Everything can be transferred or changed, the name of company, directors, shareholders, business Activity, registered office address. Or even the company can be sold off easily.
Along with being the Directors and Shareholders, they can have a dual relationship with the company they can be suppliers, lenders, client, employee etc.
To form a Public Ltd Company the minimum authorized capital required is RS 5,00,000
Public Ltd Company requires highest annual compliance to be done.
- PAN Card
- Identity proof
- Address proof
- Office Address Proof
- Example: Voting Card, Driving Licence, Passport
- Example: Passbook, Utility bills
What You Get
- Director Identification No (DIN)
- Digital Signature (DSC)
- Name Approval Certificate
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Certificate of Incorporation
- Company PAN
- Current Bank Account Opening Assistance
- GST Registration
- Minimum 3 Directors. A minimum number of shareholders is 7. There is no restriction on a maximum number of shareholders.
- The directors and shareholders can be the same person
- Minimum Share Capital shall be Rs. 500,000 (INR Five Lac)
- DIN (Director Identification Number) for all the Directors
- DSC (Digital Signature Certificate) for one of the Directors
Steps For Public Limited Company Registration
Provide Basic Documents of Directors
Apply for DSC (Digital Signature)
Envizi will prepare Legal Documents
Envizi will file documents with ROC
Get Certificate of Incorporation
Commencement of Business