Public Limited Company Registration
What is Public Limited Registration ?
Public Limited Companies are companies whose shares are traded in stock market or issues fixed deposits. For Public Limited Company Registration, the company must have minimum 3 Directors, 7 Shareholders and Maximum 50 Directors and need Rs 5 Lakhs of Paid up Capital. A Public limited company have all the advantages of Private Limited Company and the ability to have any number of members, ease in transfer of shareholding and more transparency.
Advantages of Public Limited Registration
Limited Liability
Liability of shareholder for the losses of the company is limited to their contribution only.
Perpetual Succession
A business of the Company will not affect if there is any change in the ownership of the company.
Listing on Stock Exchange
Public Company can be listed on stock exchange and raise funds by way of public issue.
Transferable Shares
Shares of a public company are freely transferable between its members and non-members.
Disclosure & Transparency
The public company ensures stringent disclosure compliance. Financials of the company is in public domain.
Minimum Directors & Shareholders
Minimum 3 directors, Minimum 7 shareholders required and there is no limit on maximum shareholders of the company.
Documents required to register a Public Limited Company
- Latest Passport size photograph of Shareholders and Directors
- PAN Card of shareholders and Directors.
Foreign nationals must provide a valid passport. - Voter ID/ Passport/ Driving License of Shareholders and Directors
- Telephone Bill /Electricity Bill/ Latest Bank Account Statement of Shareholders and Directors
- Electricity Bill/ Telephone Bill of the registered office address in India
- No Objection Certificate to be obtained from the owner(s) of registered office
- Rent Agreement of the registered office should be provided, if any