We help you register Public Limited Company. It is the ideal choice of corporate entity for average and big sized businesses that elevate equity capital from the public.
In a Public Limited Company (PLC), proprietors, promoters, and shareholders have limited liability as in a limited liability company (LLC). Its shares can be offered to the general public during an initial public offering or through trades on the stock market; which is advantageous in raising capital. A PLC status serves to assure investors, or any party negotiating with the company. At least three directors are essential for constituting a Public Limited Company. It has more rigid regulatory necessities as contrasted with a Private Limited Company. It has also to meet ongoing disclosure and filing requirements of the stock exchange where it is listed.
In a Public Limited Company, there is a no limit on the maximum number of members. A Public Limited organisation has a large number of the attributes similar to a Private Limited organisation. A Public Limited company has every benefit of a Private Limited organisation and the capacity to have a large number of members and investors, compliance with shareholding on stock exchange and more transparency. The name, number of individuals, shares, formation, administration, executives, and annual general meetings, and so forth, are clearly spelt out in a Public Limited company. A PLC is constituted by the filing of Article of Association and Memorandum of Understanding that describe its purpose, membership and raising of capital.
A Public Limited organisation is a lawful entity and a juristic individual registered under the Companies Act. In this manner, an organisation has a wide lawful capacity and can own properties and furthermore obtain debts. The individuals (Shareholders/Directors) of a Public Limited company are not liable to personal risks to losses and debts incurred by the company.
The shares of a Public Limited organisation are easily transferable by an investor to some other individual. Documenting and signing a share exchange form and giving the purchaser the shares with a certificate of the share can be done easily.
A Public Limited company has a 'perpetual succession’, that is, continuous existence until the point that it is legitimately dissolved. Being a separate lawful entity, such an organisation is unaffected by the demise of any promoter/director or its takeover. It continues to exist regardless of the adjustments in ownership/membership.
A Public Limited is a juristic entity. It can secure, claim, appreciate and estrange property in its own particular name. No investor can make any claim on the property of the organisation as long as the organisation continues in operation.
Being a PLC also means that the risk is evenly spread out. It can access several avenues to acquire funds. It can issue debentures, secured and additionally unsecured, and can likewise acknowledge investments from the general population, and so forth. Notwithstanding the requirement of keeping money for budgetary provisions, it can borrow funds from diverse sources, and attract interest and investment from hedge funds, mutual funds and other traders, unlike partnership firms or proprietary concerns. It can undertake growth and expansion, pursue new projects, buy more products, pay off debt and fund R&D initiatives.
You need to furnish the identity and address proofs for all members and investors/shareholders of the organisation. If you are an Indian nationals, PAN is compulsory to submit. For foreign nationals, apostilled or legally approved valid copy of the passport must be submitted. All records submitted must be legitimate. Residence proofs like bank statement or electricity bill should not be less than two months old.
A Public Limited organisation must have a registered office in India. To demonstrate access to the registered office, you are required to submit a current scanned copy of the power bill or property tax receipt or water charge. You must submit the rental agreement or deal deed and a letter from the proprietor with his/her permission to let you utilise the workplace as a registered office of your organisation, along with the utility bill.
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