A Public Limited Company is a Company limited by shares in which there is no restriction on the maximum number of shareholders, transfer of shares and acceptance of public deposits. The liability of each shareholder is limited to the extent of the unpaid amount of the shares face value and the premium thereon in respect of the shares held by him. However, the liability of a Director / Manager of such a Company can at times be unlimited. The minimum number of shareholders is 7.
Benefits of Public Limited Company
Raising capital through Public issue of shares: The most obvious advantage of being a public limited company is the ability to raise share capital, particularly where the company is listed on a recognized exchange.
Widening the shareholder base and spreading risk: The most obvious advantage of being a public limited company is the ability to raise share capital, particularly where the company is listed on a recognized exchange.
Growth and expansion opportunities:
The value and chances of being able to raise finance are in how it can be employed to serve the business. By having more finance potentially more readily available and on better terms than a private company, the public limited company can be in an advantageous position to:
1. Pursue or gain new projects, new products or new markets
2. Grow capital expenditure to support and enhance the business
3. Make acquisitions (whether in cash or by offering shares to the shareholders of the target business)
4. Acquire funds for research and development
5. Pay off existing debt (or replace existing debt with new debt on better terms)
Exit Strategy: Going public can enhance the options for the founders to exit the business at some point in the future if they wish to do so. Both higher transferability of shares and the increased visibility of the business and its performance may increase the chances of bid interest from potential suitors.
Apply for DSC
Apply for DIN
Name Approval Application
Preparation of MOA & AOA
Incorporation Application filing
Getting Certificate of Registration
Applying for PAN & TAN
For Directors and Shareholders (In Scan only):
Identity Proof - Anyone (Election ID/Passport/Driving License/Aadhar Card)
Address Proof - Anyone and Latest by One Month (Bank Statement/Mobile Bill/Telephone Bill/Electricity Bill)
Note: Aadhar Card/DL/Passport/Voter-ID will not be accepted as Address proof.
For Registered Office (In Scan only):
In case the premises are Rented Rent agreement (Notarized) + Latest Electricity bill + NOC from the Owner in the name of any Director.
In case the premises are owned by any Director or any Relative Registry Proof or House tax receipts + Latest Electricity bill + NOC from the Owner in the name of any Director.