What is Public Limited Company registration?
A Public Limited Company has more credibility and transparency in business than a private limited company. Public limited company has high financial exposure to source capital from the Public as Equity or debenture or deposit. A public limited company can register with a minimum of three Directors, and Public limited always preferred if you have a broad vision from startup to IPO.
A public limited company has all the advantages of the Private limited company and the ability to have the unlimited number of members; shares can be quickly sold or and offer more transparency for shareholder lenders, creditors, and bankers.
Advantage of Public Limited Company
Liability of Members and Directors of the Public limited company is limited to their shares. It means that if the company suffers from any loss and faces financial distress because of primary business activity, the personal assets of shareholders / Members / Directors will not be at risk of being seized by banks, creditors, and government.
Continuity of Existence
The life of a business is not affected by the status of shareholders, and even after the death of the shareholder Public limited company continues to exist.
A Public limited company enjoys unlimited source for the borrowing of funds. The public limited company can issue debentures, equity and can also accept deposits from the public. Financial institution even prefers to render financial assistance to large public limited company
From Directors and Shareholders
- PAN Card or Passport or Election ID Card
- Latest Bank Statement/Telephone or Mobile Bill
- Voter’s ID/Passport/Driver’s License
- Passport-sized photograph of all directors and shareholder
- Scan copy of Signature (signature should same as on PAN Card)
- For Proposed Registered Address (Residential/Commercial)
- Any Utility bills Scan copy of Rent agreement with NOC from owner