2000+
50+
100%
8+ Years
1. Collect documents for at least 3 directors and 7 shareholders.
2. We file SPICe+ for your public limited company.
3. You can get registration in no time.
Introduction
Under the Company Act 2013, a public limited company is one that has limited liability and sells shares to the general public.
Anyone can buy its stock, whether privately, through an initial public offering (IPO), or through stock market exchanges.
A Public Limited Company is governed by tight rules and is obligated to disclose its genuine financial condition to its shareholders.
A public limited company in India can be formed with as few as seven shareholders (also known as subscribers). Individuals or businesses can become subscribers. A public limited corporation can raise share capital to any extent because there is no limit on the number of shareholders it can have. There is no minimum capital requirement anymore, according to a 2013 modification to the Companies Act.
There is a requirement of minimum 3 directors. At least one of such directors must be a resident Indian. Both the directors and subscribers need not be the same person.
Benefits of Public Limited Company
Better business opportunities:
The fact that a company is listed on a stock exchange ensures that mutual funds, hedge funds, and other traders are aware of its operations. This may provide the Public Limited Company with more business opportunities.
Spreading risk:
Since the shares are sold to the public at large the unsystematic risk of the market is spread out.
Capital abundance:
A public limited company's shares are available to the entire public, which implies that anyone can invest. As a result, the company's capital is increased.
Growth and expansion opportunities:
Due to less risk, there is a perfect opportunity for growing and expanding the business by investing in new projects from the money raised through shares.
Eligibility Criteria
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Required Documentations
Features of Public Limited Company
01
Freely transferable:
Due to the ease with which shareholders can exchange shares in a public limited company, they are preferred by both retail and institutional investors.
02
No Capital limitations:
A public limited company is appropriate for capital-intensive businesses with high funding requirements since it can take funds from the general public.
03
Separate Legal Entity:
It is a legal entity that exists independently of its shareholders and directors. As such it can own assets and obligations in its own name.
04
Limited Liability:
Shareholder’s liability is limited to the amount of capital invested by them.
Process
01
Verification of documents
02
Name approval through SPICe+ Part A, with ‘Limited’ at the end of the name
03
Obtaining DSC (Class 3) and DIN as required above. However, in new companies DIN can be obtained within SPICe + facility for up to 3 directors
04
Incorporation with an e-MOA and e-AOA drafted for a public company, including share transfer and board provisions
Filing of the commencement of business declaration (INC-20A) within 180 days.
Why Companies Trust Finaccle
Finaccle provides one-stop integrated Financial-Accounting-Legal solutions to its clients.
You get all financial, taxation, accounting and legal solutions under one roof.
We provide End-to-End Support for the registration process.
We ensure seamless paperwork.
Quality is what we pursue.
We are always Accessible, Approachable and Accountable.
You can connect with us through mail, WhatsApp, call or personal visit.
We shall provide you the result that will move you.
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Got a question?
We've got answers.
Can a Minor become a director of the company?
No, as per the Act, it is mandatory that the director needs to be at least 18 years of age.
Can a startup be registered as a Public Limited Company?
Does the director of a Public Limited Company have any obligations to pay off the creditors of the company?
How many Persons are required to incorporate a public limited company?
Is the Board meeting of a Public Limited Company mandatory?
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