THE PREMIUM BUSINESS ENTITY
- Highly Recommended if you aspire for nothing but the best.
- Get Unlimited FUNDING from Investors
- GROW your Business to its MAXIMUM
- Be a Proud OWNER of a PUBLIC LIMITED COMPANY.
- All major businessess have been built on a Public Limited Company Modal.
ADVANTAGES
- Limited Liability of Owners
- Easy to Procure Funds from Investors
- Ease of obtaining Loan from Banks
- Ease of Transferring Ownership
- Perpetual Succession: Business Shall Continue Even After You
- Access to Unlimited Funding World Wide
- Advantages of getting listed on Stock Exchange
CONSTRAINTS
- Minimum 7 People are required to Start a Public Limited Company
- Heavy Compliances
- Heavy penalties for non compliance
DOCUMENTS REQUIRED
FOR REGISTRATION
Identity proof for Partners
Address proof for Partners
Address proof for Company address along with NOC from landlord.
Public Limited Company
What is Limited Liabilty:
Limited Liability is a good thing for the owners. It simply means that the owners (shareholders) will not be personally responsible for the loans & debts taken by the company and also for the activities of the company.
Is my Company Different from Me?
YES. Your company is different from you. Your company can buy/sell properties in its own name, it can enter into contracts, it can hire employees, buy/sell products, pay taxes in its name etc.
Who is a Shareholder?
The owners of a company are called its shareholders. They hold the shares of the company. Shares are units of ownership interest in the company.
Who is a Director?
The persons who run a company's day to day operations are called the Directors. They are the managing body of a company. A director can be a shareholder or a non shareholder of the company.
What do I need to know about Share Capital?
Share Capital is the amount invested by the owners (shareholders) into the business. Based on the amount invested by the sharehodlers, they are alloted proportinate shares.
What do I need to know about DSC?
More than half of business transcations during current times have become digitized. Forms, contracts, government applications & reports have also become digital. DSC is nothing but the digital signature of the individual which is used for signing digital forms, contracts & reports.
What is DIN?
It is Mandatory for every director of a company to obtain a unique number for the Minstry of Corporate Affairs which is called DIN (Director's Identification Number).
What are MOA & AOA?
MOA (Memorandum of Understanding) and AOA (Articles of Association) are the two most important documents which govern the working of a company. The MOA & AOA collectively set the rules & regulations within which the company shall operate. These documents are of very high importance and should be prepared only with the help of an expert.