A Public Limited Company enjoys all the advantages of Private Limited Company and there is no restrictions of number of the members in the company. Further, Public Limited Company can list their shares in the stock exchanges to raise capital from general public. The statutory compliance of Public Limited Company are stringent and has to comply multiple regulations of the Government, Companies Act 2013, Reserve Bank of India and Securities Exchange of Board of India (SEBI) etc.
Public Limited Company is suitable for the business having large scale operations requiring huge capital. Atleast Seven members and three directors are required to form a Public Limited Company.
At Startups Helpline, we do all legal formalities and fulfill the compliances, as defined under the Companies Act, 2013. After registration of the company process with MCA, you will receive a Certificate of Incorporation (CoI), along with PAN and TAN. Now you are ready to take off your business to the new heights. Startups Helpline will also assist you in Statutory compliance of Public Limited company after incorporation.
The Public Limited company is an Artificial person. The separate Pan card is issued to Public Limited Company. Hence the Public Limited company enjoys the status of Separate Legal Entity. The Public limited company can sue and can be sued in the courts.
Public Limited Company enjoys the benefit of Public Liability. Limited liability refers that the Liability of the shareholders will not exceed the amount invested in a business through Share Capital by them. Shareholders of the company will not be held responsible, in case of any unforeseen losses and statutory or legal liabilities in the company.
Perpetual succession means that a Public Limited Company is not determined by the longevity of its Shareholders and Directors. The company will be run even after the death of the shareholders and directors.
Public Limited company enjoys the benefit of separate legal entity and a artificial person and hence can own a property just like a Natural Person.
A Public Limited company is the best choice for the investors and can raise equity capital from persons or entities interested in becoming a shareholder. The shares of the Public company can be traded in the market.
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No, Public Limited Company can not be registered as Startups.
No, as per Companies Act, 2013 Minors are not eligible to be the director of the company.
As per companies Act, 2013 minimum of three directors are required to set up the Public Limited Company.
As per Companies Act, 2013 minimum seven shareholders and three directors are required to incorporate a Public Limited Company.
Yes, Non Resident Indians (NRIs)/Foreign Nationals can be appointed as director in Public Limited Company after obtaining the Directors Identification Number (DIN).
The shareholders of the company do not have a right to participate in the day to day business of the company. The shareholders are the different from Board of Directors.
The authorized capital is the capital limit in which stamp duty is to be paid and the maximum capital authorized by the ROC up to which the shares can be issued to the members/public, as the case may be. The paid up share capital is the paid portion of the capital subscribed by the shareholders.
