About
Public Limited Company
A Public Limited company or Joint stock
company is form of business suitable for large and well established business in
which there is an involvement of a large no. of peoples and a large
subscription by the way of capital contribution is made by its members and
other persons. The restrictions imposed by the laws on Private limited company
are set-aside in case of a Public limited company. Hence there is no
restriction on transfer of shares, no maximum limits of members, no restriction
on inviting public to subscribe its share capital. The only public company is
eligible to gets its securities to be listed on a Recognized Stock Exchange.
Since there are a numerous compliances in this type a company which leads to a
high degree of transparency. The Bankers and other Financial Institutions are
more comfortable to provide finance to such entities.
Requirements
Ø A minimum no. of 7 members
& no maximum limit.
Ø Minimum 3 directors required
and a maximum of 15 directors, this limit of maximum directors can be removed
by passing necessary resolutions in the meetings of company.
Ø Minimum paid up capital is
Rs. 5 Lakhs.
Ø DSC (Digital Signature
Certificate) is required.
Ø DIN (Director Identification
Number) is required in favour of the directors.
Documents for Company Registration
Ø PAN card details of all
the directors and shareholders.
Ø Address Proof such as Aadhar
Card/ Driving Licence/ Voter card, of all the directors and shareholders.
Ø Passport size photograph of
directors.
Ø A Copy of Rent agreement
& No Objection Certificate from the landlord of the business place if the business
premises are rented or leased in favor the Company.
Ø Other utility bills such as
telephone, water, gas, or electricity bill as residential proof of
the registered office. It should not be older than 2 months.
Additions in our services for Company
Registration
Ø DIN for 3 Directors.
Ø Certificate of Incorporation
Ø Memorandum of Association
Ø Articles of Association
Ø Digital Signature For 3 Directors
Ø Statutory Fees.
Ø PAN Card & TAN no.
Ø All other Consultancies
regarding that.