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Under the Companies Act, 2013, a Public Limited Company is a business entity that provides its shares to the general public, while maintaining limited liability. The company can issue its stock through private or public trading.
To establish a Public Limited Company, a minimum of three directors, seven shareholders, and a maximum of fifty directors are required, with a minimum paid-up capital of Rs. 5 lakhs.
A Public Limited Company enjoys similar benefits as a private limited company, such as transparency, easy access to loans, government tenders, and ease of share transfer. However, registration is a crucial step that requires compliance with strict regulations.
At Certifications Bay, we offer an integrated approach to help you navigate the complexities of registering a Public Limited Company in India. Our team of experienced consultants and resources are equipped with up-to-date information to ensure timely completion of your registration, making the process hassle-free.
One of the most valuable attributes of a public limited company is its limited liability feature, which ensures that its members are not held responsible for the company’s debts. Essentially, the members of the company are not required to use their personal assets to pay off any of the company’s losses or debts beyond the amount of their invested capital.
Being a public limited company, it offers shares to a significant portion of the general public, which aids in spreading unsystematic risk. As a result, shareholders are less fearful of shouldering the risk on their own.
As previously stated, a public limited company offers a significant number of its shares to the general public, making it possible for anyone to invest in the company. This creates an opportunity to raise more capital.
Furthermore, when a public limited company is listed on a stock market, it opens up more and better business opportunities for the company to expand and diversify.
A public limited company can easily obtain loans without much difficulty, which may be challenging for a private limited company. Moreover, if the public limited company is registered under the prescribed provisions, obtaining loans from financial institutions and banks becomes more feasible.
In order to incorporate a public limited company, a minimum of seven shareholders is required.
There are various points of differences between both these companies. Here are some chief differences between both
Point of difference | Public Limited Company | Private Limited Company |
Members | Minimum: 7 Maximum: No Limit | Minimum: 2 Maximum: 200 |
Directors | Minimum: 3 | Minimum: 2 |
Public invitations | Yes | No |
Minimum Capital Income | No | No |
Issuance of Prospectus | Required | Not Required |
Name differences | Must have “Limited” at the end of its name | Must have PVT LTD at the end of its name |
Mandatory Statutory Meeting | Yes | No |
Managerial Remunerations | There are no as such restrictions | Cannot exceed the limit of 11/% of the net profit |
Stock Exchange | Is listed on stock exchange and stock trade is carried out publicly. | Not listed on stock exchange neither carry out stock trade publicly. |
Registering a Public Limited Company (PLC) involves several steps. Here’s a breakdown of the process:
1. Obtain Director Identification Number (DIN) and Digital Signature Certificate (DSC):
2. Check Company Name Availability:
3. Submit SPICe+ Form:
4. Receive Certificate of Incorporation (COI):
5. Obtain Permanent Account Number (PAN) and Tax Deduction Account Number (TAN):
6. Open a Bank Account:
By following these steps, you can successfully register your Public Limited Company.
Our Team will help you prepare the required documents. Documents requirements varies depending on business model. Contact our team for guidance.
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