Public Company is the best option for medium and large sized business that needs to raise the equity capital from public. Public Limited Company comes with a limited liability to its owners and management. A public company can sell its shares to public and raise the capital from the market. To form a limited company, a minimum of 7 shareholders and 3 directors are required. There is no cap on maximum number of members.
Besides having strict regulatory requirements and compliances, a public company has all the advantages of private company and other feature like having any number of members, ease in share transferring capital raising.
BENEFITS OF A PUBLIC LIMITED COMPANY
SEPARATE ENTITY
Public Limited Company is a legal entity and a juristic person established under the Companies Act. The members (Shareholders/Directors) of a company have no personal liability to the creditors of a company for company’s debts.
EXISTENCE
Public Limited Company has ‘perpetual succession’, meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.
EASY TRANSFERRING
Shares are easily transferable by a shareholder to any other person in Company limited by shares. Process relating to filing and transferring shares can easily be executed through share transfer agents.
BORROWING POWER
Public Companies have better sources for raising funds like IPO and FPO, debentures and it can also accept deposits from the public. Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns.
DOCUMENTS REQUIRED FOR COMPANY REGISTRATION
ID PROOF OF DIRECTORS & MEMBERS
PAN for Indian nationals/Notarized Passport copy for foreign nationals.
ADDRESS PROOF OF DIRECTORS & MEMBERS
Passport, Driving License, Aadhaar and Bank statement or electricity bill (both not older than 2 months).
REGISTERED OFFICE PROOF
Rent agreement or Sale deed and copy of electricity bill, property tax receipt, NOC from owner of premises.
OTHER SIGNED DOCUMENTS
Signed Digital Signature application documents in hard copy and incorporation documents signed and in soft copy form.
OUR HELPING HAND IN COMPANY REGISTRATION
Compex help you form a public company in about 15-20 days subject to MCA processing time and documents availability.
OBTAINING DSC AND DIN
Digital signature Certificate (DSC) and Director Identification Number (DIN) is required for proposed directors. It can be obtained in 2 days.
NAME APPROVAL
MCA allows minimum of 1 and a maximum of 6 proposed names. Subject to availability, naming guidelines and MCA processing time name can be approved in 5-6 days.
INCORPORATING COMPANY
Application for registration along with the documents required can be done to MCA and subject to their processing time MCA approve the application for Incorporation in 1 week.
Full Administrative Tax Services Management
REACH YOUR POTENTIAL FASTER AND WITH EASE
We will take care of your accounting and administrative services and take the load off you.
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