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Public Limitec Company compliance wallah

Public Limited Company

A Minimum  number of 7 persons together can make a Public limited company suitable for a large scale business to overcome the restrictions in private limited company. There shall be at least 3 directors and the company can own assets and liabilities in its own name making them distinct from its members and promoters. It has no restriction as to maximum number of members and a Public limited company has to follow a stricter compliance mechanism as compared to a privately owned company. Its stock can be acquired by anyone and unlike private companies they are freely transferable.

Advantages for Public Limited Company

  • Multiple avenues for fund raising

  • Free transferability of shares

  • No restrictions on maximum number of members.

  • Separate legal entity

  • Liability of owners limited to their own share

Document required for Incorporation of Public Limited Company

  • PAN card (Mandatory) of the directors and shareholders

  • Address Proof: of Shareholders and Directors, Any of the following:

  1.  Voter Identity Card/Election Card

  2. Ration Card

  3. Aadhaar Card

  4. Passport

  5. Driving license

  6. Telephone Bill

  7. Electricity Bill

  8. Bank statement not older than 2 months.

  • Rent agreement of the proposed office of the company.

  • No objection certificate from the Owner of the Property.

  • Business address proof like electricity bill, any other utility bill or municipal Tax payment Receipts.

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