PUBLIC LIMITED COMPANY

 

Public Limited company entity form of business is ideal for large corporates and compulsorily for entities which want to raise a capital from public at large through their Public Offerings. Such companies are subject to very high level of monitoring and periodic compliances. Also such companies are required to disclose their financial working in the public domain by various applicable statutory filings. For formation of Public Limited Company, at least 7 subscribers to the Memorandum and Articles of Associations are required. Further, a minimum number of 3 directors are required to form a Public Limited company.

 

Documents Required

  1. Directors Identification Number
  2. Digital Signature Certificate of the Proposed Director(s)
  3. Application for Name Approval
  4. Incorporation Documents along with Proof for Proposed Place of Business
  5. MOA / AOA of the company
  6. PAN Card of Private Limited Company
  7. Statutory Registration e.g. MSME/GST/TAN etc.
  8. Open a Current Account in the name of the company

 

Advantages

  1. Enhances the Branding of the company in the eyes of Investors, Lenders and other stakeholders

 

Disadvantages

  1. There is very high disclosure requirement for all major decisions of the entity in the public domain.
  2. Public Limited companies are required to file the complete Statutory Accounts in the public domain in the public domain.

Best Fit for:

  1. Generally for entrepreneurs wishing to raise the capital from public at large.
  2. In Projects requiring a much higher infusion of capital.

 

 

 

LEGALLANDS LLP consistently endeavours to get together the necessities and prerequisites of its customers and demonstrate to be a beneficiary aid as and at whatever point required. To bring more subtleties on same, contact our client assistance official today at connect@legallands.com

 

Disclaimer

 

As per the rules of the Bar Council of India, we are not permitted to solicit work and advertise. By clicking “I agree” below, you acknowledge the following:

 

  • There has been no advertisement, personal communication, solicitation, invitation or inducement of any sort whatsoever from us or any of our members to solicit any work through this website;

  • The user wishes to gain more information about us for his/her own information and use;

  • The information about us is provided to the user only on his/her specific request and any information obtained or materials downloaded from this website is completely at the user’s volition and any transmission, receipt or use of this site would not create any lawyer-client relationship.

The information provided under this website is solely available at your request for informational purposes only, should not be interpreted as soliciting or advertisement. We are not liable for any consequence of any action taken by the user relying on material/information provided under this website. In cases where the user has any legal issues, he/she in all cases must seek independent legal advice.