Public Limited Company



Let's get started!









Public Limited Company

A Public Limited Company can be incorporated with minimum seven numbers of members and minimum three directors. There is no maximum limit of members unlike a Private Limited Company. A Public Limited Company can enjoy all the advantages of a Private Limited Company and in addition it has advantage of any number of members.

As there can be any number of members of a Public Limited Company, it becomes easy to raise capital. As compared to Private Limited Companies the compliances and regulations for a Public Limited Company are more stringent. 

Public Limited Company

Separate Legal Entity : A Public Limited Company when incorporated is considered as artificial judicial person. It is a separate judicial entity.  A Public Limited Company can purchase its assets and borrow own funds as a separate judicial entity. The Share Holders of Company are liable for company’s debts only to the extent of shares held by them.

Perpetual Succession : Since Public Limited Company is considered as artificial judicial person, it’s existence is not dependent on resignation, death or any other kind of departure of any of its members. A Public Limited Company continues its existence unless it is legally winded up as per the provisions of Law.

Borrowing Power : Public Limited Companies can borrow funds by issuing secured or unsecured debentures or by borrowing funds from Banks or financial institutions. Companies are preferred by Banks and financial institutions for lending money over Proprietorship or Partnership Firm.

Transferability : Transfer of shares of Public Limited Company can be done easily by signing share transfer forms and handing over the Share Certificates.

Ownership of Property : Being an artificial judicial person a Public Limited Company can buy property in its name. The Public Limited Company becomes the owner of the property and share holders cannot claim this property.

Limited Liability : This is probably the most important advantage of a Public Limited Company. Share holders of a Public Limited Company are liable only to the extent of the unpaid amounts of shares held by them. Personal assets of share holders cannot be liquidated if company defaults.

Capacity to sue and be sued : A Public Limited Company is an artificial judicial person. Just as an individual initiates legal proceedings against another person, a Public Limited Company can also initiate legal proceedings against another person or Company.

Multiple Relationships : A person can be a share holder, director, employee or creditor of a Company. There are different contracts with the same person in different capacities.

Public Limited Company

Basic
36999
  • 7 DSC

  • 3 DIN

  • Company Name

  • Incorporation Fees

  • Stamp Duty

  • Authorised Capital Rs. 5 lakh

  • Company PAN & TAN

  • All Incluive

  • --

  • --

  • --

  • --

STANDARD
38999
  • 7 DSC

  • 3 DIN

  • Company Name

  • Incorporation Fees

  • Stamp Duty

  • Authorised Capital Rs. 5 lakh Company PAN & TAN

  • GST Registration

  • Free MSME Registration

  • All Inclusive

  • --

  • --

  • --

PREMIUM
42999
  • 7 DSC

  • 3 DIN

  • Company Name

  • Incorporation Fees

  • Stamp Duty

  • Authorised Capital Rs. 5 lakh

  • Company PAN & TAN

  • GST Registration

  • GST compliance for

  • first 3 months

  • Free MSME Registration

  • All Inclusive

Process

01

Obtain DSC

Obtaining Digital Signature Certificate (DSC) is the first step towards Company Registration. It take 2 days to obtain DSC

02

Apply for DIN

Directors Identification Number (DIN) is to be applied for the proposed Director of the Company. It takes 1 day to get DIN Approval

03

Name Approval

Maximum six names can be applied in order of preference. It takes 3-4 days for Name Approval subject to availability of name.

04

Incorporation

Company Registration documents are submitted to the MCA for approval in SPICe forms. PAN and TAN are also applied with application.




Testimonials

I have taken help of MyEfiling for number of services. At all times they are professional, organised and totally unflappable; whatever we ask them to do. They also keep us focused by regularly feeding back to us progress to date and where we are against often very tight timelines. I shall certainly be engaging with them again in the future.

Bimal ParekhRisk Management Professional