Public Limited Company
- Lowest Price Guarantee
- Free Export Related Guidance
- Quick and Hassle-Free Process
- Free Expert Assistance for Lifetime
About Public Limited Company
A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in a flexible, innovative, and efficient manner, providing a platform to raise huge funds from the public and venture capitalists through IPO and private placement.
A Public Limited Company is the biggest form of business available in India. There is no limit on the maximum number of members. This form of business is suitable for a large scale of business where the capital requirement is very high and the company is willing to obtain money from the public at large. Public Limited Company registration requires 7 persons to get registered with MCA.
Advantages of Public Limited Company
- The shareholders have limited liability with a large economy of scale
- Public companies can raise additional capital by issuing more shares or debentures
- Greater borrowing power through IPO, Debentures, etc
- Board of directors with experience/ expertise can be appointed
- Shareholders can sell/transfer their shares freely
Disadvantages of Public Limited Company
- There is a loss of overall ownership and control
- Decisions take longer and there may be disagreement
- High Setting up Cost to be incurred
- There are more statutory regulations to follow
- Profits are shared amongst a far greater number of people
- Public disclosure of financial affairs is necessary
Documents Required
It is very easy to register this type of business as very few documents are needed. The required documents include:
- PAN card (Copy) of all the Directors
- Adhaar card (Copy) of all the Directors
- Passport size photo of all the Directors
- Voter id/ Driving Licence/ Passport
- Bank statement of all Directors
- Proof of Address(Power bill, Municipal tax bill, Sale deed copy)
- Rental Agreement or NOC
Registration Duration
Registration of Public Limited Company takes the shortest time and can be completed within a minimum of 7–10 working days. Despite registration taking the shortest time possible, this solely depends on government procedures and approvals during the time of your registration.
Registration Fee
The Government’s registration fee starts at Rs. 1,900, while professional fees start at Rs. 15,500. The variance would depend on the type of business, number of employees, location of the business, and the specific requirements to be met while registering your business.
