Formation of Public Limited Company:
We provide our services for online incorporation of a new public limited company anywhere in India, sale/ purchase of readymade public limited company and providing all procedures & FAQ's about formation of public limited companies in India.
We register a public limited company anywhere in India in almost 12 -14 working days from date of receipt of documents and payment. The process of registration is completed online therefore most of the documents are needed in soft copy (scan) through e-mail only.
A PUBLIC LIMITED COMPANY, In terms of section 3(1)(iv) of the Companies Act, 1956, means a company which is not a private company and has a minimum paid-up capital of five lakh rupees or such higher paid-up capital as may be prescribed. A private company which is subsidiary of a public company is also a public company.
- At least 7 persons are required to form a public limited company.
- A prospectus or a statement in lieu thereof has to be filed with the Registrar of Companies before allotment of shares.
- It has to obtain Certificate of Commencement of Business from the Registrar of Companies before it can commence business on incorporation.
- It has to hold a statutory meeting of members and file a Statutory Report with the Registrar of Companies.
- Any member of the public who is willing to pay the price may acquire its shares or debentures.
- Its shares are easily transferable and since these can be quoted on a recognised stock exchange, their liquidity is enhanced.
- It can have any number of members and it is easy for it to raise capital through public subscriptions.
- It can obtain loans from financial institutions and banks.
- It shall have at least three Directors.
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