A Public Limited Company assures the limited liability to its Members and Owners.
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A Public Limited Company assures the limited liability to its Members and Owners. The major advantage of incorporating this type of entity is that a Public Limited Company is freely allowed to raise funds from public by following certain norms and regulations and results beneficial in raising capital. Though the regulatory requirements are much more strict than the Private Limited Company.
Here, it can be formed with seven Members and three Directors with no minimum capital requirements. It is beneficial to establish such Company when the investors are large in size and involves public at large. The shares of this type of entity are freely transferable in the market. It enjoys the basic features and advantages as granted by the Companies Act, 2013 such as Separate Legal Entity and Limited Liability.
Legal Window has team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to Company formation process. You may get in touch with our team on 072407-51000 or email [email protected] for Public Limited company registration and Compliance services.
While investing, an investor prefers in dealing widely in the market and hence it open doors for the Public Limited Company to attract more funds from the market as their shares are freely transferable.
The liability of the Members is limited to the extent of Capital invested by them in the Company and therefore, they cannot be held personally liable for it. Also, it is a legal entity which means it is different from its Members and Directors.
A Public Limited Company can get itself registered on stock exchange by complying with certain norms which increase the scope of diversification of business and widening the shareholder base and also increasing the risk.
As public limited companies are more accessible to investors, they offer several advantages, such as greater liquidity, making them attractive to potential investors during mergers and acquisitions. They also generally have greater borrowing capacity.
You are requested to first fill the simple questionnaire provided by our expert team.
At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.
First of all DSC (Digital Signature Certificate consisting of the E-signatures) is required to be prepared. This step can be ignored if prepared already. It will approximately take 1-2 days.
The next step is to check the name availability. The name should be unique in nature and should not be similar to name of any other entity registered. It may take at least 1-2 days.
Once the name is approved, an online application is required to be filed through SPICE+ along with the requisite documents as obtained from the client with ROC. The MOA as well as AOA shall be filed online. This process again takes approximately 2-3 days.
Once the Company gets incorporated we will share all the documents like Incorporation Certificate, MOA, AOA and Digital Signatures.
You can check Company name availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. Our team will assist you in the selection of name of company.
Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Legal Window by clicking on this link Trademark Registration.
If the proposed Director is already having the DIN then you can also check whether DIR-3 KYC iscompleted. You can verify the same with the help of our experts. If the same is not done yet, it can be done with help of Legal Window.
The Public limited company is required to manage all the compliances after incorporation of the company like appointment of statutory auditor, filing commencement of business, Income Tax Filing, Annual Returns with ROC and other compliances as required by the law. Legal Window has a team of experts who keeps an eye on the due dates of your compliances and reminds you through mails.
| Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
|---|---|---|---|
| Upto Rs. 1 crore | 30% | Nil | 4% |
| Above Rs. 1 crore but upto Rs. 10 crore | 30,00,000+ 30% | 7% | 4% |
| Above Rs. 10 crore | 3,00,00,000+ 30% | 12% | 4% |
| Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
|---|---|---|---|
| Upto Rs. 1 crore | 25% | Nil | 4% |
| Above Rs. 1 crore but upto Rs. 10 crore | 25,00,000+ 25% | 7% | 4% |
| Above Rs. 10 crore | 2,50,00,000+ 25% | 12% | 4% |
| Basis | Private Limited Company | Public Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm |
|---|---|---|---|---|---|---|
| Registration Requirement | Companies Act, 2013 | Companies Act, 2013 | Companies Act, 2013 | LLP Act, 2008 | Registered/Unregistered | No Specific Criteria |
| Number of members | 2 – 200 | 7-∞ | Only 1 | Unlimited | 2-50 partners | Only 1 |
| Number of Director | 2-15 | 3-15 | Only 1 | 2 designated partners | NA | NA |
| Naming of Entity | Unique | Unique | Unique | Unique | No Guidelines | No Guidelines |
| Capital Requirement | Zero | Zero | Zero* | Zero | Zero | Zero |
| Liability of Entities | Limited | Limited | Limited | Limited | Unlimited | Unlimited |
| Foreign Investment | Eligible | Eligible | Not Eligible | Eligible | Not Allowed | Not Allowed |
| Statutory Audit | Mandatory | Mandatory | Mandatory | Mandatory | Not Required | Not Required |
| Compliance Level | Annual Compliance | Annual Compliance | Annual Compliance | Annual Compliance | Less Compliance | Zero Compliance |
| Tax Rate | 22% | 22% | 22% | 30% | 30% | Individual Tax Rate |
| Know more | You are here | Know more | Know more | Know more | Know more |
Talk to our team about the members, the capital and the package that fits before you file.