Public Limited Formation
Public Limited Company Registration
A public limited company is a voluntary organization of members with a minimum of three directors and seven or more members. It has a separate legal existence from the individuals who make up its membership.
Financial consultant company: To help you with Public Limited Company Registration Services in India
It is a separate legal entity, and death, retirement, or insolvency of any of its stockholders has no bearing on its existence. These businesses are able to receive public deposits. These businesses might be public or private. We can help you with the entire public limited company registration process.
Company Registration Checklist
According to the Ministry of Corporate Affairs (MCA), to form a company in India, the following requirements must be completed. In India, a minimum of seven persons are necessary to establish a public limited company.
These corporations must have at least three directors. The company’s shareholders and directors can all be the same seven persons. However, in a public limited corporation, any number of persons can become shareholders. Get in touch with Aplite Advisors to get Incorporation of Public Limited Company.
- No Minimum Capital: The capital of a firm is determined by the needs of the business, and there is no legal requirement for a minimum capital to create a public limited company. However, the minimum approved and subscribed share capital for a public corporation is Rs. 5 lakhs.
- One Resident Director: One director must be an Indian resident.
- Unique name: The name of the public limited company should be distinctive and should not be confusingly similar to any other company name or brand.
The Benefits of Forming a Public Limited Company
- A corporation is a separate legal organisation and a juristic person created under the Companies Act of 2013. As a result, a business has a broad legal competence and can possess property and incur obligations. A company’s members (Shareholders/Directors) have no personal accountability to the company’s creditors for such debts.
- Easy Transferability: A shareholder’s shares can be freely transferred to anybody else. It is sufficient to transfer the shares by filling out and signing a share transfer form, giving over the buyer of the shares together with the share certificates, and notifying the company.
- Perpetual Succession: A business has ‘perpetual succession,’ which means it will continue to exist until it is lawfully dissolved.
- Property Ownership: As a legal entity, a corporation can purchase, possess, and sell property in its own name. So long as the firm is a continuing concern, no shareholder may claim any of the company’s assets.
- Borrowing Capacity: A corporation has more options for borrowing money. It can issue secured and unsecured debentures and take public deposits. Even banks and financial organisations prefer to lend huge sums of money to corporations over partnership businesses or sole proprietorships.
What Is A Public Limited Company's Minimum Capital Requirement?
A Limited Company can be formed with any amount of money. However, upon the incorporation of the company, a charge must be paid to the government for issuing a minimum of Rs 1 lakh worth of shares (Authorized Capital Fee). We at Aplite Advisors offer the best services for the incorporation of public limited company.
Can An NRI/Foreign National Join the LLP As a Partner?
Yes, foreign nationals and NRIs can serve as directors of a public limited company. The Ministry of Corporate Affairs must issue them a DIN (MCA). There should be at least one Indian resident on the Board of Directors.
Get in touch with us to get Public Limited Company Registration in India
Aplite Advisors is a prominent financial advising and consulting organisation that specialises in providing accounting, finance, taxes, and legal services to start-ups, SMEs, and multinational corporations of all sizes and industries. Our financial advisors help businesses streamline processes, accelerate growth, increase productivity, and improve overall efficiency. Get in tpiuch with us to know information regarding One Person Company Formation or any other queries.
Our comprehensive variety of consulting services and expertise can assist you in focusing on the value proposition. Our consultancy business focuses on providing customers with value-added services. Allow us to demonstrate that we can be your dependable accounting and tax advisors. Hire us now for Public/Private Limited Company Registration in India.