Suitable for large scale businesses that require huge capital.
A Public Limited Company is the best business structure for those entrepreneurs who are planning big like opening an IT infrastructure, setting up of a manufacturing plant, etc. However, it shall be appropriate to take into consideration that if in case an individual is seriously planning something big and wants to raise capital from the public by issuing them shares in return. In that case, you may go for the option of incorporating a Public Limited Company.
Further, the rules and regulations of a Public Limited company are more stiff and unvarying in comparison to Private Limited Company. The reason for the same is that this business structure not only provides the benefits of a Private Company but also has features like easy transferability of shares and ownership, etc.
Breakeven Advisory, your trusted legal advisor, provides a cost-effective company registration service in Madhya Pradesh. You may learn how to register your business here. Breakeven Advisory will take care of all legal formalities and fulfil the compliances, as defined by the Ministry of Corporate Affairs. After approval of submitted forms of the company registration process, you receive a Certificate of Incorporation (CoI), along with PAN and TAN
1. A public company is eligible for Start Up India registration.
2. A public company can easily raise funds from public through share allotment or debenture issue.
3. A public company can get bank finance easily.
4. A public company can also go for SME or Main board listing to BSE or NSE.
5. A public company has limited liability of each shareholder.
1. Mandatory requirements you should keep in mind while registering a Public Limited Company:
2. Minimum 7 shareholders are required.
3. Minimum of 3 directors is required.
4. A minimum share capital of Rs. 5 lakhs is required.
5. Digital signature certificate (DSC) of all of the directors is required with copies of identity and address proof.
6. Two names to be suggested for approval from which one may be approved on basis of availability.
7. Main object clause of the company means the proposed business to be carried out by the company.
8. Proof of registered office like NOC from owner, electricity bill, rent agreement or lease deed.
A public company is the most chosen entity for big business.
Public Company is mostly incorporated for listing purpose in SME and Main Board.
A public company can easily converted into private limited company or limited liability partnerships.
Breakeven Advisory is at your service for incorporation of Public Limited Company or any other entity and its compliance.
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