A Public Limited Company is the biggest form of a corporate business structure you can start with. A Public Company can raise funds from individuals by allotment of shares or otherwise as there is no limit to the maximum number of share holders allowed. A listed company is always a Public Limited Company. It is governed by the provisions of Companies Act, 2013. . A Public Limited Company enjoys the privilege of a legal individual corporate entity like perpetual succession, own properties on its own name, capacity to sue and be sued, etc.
Who can Form?
7 or more major Individuals.
NO MINIMUM CAPITAL REQUIRED
|Passport size photographs|
|ID Proof : Adhar Card / Driving License / Voter ID Card / Passport|
|Address Proof : Bank Statement / Electricity Bill/ Telephone Bill|
|Electricity Bill of the proposed Registered Office.|
|Rent Deed/ Lease Deed / NOC of Owner of the Registered Office premises.|
Pancard and ID proofs are to be submitted with Bankers attestation as well as a self attested.
|Capacity to sue|
|Flexibility and autonomy|
|Preferred by Investors for findings|
|Preferred by banks for loan considerations|
|Can raise funds by issuing shares to a large number of people.|
|No Restriction on maximum Number of members.|
|8 -15 Days.|
( All inclusive )
Additional Amount payable for the states of Punjab, Madhya Pradesh and Kerala.
What All it includes
|Preparations of MOA/ AOA and other documents.|
|Govt Fee and Stamp Duty|
|Certificate of Incorporation|
How it works?
Caparison between Partnership, LLP & Company
|Partnership is governed by ‘The Indian Partnership Act, 1932’ and various Rules made there under.||Limited Liability Partnership are governed by ‘The Limited Liability Partnership Act, 2008’ and various Rules made there under.||Companies are governed by ‘Companies Act, 2013’.|
Registration of Business
|Registration with Registrar of Firms is optional.||Registration with Registrar of LLPs required.||Registration with Registrar of Companies required.|
|Funding||Cannot raise capital from VCs and PE firms.||Cannot raise capital from VCs and PE firms.||Can raise capital from VCs and PE firms. Further the Public Limited companies can also raise funds from people.|
|It does not have perpetual succession as this depends upon the will of partners.||It has perpetual succession and partners may come and go.||It has perpetual succession and members may come. and go|
Number of Members
|Minimum 2 and Maximum 20.||Minimum 2 partners and there is no limitation of maximum number of partners.||2 to 200 members in case of Private Company and Minimum 7 members in case of Public Company.|
Liability of Partners/Members
|Unlimited. Partners are severally and jointly liable for actions of other partners and the firm and liability extend to their personal assets.||Limited, to the extent their contribution towards LLP, except in case of intentional fraud or wrongful act of omission or commission by the partner.||Generally limited to the amount required to be paid up on each share.|
|Income of Partnership is taxed at a Flat rate of 30% plus education cess as applicable.||Income of LLP is taxed at a Flat rate of 30% plus education cess as applicable.||Income of Company is Taxed at a Flat rate of 30% Plus surcharge as applicable.|
|By agreement, mutual consent, insolvency, certain contingencies, and by court order.||Voluntary or by order of National Company Law Tribunal.||Voluntary or by order of National Company Law Tribunal|
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TaxSkill.com offers online Public Limited Company Registration at most affordable price. Let us first understand what is a Public Limited Company form of business before you start with online Public Limited Company Registration. A Public Limited Company is the most looked out for business form by the retail and small investors. All leading Companies around us, be it a Public sector or a Private Sector Company, is a Public Limited Company when classified on the basis of its Legal form. A Public Limited Company, unlike a Private Limited Company can have unlimited number of members and shareholders. This allows the Company to raise Capital from Public at large by issuing them shares and Debentures as there is no limit on the maximum number of members . When it Comes to listing of a Company on any Stock Exchange in India, the Company has to be a Public Limited Company to be registered on any such Stock Exchange. Regulations relating to Public Limited Companies in India are governed by Companies Act, 2013. A Public Limited Company is a Corporate entity separate from its members and management with a perpetual succession. The members have liability is restricted to the unpaid share capital, if any, for the shares subscribed by them. The Business activities and Internal functioning of the Company is run in accordance with the Memorandum of Association (MoA) and Articles of Association (AoA) of the Company. A certificate of Incorporation is granted by the Registrar of Companies on registration with a unique Corporate Identity Number (CIN).
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