Public Limited Company Registration and Its Characteristics
A public limited company is one in which shares are traded in a stock market or are issued as fixed deposits. Just like a private limited company, a public limited company has various benefits including ease in transfer of shareholding, more transparency and ability to have an unlimited number of members.
Enterslice advisors can help you in getting a Public Limited Company Registration within a nominal range of packages as per your convenience.
Benefits of choosing a Public Limited Company
There are different benefits for registering different companies. Here are some amazing benefits to choose a public limited company for registration:
- Public limited registration comes with the benefit of limited liability of its partners.
- A public limited company is given more preference while giving loan as compared to other companies.
- Shareholders have great ease to transfer their shares in a public limited company.
Characteristics of Public Limited Company
- Directors: To have a public limited registration, a public limited company requires a minimum number of three directors.
- Members: minimum number of members required to start a public limited company is 7 and there is no maximum limit for the number of members in the company as per the provisions of Company Act, 2013.
- Index of members: it is mandatory to create an index of a member in a public limited company.
- Limited liability: limited liability is one of the main benefits of having a public limited company registered under the Company Act, 2013. It means that in case, the company faces any kind of financial losses their shareholders have the right to sell their own assets for the payment purposes. Though, personal or individual assets of the shareholders are not at any risk.
- Paid Up Capital: A public limited company should have a minimum amount of RS. 5 Lakhs or more paid up capital that can be prescribed from time to time.
- Never-Ending Succession: A public limited company is benefitted with never-ending succession. That means, even if any of the members die or get bankrupt, the working of the company will keep on going.
How to get a Public Limited Registration through Enterslice?
- Visit our website enterslice.com
- Fill in the required details.
- Get a DSC certificate of all the proposed directors of the company. It will be used to file the form and in ROC Compliance.
- After that, you will get a director identification number via mail.
- The Next step is company name approval. In this step, our advisors will file a name approval form on behalf of you to the ROC.
- Then we will file an application to obtain a PAN for the proposed company.
- Once we are done with the name approval procedure, we will move ahead to the last step, i.e. file the final incorporation certificate to get the certificate of incorporation.
Conclusion
There are various benefits of getting registration for your public limited company. One of the main benefits is that it keeps you away from various legal consequences faced due to non-registration of your company. Enterslice legal advisors can help you get the registration certificate with the help of a most proficient and skilled team of CA and CS. To get a registration or to get more details regarding the public limited registration, contact us on [email protected] or you can call us on +919870310368.