Characteristic of Public Limited Company
- Minimum 3 Directors and no restrictions on maximum numbers of Directors
- Minimum 7 Shareholders with limited liability
- Minimum Paid up Capital of Rs.5,00,000/-
- Minimum 1 Indian Director
- ‘Limited’ after their name
- Issue Prospectus for its public.
A Public limited company have all the advantages of Private Limited Company and the ability to have any number of members, ease in transfer of shareholding with more transparency.
Benefits of Public Limited Company
Following are the benefits of forming a Public Limited Company
- More Capital
- More attention from Mutual Funds, Hedge funds and other traders.
- Better business opportunities
- More preference for loans from Financial Institutions
- Can list its shares on stock exchange.
- Shareholders can transfer their Shares with great ease
- Limits the liabilities of its Shareholders
- Unsystematic risk of market is spread out.
- Growth and expansion opportunities are high
Services Offered by Us
Following are the services provided by us at the time of registration.
- DIN for 3 Directors
- DSC’s For 3 Directors
- Company Name Search & Approval
- Drafting of MOA & AOA
- Certificate of Incorporation
- Company Pan Card
- Company TAN
- Annual Compliance Guidance.
Procedure for Registration
Fill Enquiry
Form
Associate will call
and discuss in length.
Make
Payment
Complete Documentation
& Requirements
Registration
Complete
Why Palankarta?
Experienced Financial
Professionals
Deliver Service
on Time
Cost
Effective
Assured Customer
Satisfaction
No Hidden
Fees / Charges.
Frequently Asked Questions
FAQ
General Questions
- Members’ (the directors and shareholders) financial liability is limited to the amount of money they have paid for shares.
- The management structure is clearly defined, which makes it easy to appoint, retire or remove directors.
- If extra capital is needed, it can be raised by selling more shares privately.
- It is simple to admit more members.
- The death, bankruptcy or withdrawal of capital by one member does not affect the company’s ability to trade.
- The disposal of the whole or part of the business is easily arranged.
- High status.
Yes .By fulfilling requirements of Public Companies Registration.
They will be taken over too in the procedure as stated in the agreement.
DIN is a unique Director identification number allotted by the Central Government to any person intending to be a Director or an existing directorof a company. It is an 8-digit unique identification number which has a lifetime validity. Through DIN, details of the directors are maintained in a database.
Full form for DSC is Digital Signature Certificate, it is basically a signature of the assessee in a digital format in encrypted format. It is required as for applying a new incorporation at MCA (Ministry of Corporate Affairs), no physical signatures can be done in their forms, so for every filing of documents at MCAwe will be requiring this.
You can log on to the site of Ministry of Corporate Affairs and check whether the name you are thinking of is taken or not. Site:
http://www.mca.gov.in/mcafoportal/checkCompanyName.do
- Opening a Bank Account.
- Deposit of Capital, Issue of Shares & Payment of Stamp Duty
- Appointment of Auditor within 30 Days of Incorporation
- Intimation of Registered Office Address.
- Filling of Form INC-20A- Commencement of Business.
- Preparation of Statutory Registers
- GST Registration, if required
- PF and ESI, if applicable.