Private Limited Company

Concept of Public Company:

Public Company is another usual form of corporate entity which allows its members to invite the public to subscribe its securities.

This type of entity is also known as widely-held company. Public Limited Company consist almost all the features of Private Company along with the additional characteristics.

For the registration of Public Limited Company, atleast 7 subscribers and 3 directors are required. The corporate legal entity can also be the shareholder in the company.

Under this roof, foreign nationals, foreign corporate entities or NRIs can also be the directors and/or the shareholders of the company with Foreign Direct Investment.

SUITABILITY:

To any type of business who wants:-

  1. to carry out its business operations through separate legal entity;
  2. with large investment;
  3. in which ownership is spread among the general public;
  4. and can borrow fund from its members and directors; also
  5. can appoint working management on their behalf;

Documents Required:

  1. Partners Documents (PAN, Address proof, 6 photos)
  2. Nature of Business in writing
  3. Six proposed Names
  4. Office address proof
  5. Rent agreement and NOC, if property is rented

Distinctive Features:-

  • No Minimum limit of Capital Contribution;
  • Limited Liability of its Members
  • Easy to accept Deposits from Public to meet the fund requirements in the company.
  • Involves Public holding in the company
  • Increases the Borrowing Capacity
  • Can list their securities on the Stock Exchange to trade in Public
  • Can own the Property and contracts in its name
  • Continuity in Business Existence
  • Distinctive Ownership and Management
  • Can sue and be sued in its own name

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