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Experience the power of growth with streamlined Public Limited Company registration at FilingFirst.
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A Public Limited Company (PLC) is a type of business structure where ownership is distributed among shareholders, and the company is publicly traded on a stock exchange.
The liability of shareholders in a PLC is limited to the amount they have invested in the company. The company is a separate legal entity, and the shareholders are not personally liable for the debts and obligations of the company.
It has simple ownership transfer rights and equal shareholding policies. Things such as name, shares, formations, management and directors differentiate them from private companies.
The public company has statutory requirements and limited shares to run the business.
PLC is a type of business structure where ownership is distributed among shareholders
The liability of shareholders in a PLC is limited to the amount they have invested in the company.
It has simple ownership transfer rights and equal shareholding policies.
The public company has statutory requirements and limited shares to run the business.
According to the guidelines of a public company, ordinary people are invited to buy the shares that improves the monetary value.
After the death of an owner, the company would continue to exist.
It has investors who can borrow funds and experience fewer risks along the process. The assets of the shareholders cannot be seized and they are responsible for their legal actions.
The owners can expand the company by investing in new projects and raise funds by selling the shares in the market.
Experts at Filings First will review your documents and information. Experts will help you in applying for the digital signature certificate and start the step-by-step process of Incorporation
Before submitting an application for company name reservation, Filings First shall first check the name's availability on the MCA and IP India portals and make the name application accordingly. We shall draft the MoA, AoA and other related documents in the meanwhile, while we are waiting for the name approval from the Ministry.
Upon receipt of name application, we shall file the incorporation application for approval. We shall also submit applications for PAN, TAN, and DIN allocation.
Once the MCA approves our application, we shall obtain the Certificate of Incorporation.
Fill in the questionnaire, provide necessary details and facilitate online transactions to initiate the process.
A Limited Company must be incorporated by a minimum of seven individuals. Three Directors and seven shareholders are the minimal requirements for a limited company.
Any amount of capital can be used to establish a limited company. However, the fee must be paid to the Government for issuing a minimum of shares worth Rs.5 lakhs [Authorized Capital Fee] during the incorporation of the Company. No documentation of capital invested during the incorporation process is necessary.
A location in India where the company's registered office will be located is necessary. The location where communications from the MCA will be received may be commercial, industrial, or residential.
No, you won't need to show up at our office or any other office to incorporate a limited company. Any document can be scanned and forwarded to our office via email. Additionally, some papers will need to be couriered to our office.
A company that is publicly traded and has its securities listed on a recognised stock market is known as a public limited company. A Private Limited Company's stocks are held privately by the members and are not listed on the stock exchange.
The drawbacks of a public limited company include that it is challenging to establish one, that there are several legal requirements, that there is no secrecy, and that there are numerous regulatory obligations.
Starting on February 23, 2020, all new businesses must use the web tool SPICe+ to submit an application for name and incorporation reservation. Company names may be reserved in SPICe+ Part A. Parts A and B should be filled out with the necessary information if the applicant wants to submit a single application for a name, incorporation, and other integrated services. To change a name, you must submit the online service RUN (Reserve Unique Name).
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