Public Limited
A public limited company is a separate legal entity that is registered under the companies act, 2013. Public limited can offers shares to the public and has limited liability. The shares of a public limited company that is already listed to be listed in the stock market can be acquired by anyone through IPO or through stock market trade. A public limited company can easily raise funds through a brokerage firm and the public. There is a higher cost of compliance as compared to the Private limited company as well as strict provision. This is because due to public money is involved.
Following are the benefit of Public Limited
Public Limited
A public limited company is a separate legal entity that is registered under the companies act, 2013. Public limited can offers shares to the public and has limited liability. The shares of a public limited company that is already listed to be listed in the stock market can be acquired by anyone through IPO or through stock market trade. A public limited company can easily raise funds through a brokerage firm and the public. There is a higher cost of compliance as compared to the Private limited company as well as strict provision. This is because due to public money is involved.
Disadvantages of the public limited
One Time Fee
Service Provide Within 7 Days
One Time Fee
Service Provide Within 15 Days
Yearly Fee
Services Provided Before the Due Date
In public limited companies involve public money it has to make a lot of compliance under the companies act, income tax, FEMA SEBI, RBI, etc.
A public limited company can raise is entitled to go public, issue its shares in the stock market, or accept public deposits. The following are the main and most significant exclusive features of a public limited company:
A public limited company can have a rather huge magnitude of capital, much more than that gathered by a private limited company.
It is legally authorized to trade on stock exchanges.
There is no limit to the maximum number of shareholders in a public limited company.
The shareholders of a public limited company have limited liabilities, limited roughly to the face value of the shares they own. Again, shareholders do not have to take part in the day-to-day management of the business of the company.
Shareholders of a public limited company are entitled to transfer their shares freely without needing the consent of someone.
Yes, NRI Can be the director of a public limited company as well as a shareholder of the company of India. Director must be qualified as per provision of companies act and such person has to obtain the DIN issued by MCA
Yes, There is no need to have nondomestic/commercial space for registering a company in India.
Yes, Employee of the company can be a director in the company subject to his employment agreement may have some restriction
A Listed company means a company whose stock is listed in recognized stock exchange but the following are not consider listed companies with effect from 1st April 2021