Public Limited Company Registration is creation of law and can be registered / incorporated as per the law and provisions contained in The Companies act 2013 and the rules made thereunder. Any sevenperson can open Public limited company with no limitation to number of members in company. The minimum capital required to form a public Limited Company is Rs. 5,00,000. This form of business is suitable for large scale of business where the capital requirement is very high and the company is willing to obtain money from the public at large.
Two front-facing colour photographs of directors / shareholders
Pan Card of each director, The name must match with IT database
Identity Proof of each director, (Aadhar Card, Passport, Driving License or Voter ID Card)
Address Proof (Bank Statement or Passbook, electricity bill, telephone bill, or any utility bill)
Proof of the registered address of Company (Sale Deed, electricity bill, tax paid receipt or any other utility bill)
No objection Certificate from the owner of premises where registered office of the company shall be situated
Documents Must be self attested and attested by a Gazetted Officer, Post Master or a Bank Manager
DSC is required for e-filing with MCA. An application need to be filed alongwith ID and Address proof duly attested by a Gazetted Officer, Post Master or a Manager of Nationalised Bank.
This Pack enables you to have a legal entity registration with all necessary document for opening of the bank account
This pack includes everything of basic pack and the TDS return filing service for one year
Includes everything of silver pack plus filing of trademark to protect your brand name
Includes Every Thing of Basic+
Limited Liability Partnership
Limited Liability implies that the owners or shareholders of the company are not personally liable to pay debts of the business. They are only responsible for the unpaid shares of the capital of the company. In order to reap the Limited Liability Benefit, owner needs to comply with all laws.
Perpetual Existence implies that the company is unaffected by the death of owner or the transfer of its shares to a new establishment. The best part of perpetual existence is that a company will continue to exist, no matter how many directors, officers and shareholders join or leave.
Capacity to Sue and to be Sued
Private Limited Companies enjoy the advantage to carry out legal proceedings and to bring a suit in the court of law. Like an individual, the companies can bring a legal action in another person's name and also can be sued in the court of the law as they are distict & independent legal entities different from its owners, promoters & directors
Distinct Legal Entity
A legal entity like a company has a separate identity from its owners or shareholders. With the registration of the company according to the law in force= it becomes a distinct legal entity which is different from its promoters and is treated separate under law
Not only the private limited companies receive great financial assistance from banks and financial institutions but also enjoys an advantage of borrowing funds. A private limited company can also issue debentures apart from accepting deposits from the public.
Like a person a private limited company can purchase, sale, own, possess, enjoy and transfer property rights to anyone in its own name. Moreover, no claim can be made upon the property of the company by the shareholder as long as it exists.
SetIndiaBiz is trusted by thousands of businesses just like yours.