PUBLIC COMPANY

A Public Limited Company under Company Act 2013 is a company that has limited liability and offers shares to the general public. It’s stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market.

As per the provisions of the Companies Act, 2013 to start a public limited company, a minimum of 3 directors are required and there is no restriction on the maximum number of directors.

DOCUMENTS REQUIRE

  • Proof of identity of all the shareholders and directors
  • Proof of address of all the directors and the shareholders
  • PAN number of all the shareholders and directors
  • Utility Bill of the proposed office i.e. proposed registered office for the company
  • A NOC (No Objection Certificate) from the landlord where the office of the company will be situated
  • DIN of all the directors
  • DSC of the directors
  • MOA
  • AOA

BENEFITS OF PUBLIC COMPANY

  •  Raising capital through public issue of shares
  •  Widening the shareholder base and spreading risk
  •  Other finance opportunities
  •  Growth and expansion opportunities
  •  Prestigious profile and confidence
  •  Transferability of shares
  •  Exit Strategy