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Complementary Incorporation Kit;
Complementary Incorporation Kit;
Complementary Incorporation Kit;
Complementary Incorporation Kit;
What is Public Limited Company?
A public limited company mainly two types 1. Unlisted Public Company, 2. Listed Public Company. Public Limited Company have also limited liability to its shareholder and directors. A minimum of three Directors and seven members are required for establishing a Public Limited Company and it has more compliances and regulatory requirements compared to a Private Limited Company.
Why Choose Public Limited Company:
Minimum requirement to incorporate Public Limited Company;
For Registered Office of the Company:
1. Electricity Bill / Telephone Bill / Mobile Bill (Not Older than 2 Months)
A utility bill, rent agreement or sale deed and an NOC from the landlord with his / her consent to use the office as a registered office of a company must be submitted as well.
Public limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Public Limited Company instead of proprietorship or normal partnerships.
Public limited companies have equity and its more suitable/ preferable for the venture capital, private equity, bank, angel investor to invests/funding in such company. Public company has a more option to get fund apart from the above mention like; Right Issue, issuing Debenture, convertible debentures, issuing preference Shares and many more. The Banks and Financial Institutions prefer to provide the funding to a company rather than the partnership firms or proprietary concerns.
The Ownership decided for the number of shares held by the shareholder and shares can be transfer to the other person or entity.
There is no personal liability of Director and shareholder for any debt of the company. So, the director personal property are safe.
Company has a spate PAN, Other registration in its own name and its legally recognized as a spate entity. Company can own property its own name
A Public Limited Company has a number of tax benefits available. As per recent announce company incorporate after October 2019 in manufacturing or service sector can avail tax benefit at a rate of 15% and 22%. Company can also avail deduction on employer –employee Insurnce policy as per the income tax act.