PUBLIC LIMITED COMPANY REGISTRATION

Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A Public Limited Company has most of the characteristics of a Pvt. Ltd. Co..

 

Starting for Rs.28,999/- all-inclusive

* Prices are higher in Madhya Pradesh, Kerala and  Punjab

ADVANTAGES OF PUBLIC LTD. CO.

SEPARATE LEGAL ENTITY

A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts

UNINTERRUPTED EXISTENCE

A company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

BORROWING CAPACITY

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

EASY TRANSFERABILITY

Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares

OWNING PROPERTY

A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

LIMITED LIABILITY

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company’s debts is limited.

CAPACITY TO SUE AND BE SUED

To sue means to institute legal proceedings against or to bring a suit in a court of law. Just as one person can bring a legal action in his/her own name against another in that person’s name, a company being an independent legal entity can sue and also be sued in its own name.

DUAL RELATIONSHIP

In the company form of organization it is possible for a company to make a valid and effective contract with any of tis members. Thus, a person can at the same time be a shareholder, creditor, director and also an employee of the company.

How Fundvisors will help you?


We help our clients in getting Public Limited Company incorporated in 15-20 days depending on the government approvals and client’s response in providing required documents. Our experienced team of professionals is just a call away to provide solutions to all your queries before they even arise. We provide you all Support services to run your business smoothly.