Public Limited Company
A Public Limited Company is limited by shares and having no restriction over maximum number of shareholders, transfers of shares, or acceptance of deposits. A Limited Company offers limited liability to its shareholders, liability of each shareholder is restricted to the extent of unpaid amount of share face value and premium thereon, Public company has heavy compliance burden in comparison to private limited company.
Separate legal Identity
Limited liability for shareholders.
Well understood and accepted structure.
Able to raise significant capital.
Easy to sell and pass on ownership.
Profits can be reinvested in the company or paid to the shareholders as dividends.
Steps to Incorporate Private Limited Company
Apply for the Digital Signature for the Directors required for company registration
Apply for the DIN (Director Identification Number)
Issuance of Name Approval Letter from ROC
Apply for the Name approval on the MCA Portal according to MCA Guidelines.
Check for Name Availability
Sign and file various documents including MOA & AOA with the Registrar of Companies electronically.
Draft Memorandum of Association and Articles of Association (MOA & AOA) in approved name
Issued Certification of Incorporation
Apply for the PAN Number and open a current bank account
Apply for other Licenses as required