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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.

Features

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Separate legal Identity

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Limited liability for shareholders.

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Perpetual Succession

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Well understood and accepted structure.

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Able to raise significant capital.

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Easy to sell and pass on ownership.

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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

Documents Required

Name of the Company- Provide at least three Names

Detailed Description about objective of Company

ID Proof of All Directors/ Promoters (Election Voter ID, PAN Card, Aadhar Card & Passport)

Address Proof of All Directors/ Promoters (BANK Statement, Telephone Bill, Electricity Bill etc.)

Two Photo of All Directors/ Promoters

Rent Agreement and NOC/ Sale Deed of Registered Office of the Company

Business Place ownership proof as latest utility bill (Electricity bill/Telephone bill)

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