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Public limited company are businesses whose stock is traded on the
exchange or that offer fixed deposits. A public limited company has all the benefits of a
private limited company, including the ability to accept any type of membership, the simplicity
of share transfers, and a high degree of openness.
Getting assistance from a public limited company registration advisor is essential for anyone wanting to register a public limited company. To register a public limited company, call LegalRaasta.
The applicant must apply for a Director Identification Number (DIN) and a Digital Signature Certificate (DSC).
The company name is checked and verified in this step to ensure that it complies with the Ministry of Corporate Affairs' (MCA) requirement.
The applicant would file the application form to obtain the certificate of incorporation once the name of the public limited company had been approved by the appropriate authorities.
After completing the aforementioned steps, the applicant must submit all necessary paperwork to the MCA.
The Registrar of Companies will issue the public limited company's certificate of incorporation after confirming the procedure.
The final step entails opening a bank account in the name of the public limited company to handle day-to-day business on the organization's behalf.
According to the Indian Contract Act of 1872, shares are legal instruments that can be freely transferred with the bare minimum of formalities.
Banks and other financial institutions respect public company when they borrow money from them, which would increase the company's visibility.
The directors and shareholders of a public limited business benefit from the separate legal entity idea which indicates that the director’s and member’s liability is strictly capped at a certain sum.
Shares of a public Company can be listed on a stock exchange. Yet, the public Company must adhere to compliance when listing its shares on a stock exchange.
LegalRaasta was founded on the principle that sophisticated legal and taxation services should be simple, modern, and inexpensive. We can serve our clients more efficiently thanks to cutting-edge practise technology.