Description

Public Limited Company

Public limited companies are the companies who offer shares to the public. PLC is a separate body by the voluntary of members, which also have a legal existence. Public limited is a group of member s who has their own liability and existence. its functionality are followed by government rules and policies .All PLC are register under the ACT ,2013 .its contains all the provisions.

There are categories of Public Limited Company

1. Maharatna

2. Navratna

3. Miniratna

What is Public Limited Registration??

Registration is a process to register a company as public limited whose  shares are traded in market.as a public limited is registered with a group of member so it has an advantage that private limited ,also  members have less liability and ease in transfer of shares and more transparency and strong base in market. A PLC has give less liability to its owner and core management .As PLC based on shares, this is the key point to raise a capital. PLC have minimum three directors, that are mandatory to register as a Public Limited.

Advantages to register as a Public Limited Company

Any numbers of members

Ease in transfer of shareholding

More transparency

Identity mark of public limited

Formation, Management

Limits the liability to its partners

Good Image and credibility in market

Essential Point For Public Limited Company

Minimum Three (3) Directors and Seven (7) shareholders required to register a Public Limited Company.

As per the latest amendment the cap for paid-up capital has been removed, but capital fee has to be paid for Authorized capital and it should be Rs. 5,00,000/- and not less than that.

Just open a bank account on company name and run your business.