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Lawyers for Public Limited Company in Delhi

A PLC is a company that has opened its stock to the general public. The holders of such shares are limited in their liabilities and are therefore not responsible for whichever economic loss in excess of the price of such shares.

PUBLIC LIMITED COMPANY

A limited liability company that sells shares to the public is referred to as a public limited company under the Companies Act of 2013. Through trading in the stock marketplace or a private initial public offering (IPO), anyone can buy its stock.

A public limited company is subject to tight regulations and is obligated to disclose to its shareholders its genuine financial situation.

Characteristics of a Public Limited Company

  • Directors: According to the Companies Act of 2013, there is no limit on the maximum number of directors and a minimum of 3 directors are necessary to form a public limited company.
  • Limited Liability: Each shareholder only has a small amount of liability. Contrary to partnerships and sole proprietorships, where the partners and business owners are jointly and severally liable for the debts of the business, a shareholder of a public limited company is not directly responsible for any losses or debts suffered by the business that exceed the cost of their investment.
  • Paid-up Capital: A public limited company must have at least Rs 5 lakh in paid-up capital, or the larger amount specified by the statute, in order to operate.
  • Name: It is a compulsory requirement under the Companies Act, 2013 for all public companies to add the word ‘limited’ after their name.

Requirements for Public Limited Company Registration

The Companies Act of 2013 stipulates a number of laws and regulations for the creation of a public limited company. What to consider when forming a public limited corporation is listed below:

  •  A request must be made containing the company's main object clause. What a firm will do after incorporation will be specified in this object clause.
  • Submission of the application to ROC along with the required documents like MOA, AOA, duly filled Form DIR – 12, Form INC – 7 and Form INC – 22 is needed.
  • Payment of the prescribed registration fees to the ROC is required.
  • After obtaining approval from the ROC, the company should apply for the ‘certificate of business commencement.
  • It is necessary to submit an application that includes the company's principal object clause this object clause will state what a firm will do upon incorporation.
  • A request must be made containing the company's main object clause. This object clause will state what a firm will do upon incorporation.
  • Submission of the application to ROC along with the required documents like MOA, AOA, duly filled Form DIR – 12, Form INC – 7 and Form INC – 22 is needed.
  • Payment of the prescribed registration fees to the ROC is required.
  • After obtaining approval from the ROC, the company should apply for the ‘certificate of business commencement. It is necessary to submit the application to ROC with the necessary paperwork, including the MOA, AOA, properly filled-out Form DIR-12, Form INC-7, and Form INC-22.
  • It is necessary to pay the ROC the prescribed registration fees.
  • The business should apply for the "certificate of business commencement" after receiving ROC approval.

A public limited company that sells shares to the public is referred to as a public limited company under the 2013 Company Act.

Examples of some well-known public limited companies you may recognise: AstraZeneca Plc. Barclays Plc. Cine world Group Plc.

Proof of identity of all the shareholders and directors, Proof of address of all the directors and the shareholders, PAN number of all the shareholders and directors.

ore regulated both for taxes and Companies House, HMRC tax deadlines are shorter for public companies, Unlike Ltd’s company secretaries, a PLC’s company secretary must be fully qualified.

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