A public limited company ('PLC') is a company that is able to offer its shares to the public. Or public limited company is a company where the shares are widely held by public. In other word a public Limited Company is a voluntary association of members that are incorporated and, therefore has a separate legal existence and the liability of whose members is limited. Seven or more persons are needed as promoters of a Public Limited Company, out of which at least three persons should be the first directors of the company. There is no maximum limit on the numbers of shareholders of a Public Limited Company, while the maximum number of Directors as prescribed is fifteen, Which can be further Increased. The Shares of any Public Limited Company could be freely transferable. Here, the word "Limited" is added after the name of company.

    The Public Limited Companies are suitable for large scale of project where the capital requirement is very high, and the company is willing to obtain money from the public at large. Public Company registration is a complex procedure as it requires proper documentation. The working of the Public Company is subject to more strict compliances of the provision of the Companies Act 2013. A Public Limited Company can be either listed or unlisted. A Public Limited Company is strictly regulated and is required to publish its true financial health to its shareholders. And has to compulsorily present its financial statement and position publicly to maintain transparency.

Kuber Life is one the leading professional services provider. Submit the required documents and we will assist you with the whole registration process without any delay.

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Minimum Requirement for Public Limited Company

• Minimum 3 (three) Directors (one should be Resident of India) and
• Minimum 7 (seven) shareholders (directors can be a shareholders)

Benefits of Public Limited Company

Limited Liability

The liability of members is limited to the contribution made by them. Members are under no obligation to pay any more than the value of the shares they have taken in the business.

Unlimited Source Fund

The Public Limited Company has an unlimited source of raising fund through Public, Bank or Institute which results in pursuance of new projects and for capturing the new market.

Transferable Shares

In a public limited company, the shares are freely transferable. The right to transfer shares is a statutory right and it cannot be taken away by a provision in the articles.

Issue of Securities

There is no restriction on the issue of securities to the general public. The company can issue the same via an initial public offer (IPO) or a bonus issue through private placement.

Documents required

-    PAN Card
-    Self attested PAN Card issued by I.T. Department
-    Aadhar Card
-    Self attested Aadhar Card issued by UIDAI
-    Id Proof
-    Self attested id proof (Voter ID/DL/Passport)
-    One month Bank statement/ telephone bill
-    A latest passport-size colour photographs
-    Utility Bill
-    Address Proof
-    Photographs
-    Latest electricity bill with NOC/ Rent Agreement