Public limited company is most popular, transparent and well recognized business structure. Mostly, Corporate Customers, Vendors and Govt. Agencies select to contract with Public Limited Companies apart from proprietorship or normal partnerships. Company must have minimum 7 shareholders and minimum 3 directors in which one of the directors must be Indian resident. In order to register public limited registration, minimum authorized share capital Rs. 5 lacs are required. Unlike other partnership or private limited company, easy transfer of shares available in case of exit from the company. Only shares need to be transferred to the buyer along with the executed transfer forms.
It is suitable for the business interested in heavy investment. One of the benefits of Private limited company is that they can easily enrol themselves in various stock exchanges and raise their funds in stock market. Private limited company have various possibilities in which they can raise their funds through loans from bank, general public and other investors. Same as private limited registration, a foreign national has the right to become director of private limited company. After registration of the company, the company must add Private limited with the name of the company for its identity. Public limited company can only be identified with their names suffix, company share, formation and no. of members and directors. Get your company registered in easily online 8in just 2 weeks with the required documents.