PUBLIC LIMITED COMPANY
Incorporating a Private Limited Company is like giving birth to a child, as it requires to take utmost care on time. A private limited Company is the Most Preferred and common type of Entity in India. Two persons come together to incorporate Private Limited Company to do lawful business Transactions with limited liability. There are various exemptions as Compared to Public Limited Company.
A private limited company is incorporated with the motto to raised funds. In this globalized world, the private limited company grows faster. As 100% FDI is allowed without any approval. In Private Limited Company, liability is limited; it is extended up to the share capital/Guarantee given by its Promoters.
Most of the start-up and growing Company goes for the private company as it allows to raise capital very easily, 100% FDI, limits the liability of the director and shareholder allows employees stock option.
If you Registered Private Limited Company then you can avail benefits under the Start-Up India initiative by the Government of India.
If you want to Register, your Private Limited Company than VS IPR & LEGAL ADVISORS will help you in Company formation and in all the Compliance after Company registration.
ANALYSIS ON PUBLIC LIMITED COMPANY
Maximum Member unlimited
Minimum Director 3
Maximum Director 15
Note it can have more number of Directors only after passing Special Resolution.
For incorporation of company at least one director must be an Indian resident.
REGISTRATION BENEFITS OF PUBLIC LIMITED COMPANY
Separate legal entity
Private Limited Company is an artificial person created by law and it is separated by law from its owner.
The liability of the shareholder is limited up to capital contribution in business in his name and the personal Asset does not get affected by it unlike Sole proprietor or Partnership Firm.
Easy and Lesser Compliance
Compliance Requirement as Compare to the Public Company is minimum. As Private Company has got many exemption under the Companies Act, 2013.
Death and insolvency of any of the member does not affect the continuity of the company. Thus the life of its members does not affect the company.
There is no bar on Private limited Company on its Turnover and share capital as compare to the One Person Company.
DOCUMENTS REQUIRED FOR PUBLIC LIMITED COMPANY
* Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh, Sikkim
* Charges extra for NRI/Foreign Directors