Public Limited Company
This is chosen by entrepreneurs who want to establish big business setups in India like tata, reliance and Infosys. To get your company listed on the stock exchange of India and raise funds from the public by issuing shares, a Public Limited Company is the most suitable for you to start.
But Infinity tax filing personally suggests you to establish your business as either private limited or LLP in the beginning and later convert into a Public Limited Company as your company goes into the expansion stage.
Infinity Tax Filing will incorporate your company within 10 to 12 working days subject to time processing by ROC.
Get to know more of Public Limited Company ?
A Public limited company has the following advantages
- Liability is limited by shares. It means you need not bring money from your personal savings or assets to pay the liabilities of the company more than the subscribed paid up value of shares.
- Raise money from the public. It means you can raise funds from the general public into your company by issuing shares or debentures (loan).
- No restriction on the transfer of shares. You can transfer your shares to any person on the stock exchange market, unlike the private limited company.
- Separate legal existence. It means you and your company are different and the company is an artificial person in the eyes of law.
There is a minimum of 7 persons required as shareholders and 3 as directors to set up a limited company and there is no limit on the maximum number of shareholders.
The minimum paid-up share capital is Rs.5 lakhs and once the company is registered with the MCA, it is permitted to do business anywhere in India.
It has more of features of Private Limited Company and has more stringent regulatory compliances to be followed otherwise heavy penalties and punishment will be levied by MCA.
What is included in the package ?
· DSC of 3 directors
· DIN of 3 directors
· MOA & AOA
· Name approval letter
· Incorporation certificate
· Company PAN
· Company TAN
· GST Registration
· INC 20A (Commencement of business certificate)
· Assistance in opening bank Current A/c in ICICI and Kotak.
· Dedicated CA and CS
Steps we follow
- Obtaining DSC : Digital Signature Certificate is mandatory for proposed partners which will be obtained within 1 day. At Infinity Tax Filing, we have a licensed DSC partner with certified authorities approved by Government.
- Documents Preparation : Infinity tax filing has a team of experts to prepare the documentation work within 1 to 2 working days.
- Incorporation Certificate : Infinity tax filing will submit all the filing documents to the MCA after due verification by another checker team and MCA will approve the application in 3 to 5 days subject to ROC time processing.