Services.Corpzo is an initiative by Corpzo Ventures Private Limited with a team of more than 1000 legal, finance and banking professionals, set out to assist entrepreneurs around the globe in their business quests. We believe that every business needs nourishment in its budding stages. Ensuring smooth navigation through the bumpy ride of legal compliance, financial risks is what we are good at. We understand that the journey of an entrepreneur begins with his idea of a business. We, at, Corpzo, offer a complete range of professional services and tailor-made solutions for the evolution of your business ranging from incorporation compliance, legal, financial, taxation, technology, Intellectual Property Management, Registrations, Licensing and Marketing.
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What is a Public Limited Company?
Public Limited Company is a type of Company with the following features:
➲ Is not a private company
➲ Has a minimum paid-up capital of five lakhs rupees or more
➲ Has a minimum of 3 directors
➲ Has a minimum of 7 shareholders
Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles
It is a form of business which is came into existence through companies act. It is a form of business having separate legal entity from its promoter just like other forms of company. The main advantage of Public limited form of company is that it can raise capital from the public, it can transfer its share from one person to another, and there is more opportunity of growth and expansion under this form of company and many more.
Minimum Legal Requirements
Minimum Legal requirements for incorporating a Public Limited Company:
For incorporating Public Limited form of a company there are certain minimum legal requirements:
➲ Minimum Capital Requirements:
The Minimum paid-up Capital Required for incorporating a public limited company is INR 5,00,000/-. However, there is no upper limited prescribed for the same.
➲ Minimum number of Directors:
A public limited company can be incorporated with a minimum of 3 directors and a maximum of 15 directors.
➲ Minimum Shareholders/Members
A public limited company can be incorporated with a minimum of 7 Shareholders or members. However, there is no upper limit for the number of shareholders in a public limited Company..
Benefits of a Public Limited Company
Public Limited Company form of business is an easy and simple way to get into the corporate world and it is an easy way for a good start-up. It offers the benefit of limited liability to its members whereas a possibility of issuing shares to the public, which is not the case in a private limited company. This form of the company allows you to raise money from the public, you can allot or transfer the shares to the public. It also offers fewer restrictions in terms of transferability of shares as compared to A private limited Company.
➲ Shares are freely transferable and no one’s consent is required for such transfer.
➲The liability of the shareholder(s) is limited to face value of their respective shares
➲ Day to day activities of the Company are not undertaken by the shareholders
➲ Can raise capital from the public
Documents Required for incorporating a Public Limited Company
➲ Mandatory Documents
PAN card of all the shareholders and directors.
Aadhar card of all the shareholders and directors
➲ ID proof of proposed Directors and members (any one of the following):
Passport
Voter’s ID
Driving License
➲ Address proof of proposed shareholders and directors (any one of the following):
Telephone bill
Mobile Bill
Bank statement
Electricity bill
➲ Address proof for the principal place of business of the proposed company (any one of the following)
Utility bill like telephone bill, electricity bill, gas bill, water bill
Rent agreement with rent slip
Proof of ownership
Business Name:- Corpzo Ventures Private Limited
Address : G 41, Sector 63, Noida
Email : [email protected]
Phone : +91 9999 139 391
Whatsapp : +91 9999 139 391
Address : G 41, Sector 63, Noida
Email : [email protected]
Phone : +91 9999 139 391
Whatsapp : +91 9999 139 391