What is a public limited company?

A company registered under the Companies Act (1980), with statutory minimum capital requirements and shares offered to the public subject to conditions of limited liability is public limited company and A private limited company, or LTD, is a type of privately held small business entity.

Advantages of a Public Limited Company

The shareholders have limited liability.

A company can raise additional capital by issuing more shares or debentures. Greater borrowing power.

A board of directors with experience/ expertise can be appointed.

Shareholders can sell/transfer their shares freely.

Documents Required

Mandatory Documents

Indemnity Bond notarized by Directors (STK 3).

Statement of Accounts latest.

Statement of Accounts containing assets & liabilities of the Company Audited by CA.

Affidavit in Form STK 4 by every Company.

Special Resolution or Consent of 75% Member.

Optional Documents

Bank Account Closure Certificates.

PAN Card of the Company.