Raise Large Capital
A Public Limited Company has more transparency and credibility in business than Private Limited.
Public limited company always preferred if you have a broad vision from startup to IPO.
Public limited company can fulfill its capital requirements from Public as Equity or debenture or deposit.
A public limited company can have unlimited members / Share Holders.
Shares can be sold openly and offer more transparency for shareholder lenders, creditors, and bankers.
With registration, MyCorporation.in offers real-time updates, Compliance Support, FREE Accounting and Invoicing Software with FREE Legal Consultation.
A public company shall have minimum 7 members and 3 directors. Every private limited company which has a subsidiary of public company shall be treated as public company in the eyes of law. The Liability of each member or shareholder of a public company is limited.
Better Access to capital; ie raising share capital from existing or new investors. Liquidity; Shareholders are able to buy and sell their shares if they are quoted on the stock exchange.
The Company can be expensive to establish, maintain and wind up. The reporting requirements can be complex and if the directors fails to meet their legal obligations, they may be held personally liable for the Company's debts.
Copy of Income Tax PAN (Permanent Account Number) of all directors / Promoters.
Copy of Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all Directors / ShareHolders
Latest passport size Photographs of all directors / Promoters.
Utility Bill (Electricty Bill) of premises proposed to be the registered office In case Premises is taken on Rent / Lease ( Rent agreement will also be required)
Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of all directors / promoters with same address as given in Voter Id, Passport, Driving License, Aadhar Card.
Director Identification No
Incorporation Form SPICe
PAN and TAN
|Private Limited||Limited Liability Partnership||One Person Company||Partnership Firm||Sole Proprietorship|
|Recommended For||Start-ups and growing||Professional services firms||Sole promoters||Home businesses||Small traders|
|Ease of Accommodating||Very easy to accommodate||Possible, but unlikely||Possible, but severely||Almost impossible||Impossible|
|Limited Liability Protection||Yes||Yes||Yes||No||No|
|Tax Advantages||Few benefits||Most efficient||Few benefits||Minimal||Minimal|