Public Limited Company Registration in Chennai
The Public Limited Company registration in India is the most suitable arrangement for business owners planning to run large-scale operations. In order to register as a Public Limited Company in India it must have at least seven members as well as no restriction on the number of shareholders or members that can be registered for a Public Limited Company.
The Public Limited Company in India is able to enjoy all the benefits of a corporate entity along with the advantages that come with Limited Liability. A public limited business is listed on the stock exchange in order to solicit funds from members of the public. Therefore, Public Limited Companies have to follow the numerous laws of the government. They also have to create the process of forming a Public Limited Company.
It is a Public Limited Company that is legally registered as per the provisions of the Companies Act, 2013. A member of the Limited Company registered in India is able to enjoy the benefits that come with Limited Liability and this kind of organization is also permitted to acquire money from investors through the issue of shares.
Additionally, the rules and rules of the rules and regulations of a Public Limited Company are more strict and rigid as compared to a Private Limited Company. It is still better to create a Public Limited Company as it offers the advantages of it being a Private Limited Company with features like transferability that is easy and the ownership of shares.
Documents needed to incorporate the Public Limited Company in Chennai:
It is vital to provide all necessary documents for the registration of the Public Limited Company to avoid legal issues:
- Passport Sized Photographs Of all the Directors
- Copies of the Identity Documents of all the Directors- Aadhar Card, Voter Card, PAN Card.
- DSC (Digital Signature Certificate) of all the Directors
- DIN (Director Identification Number) of all the Directors.
- If the office is rental property, the rental agreement.
- If the office is owned by the by a property owner, the ownership documents
- The water bill as well as the electric bill of the place of business.
- No objection certificate from Landlord.
- Memorandum of Association (MOA)
- Articles of Association (AOA)