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Public Limited Company
Public Limited Company
Why Public Limited Company ?
1.A business setup on bigger vision to create impact on health , economy , employment , livelihood etc.
2. Starts with minimum of 3 directors and 7 shareholders with minimum capital of Rs 5 lacs..
3. Public limited company gives greater credibility and easy access to raise funds.
2. Starts with minimum of 3 directors and 7 shareholders with minimum capital of Rs 5 lacs..
3. Public limited company gives greater credibility and easy access to raise funds.
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FAQ
Frequently Asked Questions
A Public Limited Company (PLC) is a business structure where shares are offered to the public for investment. It’s a legal entity that enables businesses to raise capital through the stock market.
Opting for a Public Limited Company allows you to pursue a broader vision, impacting areas like health, economy, employment, and livelihood by accessing public funds and enhancing credibility.
To start a PLC, you need a minimum of 3 directors, 7 shareholders, and a minimum authorized capital of Rs 5 lacs, adhering to the Companies Act regulations.
Public Limited Companies can issue shares to the public, attracting investments from a wide range of individuals and institutions. This provides a substantial source of capital for business expansion.
A PLC offers credibility and transparency due to its regulatory obligations. It provides access to public capital markets, a broader investor base, and potential liquidity for shareholders.
Operating as a PLC involves higher compliance costs, increased regulatory oversight, and the need to meet continuous disclosure requirements. It also exposes your business strategies to public scrutiny.
Begin by choosing a suitable name for your company, obtaining Director Identification Numbers (DIN) and Digital Signature Certificates (DSC) for directors, drafting a Memorandum of Association (MOA) and Articles of Association (AOA), and filing incorporation documents with the Registrar of Companies.
Directors are responsible for the company’s management, decision-making, and compliance with regulations. They hold fiduciary duties toward shareholders and the company.
Success hinges on strategic planning, effective corporate governance, transparent reporting, and adapting to changing market dynamics. Engage legal and financial experts to navigate the complexities of running a PLC.
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