PUBLIC
LIMITED COMPANY |
Incorporating a Private Limited Company is like giving birth to a child, as it requires to take utmost care on time. A private limited Company is the Most Preferred and common type of Entity in India. Two persons come together to incorporate Private Limited Company to do lawful business Transactions with limited liability. There are various exemptions as Compared to Public Limited Company.
A private limited company is incorporated with the motto to raised funds. In this globalized world, the private limited company grows faster. As 100% FDI is allowed without any approval. In Private Limited Company, liability is limited; it is extended up to the share capital/Guarantee given by its Promoters.
Most of the start-up and growing Company goes for the private company as it allows to raise capital very easily, 100% FDI, limits the liability of the director and shareholder allows employees stock option.
If you Registered Private Limited Company then you can avail benefits under the Start-Up India initiative by the Government of India.
If you want
to Register, your Private Limited Company than VS IPR & LEGAL ADVISORS will
help you in Company formation and in all the Compliance after Company
registration.
ANALYSIS ON PUBLIC LIMITED COMPANY |
Maximum
Member unlimited
Minimum
Director 3
Maximum Director 15
Note it can have
more number of Directors only after passing Special Resolution.
For
incorporation of company at least one director must be an Indian resident.
REGISTRATION BENEFITS OF PUBLIC LIMITED COMPANY |
Separate legal entity
Private Limited Company is an artificial person created by law and it is separated by
law from its owner.
Limited Liability
The
liability of the shareholder is limited up to capital contribution in business
in his name and the personal Asset does not get affected by it unlike Sole
proprietor or Partnership Firm.
Easy and Lesser Compliance
Compliance Requirement
as Compare to the Public Company is minimum. As Private Company has got many exemption under the Companies Act,
2013.
Life Span
Death and
insolvency of any of the member does not affect the continuity of the company.
Thus the life of its members does not affect the company.
Restriction
There is no bar on Private limited Company on its Turnover and share capital as compare to the One Person Company.
DOCUMENTS
REQUIRED FOR PUBLIC LIMITED COMPANY |
* Stamp duty Extra for States: Punjab, Kerala, Madhya
Pradesh, Sikkim
* Charges extra for NRI/Foreign Directors