A Company is the most acknowledged and accepted form of Business Structure worldwide. Not only it attracts investors but also encourages the entrepreneurs to represent their business in a form which is common and familiar to all. Further, it provides other benefits too such as that of having a perpetual succession and limited liability. Since a company has a separate legal identity from that of its promoters, it is capable of holding funds and properties and to sue and be sued in its own name. It is also eligible to borrow funds in different forms such as loans, debentures, etc.
Public Limited Company
Brief Idea :
Where there is a requirement of huge funds, public company is one of the best options to go for. It helps to raise funds from public in the form of investment in shares, public deposits, debentures etc. It may also transact its shares in national and international markets by getting itself listed on the Stock Exchange which also helps in brand recognition.
Minimum Requirements :
Directors- 3
Members- 7
Documents :
PAN Card of all Directors and Members (Self attested)
Identity Proof of all Directors and Members - Aadhar Card or DL or Voter ID or Passport (Self attested)
1 Passport size photo of all Directors and Members
Address Proof of all Directors and Members- Bank Statement/ Electricity Bill/ Telephone Bill/ Mobile Bill (Self attested and not older than 2 months)
Proof of Office address (Conveyance/ Lease Deed/ Rent Agreement along with rent receipts/ Tax paid Receipt/ NOC)
Copy of Government issued Utility Bill of Office address (Not older than 2 months)
Time :
10 to 15 working days subject to ROC processing time
