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Public Limited Company

Ryot Associates provide public limited company registration in Coimbatore, Tirupur, Erode, Namakkal, Chennai and all other places in Tamilnadu. Public limited company is a company which may raise the capital by issuing shares to the general public. It has the option to list their shares in a public stock exchange when it needs huge amount of funds to expand the business. To register a public limited company, a minimum number of seven members and a minimum number of three directors are required. The rules for registering a public limited company are more stringent than the private limited company.

Documents required for registration

  • PAN card of the directors and shareholders
  • Passport size photo of all directors.
  • Copy of proof of address for all the proposed directors and shareholders
  • Address proof for registered office, Rental agreement and No-objection certificate from the landlord along with copy of any of the latest property tax receipt or electricity bill or water tax receipt.
  • DSC (Digital Signature Certificate) of the directors and shareholders.
  • INC-33 (e-MOA) and INC-34 (e-AOA)
  • Incase of NRI directors passport copy should be notarised by the consulate.

Advantages of Public Limited Company

Better Access to Capital

The prime advantage in the public limited company is its easy access to the capital. Public limited company sells its shares to the public and anyone can invest their money. So, the capital raised in the public limited company is larger than the private limited company.

Finance Opportunities

The public limited company will find a better position in looking at the potential finance sources. Banks and other financial institution will extend finance willingly to the public limited company.

Transferability of Shares

The public limited company shares are easily transferable than the private equivalent. The shareholders can easily transfer the shares of the company if the shares are quoted on a stock exchange.