A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency but at the same time has to comply with more stringent rules and regulations as compared with the latter. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.
A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors this is beneficial in raising capital. A minimum of three Directors are required for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company. It can invite public to invest in the company and accepts deposits from the public.
Following documents are required for incorporation of LLP:
- Passport size photographs of all the directors and shareholders
- Email ID and Contact Number of all the directors and shareholders
- PAN Card of all the directors and shareholders
- Voter ID/ Passport/ Driving License of all the directors and shareholders
- Copy of utility bill along with NOC/ rent agreement/ sale deed/ lease deed for registered office address.
