A public limited company enjoys a better avenue in terms of borrowing of the funds. A public limited company can be either a listed one or an unlisted one. A public company has to follow much more compliances as compared to a Private limited company. It can deal in both secured and unsecured debts. A public limited company allows you to trade in the market and issue shares, debentures and accept deposits. A public limited company registration is always beneficial because a public limited company is preferred to provide big financial loans as compared to Pvt. Ltd., LLPs and Firms. Incorporation of Public company under Companies Act 2013 gives the ease of doing business, better transferability, more transparency and more accountability of the company towards shareholder.
Public Limited company can be started with minimum 3 directors and 7 shareholders , maximum shareholders can be unlimited, Foreign nationals can also be a director and share holder in the company, that’s why it’s preferred choice of entity for foreign promoters.
Time duration for Public limited company registration: Normally it takes 5 working days to get the private limited company registration subject to proposed company name availability approval.
