Public Limited Company is the company that issue securities through Initial Public Offer (IPO) and should be the preferred choice of business in India if planning to raise funds from the general public because public limited companies have got privileged under Securities Laws to access capital market. The Public Limited Company is considered to be more transparent as many more disclosures are required. The share can be transferred without any hassle.
Public Limited Companies in India are a destination point for Foreign Direct Investment (“FDI”), because, under Foreign Exchange Laws, there are the areas open for public limited companies to attract foreign loans and equity participation.
A Public Limited Companies have following features:
Documents required for registering a Public Limited Company
1. Memorandum of Association
4 Steps to get process. We'll email you at different points in the process or you can check the status of your order anytime in our Online Status Centre.
INC-32 must be accompanied by supporting documents including details of Directors & Subscribers, affidavits, declaration, MOA, AOA, identity proof, address proof etc.
The MOA and AOA are provided differently in electronic form e-form INC-33 and INC-34 respectively. In INC-33 you have to mention the object of the company and in INC-34 you have to provide for pre-drafted clauses of AOA.
The subscribers and the witness of MOA and AOA will affix their Digital Signature on the e-form INC-33 and INC-34. Also, the date of signing the MOA & AOA will be the date of affixing the DSC.
Under this process, even if you have applied the name in form INC – 1, still can incorporate a company through e-form SPICe INC-32.