The features of a public limited company with Public limited company registration in Chennai are mostly similar to that of a Private limited Company. We briefly discuss the same as under.
- A Public Limited Company, distinct from its members, operates as a separate legal entity with the ability to own assets, borrow funds, and conduct transactions like an individual.
As per Section 3 of the Companies Act 2013, a minimum of seven individuals is required to establish a Public Limited Company, with no cap on the maximum number of shareholders unlike in a Private Limited Company.
- Shareholders' responsibility is confined to their unpaid share capital, alleviating personal liability for the company's debts. This investor-friendly setup encourages public participation in equity and allows the company to invite deposits from the public.
- Such a company with online Public limited company registration in Chennai enjoys perpetual succession, ensuring continuous existence. Governed by a Board of Directors comprising at least three members but no more than fifteen, the company's shares are easily transferable between individuals.
- For identification, the company's name must always include "Public Limited." Public Limited Companies, tailored for large corporations, operate under professional management and must strictly adhere to complex rules and regulations, prioritizing complete transparency in disseminating information to the public.
- These entities serve as ideal platforms for significant corporate ventures, providing access to substantial financial resources crucial for their growth and development.
Proposed director & Shareholder - Indian Citizen:
- PAN Card
- Aadhar Card is necessary for Public limited company registration in Chennai
- Proof of Address (Latest Bank Statement, Telephone, Electricity, or Mobile Bill)
- Passport-sized Photo
Proposed director & Shareholder - Foreign National:
- Passport Copy (Notarized and Apostilled)
- Address Proof Copy (Notarized and Apostilled)
- Nationality Proof Copy (Notarized and Apostilled)
- Two Passport-sized Photos
Register Office documents:
- If the office space is rented, a rental agreement is necessary.
- An Electricity Bill (not older than two months) is required for online Public limited company registration in Chennai.
- If not rented, an Occupancy Declaration from the landlord is needed to operate the business.
- Ensuring compliance with these document requirements is crucial for individuals and businesses aiming to establish their roles or register their office space.