What is a public limited company?

A Public limited company is a company that has limited liability and offers shares to general public. The shares can be acquired by way of Initial Public Offer or trading through stock market after listing.

Basic requirements of a Public limited company:

Documents required for a public limited company:

• Passport size photo of all directors.
• Identity proof of all directors
• DSC and DIN of all directors
• MOA AND AOA
• EB bill or Rental agreement of office premises

Unlisted Public company:

Unlisted companies are companies that are not listed in stock exchanges, therefore are privately held. Since they are not listed, they do not have the opportunity to raise finance through share offer to public investors. Instead they can issue shares to known parties such as family and friends in order to raise equity.

Unlisted companies have less complicated and stringent regulatory requirements compared to listed companies.

Listed Public companies:

Listed companies are the companies that are listed on a stock exchange where its shares are freely tradable and investors can purchase and sell shares at their discretion. Such investors become shareholders of the respective company upon the purchase of shares. A company may be listed on the Main Market of the stock exchange such as NSE or BSE.        

Statutory compliances:

All private limited companies are required to file Income Tax return 6 as per the Income Tax act.

All company shall register for GST if the exemption limit is exceeded or through voluntary registration

Other compliances as prescribed by any other act or law.