Public limited Company Registration in Chennai

Advantages of Public Limited Company Registration in Chennai

• Perpetual Existence: A company continues to exist irrespective of the status of the owners.
• Limited Liability: A shareholder is liable only to the extent of the unpaid amount on his holding.
• Separate Legal Identity: A company enjoys a separate legal identity, unlike partnership firms.
• Greater Borrowing Power: Companies have better avenues for borrowing funds, unlike other forms of business.
• Access To Public Funds: A public company in Chennai can invite the public to subscribe to its shares, unlike a private limited company.
• No Restriction On Share Transfer: There is no restriction on the transferability of shares. A shareholder can transfer his shares to any person.

Disadvantages of Public Limited Company

• Loss Of Control: Control over the company’s affairs seems to exist in a few hands.
• Strict Legal Formalities And Compliances: Strict legal formalities and regulations are to be complied with by public limited companies.
• Sharing Of Profits: Profits of the company are shared amongst many shareholders thereby decreasing each person’s share.

Documents Required for Public Limited Company Registration in Chennai

• PAN card and Residence Proof of directors of the company
• Passport-size photograph of directors
• Copy of Aadhar or Voter Identity card
• Copy of rental agreement / EB card of the business place
• Bank Statement / Cancelled Cheque of the business

What is Included in This Package?

• Verification of Documents
• DSC and DIN for 3 Directors
• Name approval and ROC fees
• Drafting MOA & AOA
• Following until the Certificate is allotted
• Applying PAN & TAN

Process of Public Limited Company Registration in Chennai

• Applying DIN&DSC: DSC and DIN for all directors are required.
• Name Approval: 4-6 proposed names should be provided that should be unique and suggestive of company business.
• Document Submission: A duly filled Application along with required documents should be filed with the RoC.
• Company Registered: Once your Company is Incorporated. An Incorporation Certificate will be issued.