A fairly straightforward process, but do remember that you need three directors, seven shareholders and a paid-up capital of at least Rs. 5 lakh.
Just tell us a little bit about your business and you'll have gone public 35 working days later. During this time, we'll have the word private removed officially from your name, alter the Articles of Association and complete all the requirements necessary to form a public limited company.
We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.
Shareholders of a public limited company can transfer their shares with great ease. All they need to do is file the share transfer form and hand over the share certificate to the buyer. The process of transfering your share in other business structures is hugely tedious.
The big advantage of the public limited structure is that you can leverage it to raise capital from the general public through shares. This would, however, require listing on a stock exchange. All public limited companies can issue fixed deposits, debentures, convertible debentures to the general public.
Public limited companies need to disclose their audited statement of accounts, inform the regulatory bodies of any structural change and hold annual general body meetings for all shareholders. It's tedious but these compliances bring a public limited company a great deal of credibility to the organisation.
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