Public limited Company (Ltd.) (GST Registration)

A public limited company (PLC) is a type of business entity that is publicly traded on a stock exchange. It can offer shares to the public and may have a large number of shareholders. The "Ltd" in the name indicates that it's a limited liability company, where the liability of shareholders is limited to the amount unpaid on their shares.

Here are some key characteristics of a Public Limited Company (PLC):

Limited Liability: Shareholders have limited liability, meaning their personal assets are protected in case the company faces financial difficulties. Their liability is generally limited to the amount unpaid on their shares.

Publicly Traded: PLCs can offer their shares to the public and are listed on a stock exchange. This allows them to raise capital by selling shares to investors.

Minimum Capital Requirement: In many jurisdictions, PLCs are required to have a minimum amount of share capital to ensure financial stability.

Regulatory Requirements: PLCs are subject to extensive regulatory requirements, including financial reporting, disclosure, and corporate governance standards. They must comply with the regulations of the stock exchange(s) where their shares are listed.

Shareholder Democracy: Shareholders of PLCs have voting rights and can participate in important decisions through general meetings. Larger shareholders may have more influence on decision-making.

Corporate Governance: PLCs typically have a board of directors responsible for overseeing the company's management and strategy. They may also have various committees to address specific aspects of corporate governance.

Transparency: Due to their public listing, PLCs are required to maintain transparency in their operations and financial reporting to provide investors and stakeholders with relevant information.

Overall, PLCs play a significant role in the economy as they often represent large, well-established companies with access to capital markets. They provide investors with opportunities for investment and play a crucial role in wealth creation and economic growth.

• Business Activities: A PLC typically engages in various business activities depending on its industry. This could include manufacturing, trading, services, or a combination thereof.
• Market Presence: PLCs often have a broader market presence compared to private limited companies. They may operate at regional, national, or even international levels.
• Corporate Governance: Due to their size and shareholder structure, PLCs often have more complex corporate governance structures. They may have a board of directors, committees, and other governance mechanisms to ensure transparency, accountability, and compliance with regulations.
• Capital Structure: PLCs usually have access to a wider range of financing options compared to private companies. They can raise capital through the issuance of shares in the stock market, debt instruments, or other financial instruments.
• Legal Obligations: PLCs are subject to various legal obligations and regulations imposed by the government or regulatory bodies. This includes compliance with company law, financial reporting requirements, and industry-specific regulations.

Documents Required:

1. PAN Card of the Company: Permanent Account Number (PAN) issued by the Income Tax Department.

2. Certificate of Incorporation: A document issued by the Registrar of Companies (RoC) at the time of company incorporation.

3. Memorandum of Association (MoA) and Articles of Association (AoA): These documents outline the company's objectives, rules, and regulations.

4. Identity and Address Proof of Directors: PAN card, Aadhar card, passport, or driver's license of all directors.

5. Passport-sized Photographs: Recent passport-sized photographs of all directors.

   Details Required:

   1. Business Details:

      • Name of the Company
      • Date of Incorporation
      • Business Type (Public Limited Company)
      • Business Activities or Services Provided

   2. Principal Place of Business:

      • Address of the principal place of business (where business records are maintained)

   3. Additional Places of Business:

      • Addresses of all additional places of business, if any

   4. Goods and Services Offered:

      • Details of all goods or services provided by the company

   5. Turnover Details:

      • Expected turnover of the company for the upcoming financial year

   6. Bank Account Details:

      • Bank account number, IFSC code, and branch details of the company's primary bank