India Public Limited Company

A Public Limited Company in India is a corporation whose assets are wholly liable for the company‘s liabilities. Its shareholders are accordingly only liable to the extent of their respective contributions. A PLC may be formed for the carrying on of commercial or non-commercial purposes and may take any form. It is formed through the recording of its articles of association by a notary and their subsequent publication in the Official Bulletin.

 

Key Features of India Public Limited Company

India Public Limited Company

Corporate Details

General

  • Type of Entity

PLC

  • Registered Office in India

Yes

  • Registered Agent

No

  • Access to Double Taxation Treaties

Yes

Share capital or equivalent

  • Standard currency

Indian Rupee

  • Permitted currencies

Any

  • Minimum paid up

$1650

Directors

  • Minimum number

1

  • Local required

Yes

  • Publicly accessible records

Yes

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Members

  • Minimum number

1

  • Publicly accessible records

No

  • Corporate shareholder allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified

Yes

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

Yes

  • Requirements to file accounts

Yes

  • Publicly accessible accounts

Yes

Other

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

No

 

Tax treatment

Corporate Tax for Indian Public Limited Company is 34%.

 

Duration for set up the company

Two months.      

 

 Advantages of India Public Limited Company

  • Easy setup and recommended to Growing Startups.
  • Limited Liability for members.
  • More credibility as compared to others
  • Easily to raise funds from Investors

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.