India Public Limited Company

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.