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 |
|
|
PLC |
|
Yes |
|
No |
|
Yes |
|
Share capital or equivalent |
|
|
Indian Rupee |
|
Any |
|
$1650 |
|
Directors |
|
|
1 |
|
Yes |
|
Yes |
|
Anywhere |
|
Yes |
|
Members |
|
|
1 |
|
No |
|
Yes |
|
Anywhere |
|
Company Secretary |
|
|
Yes |
|
Yes |
|
Accounts |
|
|
Yes |
|
Yes |
|
Yes |
|
Yes |
|
Other |
|
|
Yes |
|
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.