Public Limited Company should be the preferred choice of business in India if you are planning to raise funds from the general public through Initial Public Offering (“IPO”) because public limited companies have got privileged under Securities Laws to access capital market. Public Limited Companies in India are considered to be a more transparent business model as compared to other business structures.
It gives investors a choice of transferring their ownership in the company without any hassle by just selling the shares.
Public Limited Companies in India are a destination point for Foreign Direct Investment (“FDI”), because, under Foreign Exchange Laws, there are the areas open for public limited companies to attract foreign loans and equity participation.
A Public Limited Companies have following features:
1-Copy of PAN Card of directors
2-Passport size photograph of directors
3-Copy of Aadhaar Card/ Voter identity card
4-Copy of Rent agreement (If rented)
5-Electricity/ Water bill (Office)
6-Copy of Property papers (If owned property)