What is a Public Limited Company? A joint-stock company which is governed under the Indian companies act 2013, is a public limited company. In Public limited company, there is no restriction on a number of members but the number of members should depend on the association of persons with a minimum capital of 5 lakh rupees. It is the type of company whose securities are traded on the stock exchange. These companies need to the public their whole information correctly as they are required by the law.
A company is a separate legal entity and represents association of people with a specific objective. A company registration is easy but there are a number of compliances which are compulsory to follow. The compliances vary for different types of company. This article will deal with the checklist of compliance requirements needed for a: (1)Private company (2)Listed Public company (3)Unlisted Public company
A company is a form of business organization that has been created legally. Company forms of businesses have become immensely popular over the years. Companies can be classified on the basis of liabilities, members and on the basis of control.
Micro small medium enterprise in India have risen as a solid and dynamic monetary area in the course of the most recent few decades. Because of lower capital ventures, they are arrangement in rustic or in reverse, and this advances industrialization of non-urban India, while giving work chances to individuals in such territories. MSMED Act in 2006 expressed the need to address strategy issues influencing micro small medium enterprise. The Act tends to the inclusion and speculation roof of this part, and furthermore tries to encourage the advancement of these ventures with help to upgrade their intensity.
The Companies Act 2013 provides various types of companies, one of them being Section 8 Company. The Section 8 companies are those companies that have charitable objectives for social welfare and do not intend to gain profit or dividend. This company is a legal entity that is recognized as a non-governmental or non-profit organization and its objective is to promote commerce, education, art, science, sports, protection of human rights, protection of the environment, and such other objective. These companies have several benefits like Tax exemptions, Zero stamp duty, easy transferring ownership from one person to another, minimal share capital, a different legal entity from others, and many more.