Public Limited Company is company which is always opt for where a huge investment is desired from public. Public company can go for the listing of its share at stock market as it has no limit on its number of shareholder and can fetch from public through IPO.
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What is a public limited company?
Public limited company is the largest form of business in India. A public limited company can be listed on stock exchanges and can thus invite funds from public. Also, there is no restriction as to the maximum no. Of shareholders in a public limited company.
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Once your Company is Incorporated. Incorporation Certificate will be issued
How many persons are required to incorporate a public limited company?
A public limited company is required to have minimum 7sharehodlers.
What are the documents required to start a partnership firm?
ID proof, Residence proof and PAN card of all the partners along with a Partnership deed signed by all the partners.
What are the advantages of a registered partnership firm?
Only a registered Partnership firm can file a suit in any court against the firm or other partners for the enforcement of any right arising from a contract or right conferred by the Partnership Act. A Registered Partnership firm can claim a set off or other proceedings in a dispute with a third party.
What is a partnership deed?
A partnership deed is a written agreement entered into by all the partners of the firm which specifies the terms under which partnership is to be carried on.
Is audit required for partnership?
Tax audit under Income Tax Act is required for only few assessees.
What are the requirements to be a partner in partnership firm?
A partner must be an Indian citizen and resident of India.
What is the capital required to start a partnership?
There is no minimum capital required to start a partnership firm. A partnership firm can be started with any amount of capital.
How to open a bank account for partnership?
To open a bank account for a Partnership firm, a registered Partnership deed along with identity and address proof of the Partners should be provided.
How can I transfer my partnership?
A partner cannot transfer his interest in partnership to an outsider without the consent of all other partners.
Can a proprietorship be converted into LLP/Company?
Yes. A sole proprietorship concern can be converted into LLP or Company by following procedures laid down in respective Acts.