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- PVT to Public Ltd
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1. PAN Cards of Directors and Shareholders
2. A valid passport is proof for foreign nationals
3. Passport/ Driving License/ Voter ID of Directors and shareholders
4. Address proof of all the directors or shareholders (Telephone Bill, electricity bill, Latest Bank Account Address, etc.)
5. Latest passport size Photo of all shareholders and directors
6. Business address proof: electricity bill, telephone bill, rent agreement of the certified office of the company
7. No objection certificate from the landlord, if it is a rented office
8. Income tax Return filling document for the previous financial year
9. Documents of directors must be notarized if it is a matter of Foreign National or NRIs
10. The attested copy of the latest audited Financial Statement of the company
The shareholders of a public limited company can transfer their shares to another party very easily and smoothly. They only need to fill out the share transfer form and hand over the share transfer certificate to the buyers.
The main and fundamental benefit of a public limited company is selling shares and raising funds for spreading and expanding the company and its project or new branches. However, to avail of the facility, the companies must enlist their names to the stock exchange. All public limited companies have the facility to issue fixed deposits, debentures, and convertible debentures to the public.
Public limited companies have to inform all structural changes and disclose the audit report of accounts to the annual general meeting. This compliance brings immense reliability to the public limited company. This also grabs the attention of people and spreads brand identity.
The liability of a private limited company converts to a public limited company. So, as per the rule, the liability will also be modified.
The shares of a public limited company can easily and freely be transferred to another person/ share buyer by following the SEBI Act and Companies Act 2013.
According to the rules of section 76 of the Companies Act 2013, a Public Limited Company can accept fund deposits from the public.
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We will draft the authorization letter (Form-48)
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