Group items tagged

A public limited company is a company which is authorized to sell its shares to the public in order to raise funds for commercial use. All public limited companies name ends with "PLC". It is not mandatory for a public limited company to sell its shares to the public as their shares are generally listed on either London stock exchange or alternative investment market. Public limited company is considered more prestigious than a private limited company as it is rarely formed and strictly regulated.Register your Public limited company with Finacbooks and improve your business profile.

There is no condition to start the business immediately after incorporation of Company; hence you can incorporate the company for future course of business as Private Limited Company or Public Limited Company. Further for this kind of situation there is a concept under section 455 of the Companies Act, 2013 called "Dormant Company". A dormant company is a company that has been registered under the Companies Act but is not carrying out any "significant accounting transaction." As per Companies Act 2013, a company that has been formed and registered under the Act, a) For a future project or to hold an asset or intellectual property and, b) Has no significant accounting transaction, is permitted to make an application to the Registrar to obtain the status of a dormant company. For being well compliant after incorporation Annual return of the Dormant Company in Form MSC-3 shall be filed within 30 days of the end of the financial year. Further the dormant companies can enjoy status as Dormant companies for maximum consecutive 5 years. You may visit us at http://www.legalwiz.in/private-l... for product details and get in touch with CA/CS for free consultation on 1800 313 4151 or through mail at support@legalwiz.in