Question

Both public limited company and private limited company require various legal documents for its formation. In relation to it a few documents are given below. Identify which of the following document are applicable to public limited company alone​

Answer 1

Answer:

The documents required for the incorporation of a public limited company is of extreme importance as proper documentation needs to be done first to stay away from any encumbrances. The documents required for incorporating a Public limited company are discussed in this article.

Public Limited Company is a form of company which offers its shares to the general public. It gives limited liability to its owners and shareholders. At least seven shareholders are required to incorporate this form of company. It should at least have three directors. This form of company is very common in countries like the United Kingdom. It is a separate legal entity and has no maximum limit to the number of shareholders it can have. They are thus huge and can raise high share capital. There is a defined procedure when it comes to an incorporation of the company, according to the Companies Act. A certificate of commencement of business is required before starting the company. A minimum paid capital of Five lakhs is required. Certain documents are required for incorporation of Public Limited Company

Explanation: