Public Limited Company:
Public Limited Companies are companies whose shares are traded in stock market or issues fixed deposits. The Public limited company in India is a voluntary association of members which has a separate legal existence and the liability of whose members is limited. A Public Limited Company can either be an unlisted Company or listed Company on the Stock Exchange. Public Limited company also enjoys wide options to raise funds through bank loans, the general public, and Institutional investors.
Private Limited Company:
A Private Limited Company is that type of company that offers Limited Liability or legal Protection to its shareholders. Private Limited Company in India lies somewhere in between a partnership firm and a widely owned public company. It can be registered with minimum two people. A person can be both a director and shareholder in a Private Limited Company.
Prerequisites of Conversion of Public Limited Company to Private Limited Company:
- No. of Shareholders – 2 (Individuals / Companies / LLP’s)
- No. of Directors – 2 (Only Individuals)
- Authorised Capital – No Minimum Requirements
- Paid Up Capital – No Minimum Requirements
Why Ebizfiling as your service provider for Conversion of Public Limited Company to Private Limited Company?
EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory and management consultancy services to clients in India and abroad. Incorporating a Private Limited Company is easy, seamless, cheapest and quickest with EbizFiling.com! Apart from a Private Limited Company, EbizFiling.com also helps entrepreneurs with Public Limited Company Registration, Partnership Registration, HUF, LLP Incorporation and One Person Company registration easily. You may get in touch with us for free advisory on all the services.