Public limited companies (PLC) existing in their own right way. This means the company's finances are separate from the personal finances of its members.How to set-up a public limited company PLCs must:
The Promoters of a company may be individual entrepreneurs or body corporate engaged in efforts to incorporate a company. It is depending upon, the purposes for which the company is to be incorporated, proposed scale of operations, capital involved, etc. The promoters can select the type of the company as they wish to form themselves into a viz. private company, a public company, a non-profit making company, etc.
Drafting of the MOA and AOA is generally a step after the availability of names made by the Registrar. These two documents are the charter and internal rules and regulations of the companies. Therefore, they must be drafted with utmost care with the expert advice and the other object clause should be drafted in a very broader sense.
A company that does not have a share capital or a private Ltd company is allowed to commence its business activities on the date of its incorporation. However, a company which has share capital or a public company should take a certificate of commencement before the business can be started
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