PUBLIC LIMITED
Our All-Inclusive Package:
- End to End Company Registration
- MOA and AOA
- Opening of Bank Account
- NTN Registration
- Advice on applicable Registration
A Public Limited Company is a form of company whose shares may be freely sold and traded to public as compared to Private Limited Company. Public Limited Company limits the liability of shareholders to the extent of their capital. Minimum three directors can form public limited company. Public Limited Company is ideal when an entrepreneur has a vision to go public for Fund raising. This form of Company can have unlimited members and Minimum of three members. Rules are little strict for a Public Limited Company as compared to Private Limited Company.
A Public Limited Company is required to get their accounts audited every year and file annual returns with FBR and SECP. This form of Company has a perpetual succession. Shareholders may come and go but company continues as separate legal entity.
Advantages of Public Limited Company Registration
Limited Liability: Liability of each shareholder is limited to the extent of Capital, thus personal assets of shareholders are protected
Continuity of Existence: Company continues to exist irrespective of movement of shareholders or even after death of any shareholder.
Separation of Management and Ownership: Management can be run by Professionals and advisors by adding them as Directors without giving ownership rights.
Brand Value: Brand Value of a business gets increased by running business through a Public limited company structure. It gives a feeling of Trust and confidence to Customers, Vendors, Employees and other stakeholders.
PROCESS OF COMPANY REGISTRATION
Application of Directors’ IDs
SECP E-services account creation of all proposed directors are mandatorily required, as all documents for the purpose of company registration is required to be digitally signed by proposed directors.Directors’ National Tax Number (NTN)
NTN is a unique identification number assigned to all existing and proposed directors of a company. It is mandatory for an existing and proposed director to have a NTN.Company Name Approval
We will do an online research about the availability of suggestive names and advice accordingly. After this step we will file Name Approval application to the CRO.Final Incorporation Formalities
After name of approved, We will file all papers related to incorporation along with all supporting documents as mentioned in the check list
Document Checklist
- Scanned CNICs of all proposed directors
- Address of company office
- Copy of Rent Agreement with NOC from owner for using his office as Registered office
WHY SARN
One stop solution for all your needs related to legal and Compliance's
Efficient and effective handling of entire process within defined
We work with our clients as partners and take full ownership end to end of deliverables
We not only advise about what to do but we roll up our sleeves and say let us make it work together.
Provides a wide array of outsourcing services like accounting outsourcing , virtual CFO , payroll services and much more.