The Public Limited Company is a well-established and renowned method of conducting business, deeply rooted in tradition. It represents a voluntary union of members who come together under a legal umbrella, bestowing upon them an independent legal identity while also limiting their individual liabilities. Public Limited Companies hold a distinct prominence by virtue of being listed on stock exchanges, enabling the public trading of their shares. To initiate the registration of a Public Limited Company, specific documentation is imperative:
In conclusion, the Public Limited Company is an esteemed and time-honored approach to conducting business. Its distinct legal entity, coupled with limited liability for members, forms its foundation.
The primary purpose of a Section 8 company is to foster and advance activities encompassing commerce, arts, sciences, education, research, sports, charitable endeavors, social welfare, religious pursuits, environmental preservation, and similar noble objectives. Its mission involves dedicating all profits, income, or earnings to the promotion of these objectives, ensuring that no dividends or income are distributed to its members.