It offers limited liability protection to its shareholders, which means personal assets are not at risk in case of business losses. PLCs also enjoy benefits like ease of raising capital, perpetual succession, and more credibility in the eyes of customers and investors. The registration process involves incorporating the company with a minimum of two directors and shareholders.

Documents Required:

• PAN Card: PAN of all directors and shareholders.
• Identity Proof: Aadhaar card, passport, voter ID, or driving license of directors and shareholders.
• Address Proof: Recent utility bill, bank statement, or government-issued address proof of directors and shareholders.
• Registered Office Address Proof: Rent agreement and NOC from the owner, or property ownership documents.
• Photographs: Passport-sized photographs of all directors.
• Digital Signature Certificate (DSC): Required for directors for signing electronic documents.
• Director Identification Number (DIN): DIN for all directors.
• Memorandum of Association (MOA) and Articles of Association (AOA): Draft documents outlining the company’s objectives and internal regulations.