Public Limited Company Incorporation
A Public Limited Company is a corporate structure designed for larger-scale enterprises that intend to raise capital from the general public. Under the Companies Act 1994, this entity offers a distinct legal identity and the ability to scale significantly through public equity.
Legal Framework & Requirements
As per the regulations in Bangladesh, a Public Limited Company must adhere to the following:
- Minimum Membership: A minimum of 7 (seven) members is required to form the company.
- Public Subscription: Unlike a Private Limited Company, a Public Limited Company is permitted to invite the public to subscribe to its shares or debentures.
- Stock Exchange Listing: To issue shares to the public, the company must register and list with the stock exchange (DSE/CSE).
- Commencement of Business: A Public Limited Company must obtain a Certificate of Commencement of Business from the RJSC before it can begin its formal operations.
Our Comprehensive Services
Pioneer BizCare provides end-to-end legal and regulatory support to transition your business into a Public Limited entity. Our services include:
1. Pre-Incorporation & Registration
- Name Clearance: Facilitating the application and approval of the proposed company name through the RJSC.
- Constitutional Drafting: Expert drafting of the Memorandum of Association (MoA) and Articles of Association (AoA) specifically tailored for public structures.
- Board Resolutions: Preparing the formal Directors’ resolutions required to initiate the incorporation process in Bangladesh.
2. Statutory RJSC Filings
We manage the preparation and submission of all mandatory statutory documentation:
- Form I: Declaration on the registration of the Company.
- Form VI: Notice of the situation of the registered office.
- Form IX: Consent of directors to act in their capacity.
- Form X: List of persons consenting to be directors.
- Form XII: Particulars of the directors, manager, and managing agents.
3. Regulatory Licensing & Tax Setup
Once incorporation is finalized, we ensure your company is fully compliant with local authorities:
- Trade License: Obtaining the operational license for a Public Limited entity from the relevant local government body.
- Tax Identification Number (e-TIN): Securing the official Taxpayer’s Identification Number.
- VAT Registration (e-BIN): Facilitating the Business Identification Number required for VAT compliance and international trade.
Expert Advisory for Public Entities
Establishing a Public Limited Company involves rigorous compliance and transparency standards. Our legal team acts as your strategic partner, ensuring that your corporate governance framework meets the high expectations of both regulators and future shareholders.
