Public Limited Company (PLC) Formation in Bangladesh
A Public Limited Company (PLC) is a business entity that is owned by shareholders and traded on a stock exchange. PLCs are the largest and most complex type of business entity in Bangladesh, and they offer a number of advantages, such as the ability to raise large amounts of capital and the potential for high returns for investors.
Advantages of Public Limited Company
- Limited liability
- Separate legal entity status
- Easy to transfer ownership
- Perpetual succession
- Can raise large amounts of capital from investors
- Credibility
Disadvantages of Public Limited Company
- Most complex and expensive form of business entity to set up and maintain
- Minimum paid-up capital requirement of Tk. 5 crore
- Publicly traded companies are subject to strict financial reporting and disclosure requirements
Required Documents for Opening a Public Limited Company
- Memorandum of Association (MOA)
- Articles of Association (AOA)
- Form I: Declaration of Compliance
- Form II: Return of Particulars of Company
- Form III: Notice of Situation of Registered Office
- Form IV: Appointment of Director and Secretary
- Form V: Consent to Act as Director
- Form VI: Particulars of Directors
- Form VII: Particulars of Secretary
- Form IX: Declaration by First Secretary
- Form X: Notice of Appointment of Auditor
- Consent to Act as Auditor
- Bank Solvency Certificate of the Directors
- TIN Certificate of the Directors
- Letter of Intent from a Stock Exchange
- Credit Report of the Directors
Additional Services Offered by Right Solutions
- Advice on the establishment and operation of a public limited company
- Preparation of all necessary public limited company incorporation documents
- Submission of public limited company incorporation documents to the Registrar of Joint Stock Companies and Firms (RJSC&F)
- Follow-up with the RJSC&F to ensure that the public limited company is incorporated promptly
- Assistance with other aspects of public limited company establishment, such as bank account opening, tax registration, and listing on a stock exchange