A public limited company's shareholders are actually its owners, but they vote for and choose a board of directors who act on their behalf to manage and control the company.

The corporation can prepare the MoA and AoA once the ROC has approved the name.

Within 20 to 25 working days, you can change your private limited company to a public one, but professional advice is recommended. The delivery of required documents has a significant impact on the conversion process' turnaround time.

No, a name change application cannot be made for company records.

Yes, following conversion, the suffix "Private Limited" needs to be changed to "Limited."

Yes, the suffix “Private Limited” will be replaced with “Limited”."

There are limited ways, such as- A director’s salary, Issuing dividend payments from available profits, Taking money out of a limited company, as a director’s loan, claiming expenses for business-related items

Subsequently the Public limited company deals with the public’s money, it requires taking procedures which increase the statutory compliance on its part. The regulatory obligations are not limited to the income tax but with ROC/MCA, SEBI, RBI, etc.

A limited liability company is a very tax-efficient business structure because limited companies pay corporation tax on their profits, of a flat rate of 19%.