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

If you are interested in incorporating a public limited company in Bangladesh, contact Right Solutions today to learn more about our services. We can help you navigate the process smoothly and efficiently, so you can get back to focusing on what you do best: running your business.