Public Company
a. Public Company limited by shares
A public company limited by shares is a locally incorporated company where the number of shareholders can be more than 50. The company may raise capital by offering shares and debentures to the public. A public company must register a prospectus with the Monetary Authority of Singapore before making any public offer of shares and debentures.
b. Public Company limited by guarantee
The liability of members is limited to such amount as they undertake to contribute to the assets on winding-up. That amount is specified in its memorandum of association, which forms part of a company's constitution. If the company is wound-up, each person who is a member at that time or has been a member within one year of winding up may be required to contribute up to the amount of his guarantee towards payment of the debts incurred while he was a member. Past members are liable only if the present members default. Such companies are invariably non-profit-making concerns. They include professional bodies, trade societies, clubs etc.
If you wish to proceed to order for the above business entity, please call our Business Advisory Team at (+65) 64388887, who can assist with the Singapore company setup including the opening of your corporate bank account. Clients are invited to either visit our office (click here to see the location map). You may also email you’re enquires at: info@rikvin.com
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