Public Limited Company Registration
Our dedicated assigned professionals will help you to understand your model of business Idea and help you to given shape your proposed organisation and help you to incorporate of your Public Limited Company Registration and help you for other registration process. Just provide the documents. We will deliver all legal papers including the company’s current bank account.
Documents Requires For Company Registration
- Photo
- PAN
- Aadhar
- Address Proof
- Proof of Identity
# Proof Of The Company’s Registered Office Address
- Latest electricity OR any other utility bill in the name of the owner
- Rent agreement b/w owner & company promoter
- NOC from Owner (if owner is the company’s promoter)
*For Address Proof: Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill. (Anyone, not older than 2 months).
*For Proof of Identity: Driving License, Voter ID card, Passport (Anyone).
Packages
- Name Approval
- Certificate of Incorporation
- Current Bank Account*
- MOA & AOA
- 3 DIN, PAN & TAN EPF Registration
- (3 Indian Directors, 7 Shareholders and Authorised Capital of Rs. 5,00,000)
- Name Approval
- Certificate of Incorporation
- Current Bank Account*
- MOA & AOA
- 3 DIN, PAN & TAN EPF Registration
- GST Registration
- (3 Indian Directors, 7 Shareholders and Authorised Capital of Rs. 5,00,000)
- Name Approval
- Certificate of Incorporation
- Current Bank Account*
- MOA & AOA
- 3 DIN, PAN & TAN
- ESI/ EPF Registration
- GST Registration
- GST Compliance Services for one financial year validity
- (3 Indian Directors, 7 Shareholders and Authorised Capital of Rs. 5,00,000)
What is a Public Limited Company?
A Public Limited Company is a type of business entity that offers its shares to the public, allowing them to be traded on a stock exchange. It is a form of corporate structure that combines the advantages of limited liability with the ability to raise capital from a large number of shareholders. Here are some key features of a Public Limited Company:
1. Limited Liabilit
Similar to a Private Limited Company, a Public Limited Company offers limited liability to its shareholders. The personal assets of the shareholders are protected, and their liability is restricted to the amount invested in the company.
3. Minimum Capital Requirement
In many jurisdictions, a Public Limited Company is required to have a minimum amount of subscribed and paid-up capital before it can be incorporated. This minimum capital requirement is often higher than that of a Private Limited Company.
5. Board of Directors
Similar to a Private Limited Company, a Public Limited Company is managed by a board of directors elected by the shareholders. The board is responsible for making strategic decisions and overseeing the company’s operations.
7. Prospectus Requirement
When a Public Limited Company issues shares to the public, it is required to prepare and file a prospectus with detailed information about the company, its operations, financials, and the risks associated with investing in its shares. This document is intended to provide potential investors with sufficient information to make informed decisions.
2. Publicly Traded Shares
One of the defining characteristics of a Public Limited Company is that its shares are listed and traded on a stock exchange. This provides liquidity to shareholders, as they can buy and sell shares in the open market.
4. Number of Members
A Public Limited Company typically has a higher minimum number of members (shareholders) compared to a Private Limited Company. The maximum number of members may be unlimited, allowing for widespread public ownership.
6. Regulatory Compliance
Public Limited Companies are subject to more extensive regulatory requirements and disclosure obligations compared to private companies. They must comply with regulations set by the stock exchange where their shares are listed and by the relevant securities regulatory authorities.
8. Annual General Meeting (AGM)
Public Limited Companies are required to hold an Annual General Meeting where shareholders discuss and vote on various matters, including the approval of financial statements, appointment of auditors, and other significant corporate decisions.
Public Limited Companies are often chosen by larger businesses that require substantial capital for expansion and development. The decision to go public involves careful consideration of regulatory requirements, transparency, and the company’s readiness for public scrutiny.
It’s essential to consult with a professional or legal advisor to ensure compliance with all the regulatory requirements and to understand the specific details related to your business.
Public limited company incorporation process
The process of incorporating a Public Limited Company in India involves several steps and compliance with the regulations outlined by the Ministry of Corporate Affairs (MCA). Here is a general overview of the incorporation process:
1. Obtain Digital Signature Certificates (DSC)
The first step is to obtain Digital Signature Certificates (DSC) for the proposed directors of the company. The DSC is used for digitally signing the incorporation documents.
3. Drafting Memorandum and Articles of Association (MOA and AOA)
Draft the Memorandum of Association (MOA) and Articles of Association (AOA) outlining the company’s objectives, rules, and regulations. These documents define the scope of the company’s activities and its internal governance structure.
5. e-MoA (INC-33) and e-AoA (INC-34)
Attach the electronic versions of the MOA and AOA, known as e-MoA and e-AoA, respectively, along with the SPICe form.
7. Verification and Approval
The MCA will verify the documents and, if everything is in order, issue the Certificate of Incorporation. The Certificate of Incorporation signifies the legal existence of the Public Limited Company.
9. Issue of Certificate of Commencement of Business (if applicable)
The MCA will verify the documents and, if everything is in order, issue the Certificate of Incorporation. The Certificate of Incorporation signifies the legal existence of the Public Limited Company.
2. Name Reservation
Choose a unique name for the Public Limited Company and check its availability using the RUN (Reserve Unique Name) service on the MCA portal. Once the name is approved, it is reserved for 20 days.
4. Filing SPICe (INC-32) Form
File the integrated incorporation form SPICe (Simplified Proforma for Incorporating Company Electronically) with the MCA. This form includes details such as the company’s registered office, directors, subscribers, and the initial capital structure.
6. Payment of Fees
Pay the prescribed fees for the incorporation process. The fee amount depends on the authorized capital of the company.
8. Obtain PAN and TAN
After receiving the Certificate of Incorporation, apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) with the respective authorities.
10. Post-Incorporation Compliance
Fulfill post-incorporation compliance requirements, including appointing auditors, conducting the first board meeting, and filing various forms with the MCA within the stipulated timeframes.
It’s important to note that the specific forms and requirements may be subject to updates, and it’s advisable to refer to the latest guidelines from the Ministry of Corporate Affairs or consult with our dedicated professional, such as a chartered accountant or company secretary, to ensure compliance with all legal requirements. The entire process is typically facilitated through the online portal of the MCA.
Frequently Asked Questions
When it is required to form a Public Ltd Company?
When you need funding directly from public or want public to invest in your business or if you are planning to bring IPO of your company
How many people are required to incorporate a public limited company?
Minimum 7 members are required to incorporate a public limited company. There is no bar at the maximum number of members in a public limited company.
Who can be a director of a company?
Any person who attends the age of 18 can be director of the company
Is there any address proof required/mandatory for public ltd company?
Yes to incorporate your company latest utility bill along with NOC from property owner in favor of company is required
How many shareholders can be there in a public limited company?
Minimum 3 shareholders are required to incorporate a public limited company and There is no limit on a maximum number of shareholders.
How many directors can be there in public ltd company?
Minimum 3 Maximum 15 directors can manage the show of a company
What is a DSC?
DSC stands for Digital Signature Certificate. It is basically a pen drive containing your signature in a digital form and is password protected.It is mandatorily required to sign the various incorporation applications by directors and shareholders digitally. It is only issued by government authorized agencies.
What are MOA and AOA?
MOA and AOA are charter documents of the company. It defines the business objectives and rules & regulations of the company. It is drafted by our professionals and delivers to you along with Certificate of incorporation
