The Public limited company is the company which is incorporated or registered under the Companies Act, 2013. A public company is defined as a company which is not a private company. Public Limited Company can be Listed on Stock Exchange, the shares of a Public limited company are issued to the public. These shares are then freely traded.
WHY CHOOSE PUBLIC LIMITED COMPANY FOR REGISTRATION
WHAT IS PUBLIC LIMITED COMPANIES
A public company is defined as a company which is not a private company. In Public limited company, there should be a minimum paid up capital of Rupees 5 Lakhs, minimum 3 Directors and a minimum number of shareholders should be 7. Public Limited Company is also called as publicly held company. It can be listed on stock exchange
ADVANTAGES
1. Application of DSC & DIN
All the prospective directors have to apply for Digital signature and DIN. Digital signature is an online signature used for filing and DIN refer to Directors Identification number issued by MCA. If the directors already have DSC and DIN, then this step can be skipped.
2. Name approval
Up to 4 name options can be given in 1 RUN (Reserve Unique Name) name approval request.
Provide maximum 4 names in order of priority for your company name for approval of MCA of which one will be selected. Names provided should ideally be unique and suggestive of company business. Once the name is confirmed, then it is valid for the 60 days.
3. Company Registration Form & MOA & AOA Submission
Once name is approved, one need to get the Memorandum & Articles of Association approved. Here are all the other documents required in order:
these ready, you can submit the company registration form.
4. Get incorporation certificate
Once MOA and AOA are approved, company incorporation certificate is issued by MCA on submission of all the above-mentioned documents to the ROC. On arrival of the company incorporation certificate, your company is registered and then we need to file the documents to obtain certificate of commencement. Incorporation certification is a proof that company has been created. It also includes your CIN number.
5. Apply for PAN, TAN and Bank account
The moment company is incorporated, application for PAN & TAN needs to be made with NSDL. Then you need to apply for PAN and TAN. Post this, for opening of bank account submit the Incorporation certificate, Commencement certificate, MOA, AOA and PAN along with resolution with a bank to open your bank account.
Company Registration package includes
Our composite package price
Our composite package price for public limited company registration from Rs.4999/- + Government and other statutory fees as per norms.
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms
No. there is no limitation for the maximum number of shareholders in Public Limited Company as compared to Private Limited Company. But the minimum number of shareholder should be 7(seven).
You need to incorporate the Company with a minimum capital of Rs. 500,000/-. It doesn’t mean that you have to deposit that amount in Bank Account. You can also invest that amount in pre-incorporation expenses or purchase Assets for the business.
For Public Limited Company incorporation, you require minimum 3 (three) Directors. And the maximum limit of Director is 15.
Yes, an NRI or Foreign National can also be a shareholder or director in a public limited company of India.
Yes, you can convert your Public Limited Company into Private Limited Company. Only you require to complete the requirement of law.
No, it’s not necessary to purchase a place for the office, you can show your resident house also as an office.
The DSC is an instrument issued by certifying authorities (TCS and n-Code are two of them) by which you can sign electronic documents. As all documents needed are electronic, partners need a DSC.
