Register Public Limited Company

Register Public Limited Company

    About Service
A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors this is benificial in raising capital. A minimum of three Directors are required for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company. Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.
 Timeline: 15-20 Working days
 Package Inclusions
  • DSC
  • DIN
  • Company Name Approval
  • Representation before RoC on behalf of Promoters
  • MoA
  • AoA
  • Filing of Forms
  • PAN Application
  • TAN Application
  • Certificate of Incorporation
 Documents Required
  • PAN card- All Directors
  • ID Proof(Aadhar card/DL/Voter ID)- All Directors
  • Permanent address Proof(Bank Passbook-front page/Latest utility bill)- All Directors
  • Address Proof of proposed Registered Office of company
    a) If taken on rent then rent agreement with utility bill
    b) If not taken on rent or owned by any other entity then NOC signed by owner
    c) If owned by Director then sale deed with electricity bill
  • Passport size photograph-All directors
  • Main objects of proposed company in detail
  • Six names of proposed company as per preference
  • Significance of names of proposed company
  • Shareholding proportion
  • Signed subscribers sheet (Format will be provided by us.)
 Process Details
  • Obtaining DSC & DIN
  • Application for Name Availability
  • Representation before RoC on behalf of Promoters
  • Creating and filing of documents with RoC
  • Filing application for PAN & TAN
 Key Advantages
  • Limited Liability- Shareholders are legally responsible for the debts of the company only to the extent of the nominal value of their share
  • Perpetual Succession- The business has separate legal entity and there is continuity even if any of the shareholders die
  • Investment Friendly- These businesses can raise large capital sum as there is no limit to the number of shareholders
  • More Liquidity- The shares of the business are freely transferable providing more liquidity to its shareholders
 FAQs
  1. What is a Public Limited Company?
    A Public Limited Company is a Company which is limited by shared and has no restrictions on the maximum numbers of shareholders. It can be formed with minimum of seven members and three Directors. It should be registered with the Registrar of Companies of the particular State under the Companies Act, 1956. Such type of Company can offer its shares to the Public, accept deposits from it and there is no restriction on transference of shares.However, minimum share capital requirement for such a Company is Rs.50,000.
  2. Documents for Public Limited Company?
    Identity proofs and address proofs of all proposed Directors are required for registration of a Public Limited Company. For Indian nationals, PAN Card is mandatory. In addition to this, a No Objection Certificate (NOC) should be obtained from the landlord of the registered office address for having company's office registered in his or her premises. The identity and address proofs of the landlord are also required.
  3. What is the Maximum number of Shareholders in Public ltd. Company?
    There is no restriction of maximum numbers of Shareholders in a Public Limited Company.
  4. What is digital signature certificate?
    A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates DSC for Directors of the company.
  5. Which documents can be considered as address proof of the registered office of the company?
    If the property is taken on rent then, the rent agreement with utility bill will suffice for address proof. If theproperty is not on rent or it is owned by any other entity then, NOC signed by owner will suffice. And, in case the property is owned by Director then sale deed with electricity bill.
  6. What are the minimum and maximum number of members in a public limited company?
    In a public limited company, the minimum number of members is seven and there is no limit to maximum number.

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