PUBLIC LIMITED COMPANY REGISTRATION

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PUBLIC LIMITED COMPANY REGISTRATION

Public Limited Company Registration

Public Limited Company is the company which offers shares to the general public or we can say that shares of public company are traded on stock exchange in India. Public Company is highly regulated by Ministry of corporate affairs and Stock exchange board of India (SEBI) as well. Public Limited Company can have minimum 3 directors but up to maximum 15 directors which can also be extended by passing special resolution. Minimum number of shareholders in public limited company is 7 but there is no limit on maximum number of members.

Why Choose Public Limited Company?

Public Company can list its shares on stock exchange.
Public company can raise more funds/ capital from general public.
Shareholders can easily transfer their shares.
Limited Liability Protection
More growth and business expansion opportunities

How we work

1. Complete our simple questionnaire Form
Click HERE. You are required to fill all your details in questionnaire form.
2. Get a Call from us
Our Authorized Representative will get in touch with you and explain the full process.
3. Submission of Documents
You need to submit the relevant documents (list provided by us).
4. Digital Signature
Apply for Digital Signature (DSC) and Director Identification Number (DIN)
5. Name Approval
After obtaining DSC and DIN, Apply for Public Company Name approval and verification
6. Drafting and filing of documents
Drafting and filing of documents (MOA and AOA etc.) for incorporation with ROC and also apply for PAN and TAN
7. Congratulations
After incorporation of company, we will provide you Certificate of Incorporation and Digital Signatures along with PAN and TAN

Frequently Asked Questions

What are the minimum Requirements for Public Limited Company?

Must have minimum 3 directors.
Must have minimum 7 shareholders.
At least one director must be resident of India.
Minimum Rs. 5 Lakh share capital required.
Unique Name of the Company.
Digital signatures and DINs for all the directors.

Note: As per Companies Amendment Act 2015, there is no minimum requirement of paid-up capital of the company. Therefore minimum requirement of Rs. 5 lakh has been removed and now company can be registered with even Rs. 1000 as capital.

Factors to be considered while choosing a Company Name?

Name should not be offensive or illegal.
Must contain the word “Limited” at the end of the name.
Should not be similar or identical to an existing company, business or trademark.
Name of the company should be suggestive about the business.

Some other guidelines for picking up a name of the company are also issued by MCA.

Difference between authorized share capital and paid up share capital?

Authorized share capital is the maximum amount of capital which can be raised by the company in aggregate but paid up share capital is the amount which has been raised by the company in form of shares.

What is Memorandum of Association (MOA), Article of Association (AOA) and prospectus?

MOA of the company is a legal document which contains all the fundamental objectives, aims and scope of powers of the company. AOA of the company describes all the rules and procedures to regulate the internal affairs of the company. Prospectus is the legal document issued by company for offering public issue of shares. It is issued for raising the funds from general public.

What are the annual compliance requirements for Public Limited Company?

The company is required to fulfill the below requirement annually irrespective of the fact whether the company has started its operations or not-

Minimum 4 Board Meetings and 1 annual general meeting as prescribed by Companies Act 2013
Maintain Proper Books of Accounts
Appointment of Auditor
Statutory Audit by a practicing chartered accountant
Income Tax Return
Annual Filings (Form AOC-4 for Financial Statement and Form MGT-7 for Annual Return) to Registrar of Companies.
DIN KYC procedure for all the directors every year
Other prescribed statutory compliances under Companies Act, 2013 and SEBI Act, 1992.

PUBLIC LIMITED COMPANY REGISTRATION