THINGS TO KNOW BEFORE YOU REGISTER- PUBLIC LIMITED COMPANY REGISTRATION
The Public Limited Company is a wider form of the limited company, which has no restriction on the maximum number of shareholders, listing its shares in the stock market, transfer of shares, and raising funds from public and accepting public deposits; For setting up a public limited company anywhere in India, there is requirement of minimum Seven Shareholders and Three Directors; the directors can also be shareholders.
A public limited company is a company that offers shares to general public and has limited liability. Any can acquire its stock either privately through IPO( initial public offering) or via trades on stock market. A public limited company required to publish its true financial position to its shareholders and is strictly regulated. For setting up a public limited company anywhere in India, there is minimum requirement of seven shareholders and three directors and the directors can also be shareholders.
Our Packages for Public Limited Company
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Procedure to Public Limited Company
Step - 1 : Name reservation:-The first step in incorporation is to reserve/approve the name of company.
Step - 2 :Digital Signature Certificate (DSC) of Director-DSC is required to be taken for the directors and shareholder of the company, who is required to sign the e-form for registration before filing incorporation application for the company.
Step - 3 : Obtain Director Identification Number (DIN)-DIN is a unique identification number to the director issued by Registrar of the companies (ROC) for becoming a director in India.
Step - 4 : Approval of other authorities-
Step - 5 : Document submission-Application for registration/incorporation of public limited company is made to Registrar of Companies (ROC) along Memorandum and Article of Associations, declaration, affidavits etc.
Step - 6 : Certificate of Incorporation-if ROC finds the documents are in order, issues Certificate of Incorporation which is the Registration certificate of public limited company.
Step - 7 : PAN & TAN of the company-PAN and TAN are simultaneously applied alongwith company registration forms and are issued along with Certificate
Step - 8 :Opening of Bank Account-On submission of Certificate of Incorporation & other essential documents, bank open a current account in name of company
Most frequent questions and answers
For setting up a public limited company anywhere in India, there are required a minimum of Seven Shareholders and Three Directors; the directors can also be shareholders. The requirement of the minimum paid-up share capital worth INR 5 Lac, has been removed by the Companies (Amendment) Act, 2015.
As a public limited company deals with public money, it has to make rather heavy compliances strictly, which are bulkier than those performed by a private limited company. Apart from the regular compliances related with income tax, there are many periodic and annual compliances to be made by a public limited company with ROC/MCA, SEBI, RBI, etc. These regulatory liabilities are in addition to securing and promoting steadily the profits and welfare of all shareholders of the public limited company.
Yes, an NRI or Foreign National can also be a shareholder or director in a public limited company of India. For becoming a director, besides the basic requirement of being a sensible adult, such a person must possess the DIN issued by MCA.
There is no restriction of maximum numbers of shareholders in a public limited company.
Yes, There is no need to have a commercial space for registering a company in India.
Yes, its is a very easy process if the new address is within same city, the change can be made within hours.