Public Ltd Company Registration
₹ 15,000/- (inclusive all)
- 7 Digital Signature Certificates
- 3 Director Identification Numbers
- 1 Name Approval Application under RUN
- Stamp duty on INR 5 Lakh Authorized Capital
- Company Incorporation using SPICe
- MOA & AOA
- PAN
- TAN
₹ 20,000/- (inclusive all)
- 7 Digital Signature Certificates
- 3 Director Identification Numbers
- 1 Name Approval Application under RUN
- Stamp duty on INR 5 Lakh Authorized Capital
- Company Incorporation using SPICe
- MOA & AOA
- PAN
- TAN
- MSME
- GST Registration
- First 3 Month GST Return
What is Public ltd Company?
A public company is a corporation whose ownership is distributed amongst general public shareholders via the free trade of shares of stock on exchanges or over-the-counter markets. Although a small percentage of shares are initially floated to the public, daily trading in the market determines the value of the entire company.
It is considered to be “public” since shareholders, who become equity owners of the company, may be composed of anybody who purchases stock in the firm.
Advantages of Pvt Ltd Company
Documents Requirements
PAN Card
PAN Card of shareholders and Directors.
Foreign nationals must provide a valid passport.
- Identity Proof
Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.
Director’s Address Proof
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
Photograph
Latest Passport size photograph of Shareholders and Directors.
Business Address Proof
Latest Electricity Bill/ Telephone Bill of the registered office address
NOC from owner
No Objection Certificate to be obtained from the owner(s) of registered office.
Rent Agreement
Rent Agreement of the registered office should be provided if any
Procedure
Frequently Asked Questions
There is no minimum capital requirement for public limited company incorporation in India. Earlier, it was 5 lakh, however to provide ease of doing business in India, the requirement of minimum capital for Public company is withdrawn.
A Public Limited Company must have a minimum of three Directors and seven shareholders.
The difference between listed company and public company is very simple. A public company when go to public to raise capital, it had to get registered with stock exchange and once it is registered, then it is also known as listed company.
Public limited companies is the only class of company which is allowed to raise funds from the general public. The process of listing a company and raising the funds from public by making offer is known as Initial Public Offer (IPO). IPO is the process through which shares are offered by the companies to raise funds.
There are various statutory compliances prescribed for Public Limited Company in India. Here are glimpse of some of the compliances:
- Have to conduct atleast 4 board meeting during the year.
- Have to file AGM every year and do the respective filing like MGT 7, AOC 4 etc.
- Have to go through an yearly mandatory audit to be done by a Practicing Chartered Accountant.
- Need to keep record of register of Members, Minutes book etc.
Practically, public limited company is formed only when someone is planning big like setting up manufacturing plant, opening IT infrastructure etc. Generally, people prefer private Limited Company and public limited company is least preferred. However, if you are serious and planning big, the public limited company is chosen.
Some of the example of Public Limited company are Reliance Communications Limited, TATA Steel Limited etc.
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