Description

Public Ltd Company Registration

Basic Offer

₹ 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

Combo Offer

₹ 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

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

Day 1 – 2

  • Review of documents and information provided
  • Application for Digital Signature Certificate

Day 3 – 6

  • Checking Name availability
  • Drafting of MoA, AoA & other required documents

Day 7 – 9

  • Name reservation application under SPICe
  • Filing company registration application
  • DIN allotment application
  • Application for PAN and TAN of company

Day 10 – 12

Government processing time

Knowledge Portal

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

1.Limited Liability of the shareholders

In Public Company registration, the liability of the shareholder and Directors is limited to the extent of the shares they hold in the company. For example, if the company suffers from any financial contingencies because of primary business activity, then in such case personal assets of shareholders and Directors will not be snatched by the Banks, creditors, and government. 

2.Easy Transferability

The shares of a public limited company are easily transferable. Shares of the company are listed on a stock exchange; the shareholders find it is easy to transfer the share in the company. In the case of Public Company Registration, shareholders are less bound to remain with the company, which results in making people more willing to invest.

3.Unlimited source of raising fund

The company has an unlimited source of raising fund through Public which results in pursuance of new projects and for capturing the new market

4.Separate Legal Entity

Shareholders and Directors may come and go, but the existence of the company continues to exist. i.e. the absence or movement of any shareholder in the company will not affect the existence of the company.

5.Raising the capital through Public Issue

In the case of Public Company Registration, the proposed company can raise funds through the Public.

6.Maintains the Brand Position

Being registered as a Public Company, it improves the brand position of the Company. Listing the shares of the company in the stock exchange enhances the brand position and reputation of the company.

Frequently Asked Questions

1.What is the minimum capital requirement for Public Limited Company in India?

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.

2.How many person are required to incorporate a Public Ltd Company?

A Public Limited Company must have a minimum of three Directors and seven shareholders.

3.What is the difference between a listed company and a public limited company?

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.

4.How can a public company raise funding from general public?

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.

5.What are statutory compliances of Public Limited Company?

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.

6.What is practical meaning of Public Limited Company? and list some of the examples?

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.