PUBLIC LIMITED COMPANY
Registration of a Public Limited Company
Incorporating a Public Limited Company is a suitable option for large scale businesses that require huge capital. There should be a minimum of seven members with no limit on maximum number of members/shareholders for starting a Public Limited Company.
Usually, Public Limited Companies get listed with stock exchanges to raise capital from the general public. This is why Public Limited Companies have to comply with multiple regulations of the government and starting a public limited company becomes a cumbersome process.
A Public Limited Company is defined under Section 2(71) of the Companies Act, 2013 as:
- A company which is not a private company
- A company with a minimum paid-up share capital of INR 5 lakhs.
Note: Under the Companies Act, 2013, a subsidiary company shall be deemed to be a public company if it is not a subsidiary to a private company, even if it is a private company as per its articles.
Advantages
Separate Legal Entity
A Public Limited Company is considered as a separate legal entity from its shareholders. It has a perpetual existence and can have its own PAN, bank accounts, approvals, contracts, licenses, assets and liabilities.
Multiple avenues of funding
Public Limited Company can raise funds from individuals as well as from financial institutions. The funds may be raised via equity shareholding, preference shareholding or debentures.
Limited liability
The shareholders of a Public Limited Company are given Limited Liability Protection. In a situation of unexpected liability, the same would be limited only to the company and not affect the shareholders.
Easy transferability of shares
This is one of the biggest advantages of a Public Limited Company. The shares can be easily transferred by a shareholder to other legal entities – be it an individual or an organization, in India or abroad. The directorship of the company can also be changed for ensuring business perpetuity.
Documents Required
Directors
- Digital Signature
- PAN for Indians & Passport for Foreigners ( mandatory)
- Aadhaar
- Passport/Driving license/Voters id
- Bank statement with address – not older than 2 months
- Telephone bill or mobile bill with address ( not older than 2 months)
For Registered Office
- Building tax receipt/ ownership certificate
- Utility bill (gas bill, phone bill with address)- not older than two months
- NOC / rent agreement
Other Details
- Main Object and Name Options
- Authorised Capital &Paidup Capital
- Shareholding pattern
- Email ID
- Promoter’s Educational Qualifications
- Phone number
- Duration of stay at present residential address
Packages
Basic Package
(For capital upto 10 Lakhs)
Rs
29999
(All inclusive)*
- Pre Registration Consultation
- DIN for all Directors
- Digital Signature Token for Promoters
- Company Name Approval
- MOA + AOA
- Incorporation Certificate
- New Incorporation Kit
- Customized Incorporation Master File
- Company PAN Card
- Company TAN/TDS Number
- Bank Account Opening Document Support
- GST registration
- PF and ESI registration
Premium Package
(For capital upto 10 Lakhs)
Rs
34999
(All inclusive)*
- Pre Registration Consultation
- DIN for all Directors
- Digital Signature Token for Promoters
- Company Name Approval
- MOA + AOA
- Incorporation Certificate
- New Incorporation Kit
- Customized Incorporation Master File
- Company PAN Card
- Company TAN/TDS Number
- Bank Account Opening Document Support
- GST registration
- PF and ESI registration
- MSME registration
- Logo Design
- Consultation for branding and trademark
- Post registration consultation for compliance
- Post registration consultation for accounts & Tax
*Cost of Stamp paper as per Government rules
Deliverables
Minimum Requirements
Deliverables
- Pre Registration Consultation
- DIN for all Directors
- Digital Signature Token for Promoters
- Company Name Approval
- MOA + AOA
- Incorporation Certificate
- New Incorporation Kit
- Customized Incorporation Master File
- Company PAN Card
- Company TAN/TDS Number
- Bank Account Opening Document Support
- GST registration
- PF and ESI registration
- MSME registration
- Post registration consultation
Minimum Requirements
- Minimum 7 Shareholders
- One of the Directors must be Indian Resident
- Minimum 3 Directors
- Minimum Authorised Share Capital Rs 500,000(INR Five Lac)
- The directors and shareholders can be same person
Basic Package
(For capital upto 10 Lakhs)
Rs
29999
(All inclusive)*
- Pre Registration Consultation
- DIN for all Directors
- Digital Signature Token for Promoters
- Company Name Approval
- MOA + AOA
- Incorporation Certificate
- New Incorporation Kit
- Customized Incorporation Master File
- Company PAN Card
- Company TAN/TDS Number
- Bank Account Opening Document Support
- GST registration
- PF and ESI registration
Premium Package
(For capital upto 10 Lakhs)
Rs
34999
(All inclusive)*
- Pre Registration Consultation
- DIN for all Directors
- Digital Signature Token for Promoters
- Company Name Approval
- MOA + AOA
- Incorporation Certificate
- New Incorporation Kit
- Customized Incorporation Master File
- Company PAN Card
- Company TAN/TDS Number
- Bank Account Opening Document Support
- GST registration
- PF and ESI registration
- MSME registration
- Logo Design
- Consultation for branding and trademark
- Post registration consultation for compliance
- Post registration consultation for accounts & Tax
