Public Limited Company Registration

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Public Limited Company

Public Limited Company Registration in India at just Rs. 4999/- + Govt. Fee

Public limited companies offer fixed deposits or have their shares listed on the stock market. Public limited company registration has all the benefits of a private limited company, including the flexibility to have an unlimited number of shareholders, simplicity in shareholding transfers, and more transparency. The firm must have a minimum of 3 directors, a minimum of 7 shareholders, a maximum of 50 directors, and Rs 5 lakhs in paid-up capital for public limited company registration in India. Through Lawgical India, Public Limited Company Registration is possible.

Features

More simple than it looks!

The following are the features of public limited company

1. Flexible Structure
Compared to other companies, a Public Limited Company has the most flexible structure of all. It enables a wide degree of operating and ownership independence.`
2. Stock Ownership
Employees may receive stock ownership or ESOPS from a public company. The ability to distribute shares to present and potential workers is only available to Limited Companies.
3. Stock Exchange Listing
On Indian stock exchanges like the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), etc., only Public Limited Companies are permitted to list their shares. As a result, anyone can invest in the company by buying its stocks.
4. Fundraising through Initial Public Offerings IPOs
Under the 2013 Companies Act, only Public Limited Companies may receive public deposits. In this manner, the Company can raise additional funds for its commercial operations and size growth.
5. Service Notice
A public limited company's primary goal is to provide services to society. It might even have to suffer losses for this reason. However, it is expected that public companies will eventually turn a profit.
6. Autonomous Bodies
Public ltd companies in India are independent or somewhat autonomous bodies. They occasionally operate under the supervision of government agencies. In other situations, these businesses operate as corporations and companies under the law.

Benefits

More simple than it looks!

The following are reasons why a public limited company registration is beneficial

1. Easy to Transfer shares:

Shares are legally binding documents that are easy to transfer according to the Indian Contract Act 1872. These instruments are easily transferable under the Companies Act 2013, with just a few compliance requirements. A listing of shares in a stock market also makes it simpler to transfer shares from one party to another.

2. Increased Capacity for Borrowing:

The law favours public corporations when borrowing money from banks and other financial organizations. A public limited company registration would give the extra benefit of the business recognition.

3. Shares of a public limited company can be listed on a stock exchange:

Shares may be listed on a stock exchange. However, the public limited company must comply when listing its shares on a stock exchange. The public limited company might raise secondary financing using this approach. Therefore, a potential applicant must consider all the above points before a public limited company registration online.

4. Separate Legal Entity:

The directors and shareholders (members) of a public limited company benefit from the idea of a separate legal entity. It indicates that the directors' and members' liability is strictly limited to a particular amount. If the public company owes any obligations, creditors may not contact the members.

Public Limited Company Registration in India - Eligibility Criteria

More simple than it looks!

To register a public limited company following criteria are required by a public limited company to qualify for public company registration.

  • A public company must have a minimum of seven shareholders to register as a public limited company.
  • A public company must have a minimum of three directors for a public limited company registration.
  • For electronically and digitally signing papers, at least one of the directors must possess a Digital Signature Certificate (DSC).
  • All directors of a proposed company must obtain a DIN (Director Identification Number) to get public limited company registration online.
  • It is necessary to submit an application that includes the company's primary object clause. It also discusses in full all the endeavors the organization will undertake following its incorporation.
  • You must apply for the ROC (Registrar of Companies) and other necessary paperwork, such as an MOA and an AOA.

Public Limited Company Registration Online

Public limited company registration follows a similar procedure as private company registration. The processes listed below must be completed to register a public limited company:

Step 1: Filing the form:

The submission of a public limited company registration application form is completely online. It needs to be done via the relevant MCA portal. You need to upload all supporting documentation to the MCA portal.

Step 2: Applying for DSC and DIN:

The applicant must apply for a Director Identification Number and Digital Signature Certificate in the second step of public company registration. The digital signature certificate guarantees authenticity for processing the documents online. In addition, the DSC supports electronic signatures as per the act's requirements. The company might hire a minimum number of directors to fulfill the requirements of a public limited company by applying for a DIN.

Step 3: Verifying the Name of the Company:

A public limited company registration process's third step is verifying its name. According to the Ministry of Corporate Affairs' regulations, the company's name is reviewed and verified (MCA). The company name cannot be interchangeable with any other name. In addition, there must be no violations of Indian intellectual property law in the company name.

Step 4: Filing SPICe Form:

When the appropriate authorities have approved the public limited company's name, the applicant will file the SPICe form to obtain the certificate of incorporation. The DIN number will also be assigned to the company's directors when the applicant submits the SPICe form.

Step 5: Submitting Documents:

After completing the stages above, the applicant must submit the necessary paperwork to the MCA. The article of association and the memorandum of association are among the documents you must fill in with the appropriate authorities. The business must also include supporting paperwork, such as its mission, long-term goals, and objectives.

Step 6: Incorporating the Company:

The MCA and Registrar of Companies are responsible for issuing the public limited company's certificate of establishment after confirming the public limited company registration process. This certificate serves as a proof-of-status legal document for the public limited company.

Step 7: Opening a Bank Account:

The last step of public limited company registration online involves opening a bank account in the public limited company's name. It's important to distinguish this bank account from opening a personal account. It must be open for conducting daily business on behalf of the organization.

Documents required for a public limited company registration process
  • Identity Proof - Such as Aadhar Card, PAN Card, Driving License, and Voter ID card.
  • Utility Bills- Rent, Electricity, and Water
  • Proof Of Registered Office Address- Any utility bill can be used for this purpose
  • MOA and AOA
  • Digital Signature Certificate
  • Directors Identification Number
  • Address of the Shareholders

FAQ's

Few doubts important to be resolved quickly

1. Who owns a public limited?

A public limited company is managed by its directors and owned by shareholders.

2. What is the minimum number of members required to incorporate a Public Limited Company?

A minimum of seven members are required for a Public Limited Company registration. And a minimum of three Directors.

3. Is it compulsory to be present in person to incorporate a Public Limited Company?

You won't need to be present at our office or any other office for public limited company registration. Any document can be scanned and forwarded to our office via email. Additionally, you can send the remaining documents to us by courier.

4. What is the minimum capital requirement for a Public Limited Company incorporation?

A public limited company requires a minimum of Rs. 5 Lakh authorized capital to incorporate and a maximum however, the act prescribes.

5. Why should a business register as a Public Limited company?

Businesses are not obligated to become public eventually. Many companies operate exclusively in the private sector. Most companies who decide to become public limited companies have a strong management team and are thus in a good position to mitigate any risks associated with going public.

6.Time required for a Public Limited Company registration online?

On average, registering a Public Limited company in India takes around 14-21 working days. It depends upon the document verification by the Ministry of Corporate Affairs (MCA).

public limited company registration

More simple than it looks!
GOLD
12999/-
4999/- + Govt. Fees
  • Registration within a month
  • Authorised Capital upto 10 lakhs
  • MOA, AOA, Pan, Tan, e-copy
  • 3 DIN & 8 DSC
  • Certificate of Incorporation e-copy
  • FREE CONSULTANCY
  • GST Registration
  • Udyam Registration
  • Professional Website
  • 1 year Domain & Hosting
  • Basic On-Page SEO
  • Google Analytics & Web mails
  • Trademark Registration
  • Audit & Annual Compliances
  • Iso 9001:2015
  • Appointment of Auditor
  • Commencement Certificate
  • ITR of Company
PLATINUM
25999/-
16999/- + Govt. Fees
  • Registration within a month
  • Authorised Capital upto 5 lakhs
  • MOA, AOA, Pan, Tan, e-copy
  • 2 DIN & DSC
  • Certificate of Incorporation e-copy
  • FREE CONSULTANCY
  • Professional Website
  • 1 year Domain & Hosting
  • Basic On-Page SEO
  • Google Analytics & Web mails
  • GST Registration
  • Udyam Registration
  • Iso 9001:2015
  • Trademark Registration
  • Appointment of Auditor
  • Commencement Certificate
  • Audit & Annual Compliances
  • ITR of Company
DIAMOND
45999/-
36999/- + Govt. Fees
  • Registration within a month
  • Authorised Capital upto 5 lakhs
  • MOA, AOA, Pan, Tan, e-copy
  • 2 DIN & DSC
  • Certificate of Incorporation e-copy
  • FREE CONSULTANCY
  • Professional Website
  • 1 year Domain & Hosting
  • Basic On-Page SEO
  • Google Analytics & Web mails
  • GST Registration
  • Udyam Registration
  • Iso 9001:2015
  • Trademark Registration
  • Appointment of Auditor
  • Commencement Certificate
  • Audit & Annual Compliances
  • ITR of Company
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