Public Limited Company Registration
At Just Rs 38,999/- (All inclusive)
Completely online process
Work handled by professionals
Within 10-15 Days
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What is Public Limited Company
Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency.
A limited company grants limited liability to its owners and management. Being a public company it can issue shares to any investors this is beneficial in raising capital. A minimum of three Directors are required for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company.
Advantages of Public Limited Company Registration
The greatest benefit of public limited companies is limited liability of its members, If anything happens to the company, members shall not be personally affected and shall only be liable for unpaid amount of shares.
Raising Capital from Public
The most obvious advantage of being a public limited company is the ability to raise share capital from the public for growth and diversification, particularly where the company is listed on a recognized exchange.
Continuity of Existence
As Public limited companies are separate legal entities and enjoys perpetual succession which means continuation of its existence, unaffected by the death of any of its owner(s) or the transfer of its shares to a new entity.
Since this type of business is often listed in a stock exchange,people will be able to easily and quickly recognize the brand or name of the company. The more brand recognition and capital a company has, the more business and it will have.
Being a public Company member or shareholders, transfer of shares can be done easily. There is no such restriction in its Articles regarding transferability of shares.
A public limited company can easily obtain financing to bankroll its operations. Banks and other financial institutions are more willing to extend financing to this type of company than to smaller forms of business entities.
Documents For Public Limited Company Registration
- Copy of PAN Card
- Copy of Adhar Card/ Voter ID Card
- Electricity / Water Bill
- Landlord NOC (as per format given)
- Passport size photo of directors
- Copy of rent agreement
- Copy of owned property papers (if)
Cost Of Public Limited Company Registration
|Notary and Stamping Charges||1200|
Note: Stamp duty Extra for States: Punjab, Kerala and Madhya Pradesh.
Procedure For Registering Public Limited Company
Obtaining DSC and DIN(1-3 Working Day)
- Digital Signature Certificate(DSC) and Director Identification Number(DIN) is required of the proposed Directors and Subscribers of the Private Limited Company and it can be obtained within 1-2 working days by filing Form DIR-3 (DIN application).
Application for Name approval(4-5 Working Day)
- After obtaining the DSC and DIN of the proposed subscribers and Directors, our team will get in touch for a unique name and along with that collect all the requisite documents in scan for the incorporation of the company through the SPICE i.e INC 32
Filing of Incorporation Forms(2-3 Working Day)
- After the name approval and review of all the documents required, we will submit incorporation Forms to MCA and once it gets approved Certificate shall be issued by the ministry and we will send the MOA & AOA via mail and DSC through courier.
FAQ’s On Public Limited Company Registration
What is a Public Limited Company?
A Public Limited Company is a Company limited by shares in which there is no restriction on the maximum number of shareholders, transfer of shares and acceptance of public deposits. The liability of each shareholder is limited to the extent of the unpaid amount of the shares face value and the premium thereon in respect of the shares held by him. However, the liability of a Director / Manager of such a Company can at times be unlimited. The minimum number of shareholders is 7.
What is the difference between ISO 9000 standards and IS/ISO 9000 standards?
A limited company has following advantages:
- Members’ (the directors and shareholders) financial liability is limited to the amount of money they have paid for shares.
- The management structure is clearly defined, which makes it easy to appoint, retire or remove directors.
- If extra capital is needed, it can be raised by selling more shares privately.
- It is simple to admit more members.
What entity is best suited?
The choice of entity depends on circumstance of each case. Private Limited Company has lesser number of compliance requirements. Therefore, generally where there is no requirement of raising of finances through a public issue and the ownership is intended to be closely held by limited number of persons, Private Limited Company is the best choice.
What is the minimum paid-up capital of a Public Limited Company?
As per the amendment in the Companies Act, 2013 there is no minimum amount of paid up share capital required for the Incorporation. There is no upper limit on having the authorized capital and the paid up capital. It can be increased any time, by payment of additional stamp duty and registration fee.
What is the Memorandum of Association (MOA) and the Articles of Association (AOA) of a company and what is the procedure in their regard?
On receipt of the name approval letter from the ROC the MOA and the AOA are required to be drafted. The MOA states the main, ancillary / subsidiary and other objects of the proposed company. The AOA contains the rules and procedures for the routine conduct of the proposed company. It also states the authorized share capital of the proposed company and the names of its first / permanent directors. After the MOA and AOA are required to be stamped.
A stamp duty is required to be paid on the MOA and on the AOA. The stamp duty depends on the authorized share capital.
How is the certificate of incorporation issued?
After all the documents are filed, the ROC calls the attorney on a specific date for scrutiny and making the corrections in the MOA and AOA filed. On complying with the same, the certificate of incorporation is granted to the attorney.