Public Limited Company Registration

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Public Limited Company Process
Step 1
Prepare documentation
Step 2
Fill the application form
Step 3
Submit the
application form
Step 4
Wait for processing
Step 5
Process complete

Public limited companies are those companies that were incorporated under the Companies Act 2013 and where anyone can be a shareholder. A public limited company sells its shares outside the organisation. Their ownership is not restricted within the organisation; it is distributed among its shareholders. This shareholder gets the profit of the company in a certain ratio that is mutually agreed upon between both parties. This business organisation is best for those business owners who have the aim of setting up a large-scale business. A minimum of 7 people are required to form a

The following documents are needed to open any public limited company Registration :

* Identity Proof for All Directors

1. self-attested PAN card for all who are Indians
2. passport if anyone has foreign nationality.
3. proof of nationality for those who have foreign nationality.
4. For Indian citizens, any self-attested copy of identity proof is required, like an AADHAR card, voter card, driving licence, or passport.
5. Passport-size photo
6. Resolution of the board of a company or LLP for authorization of a director or partner

* Address proof of owners

  • A new updated telephone or mobile bill, an electricity bill, a gas bill, a bank statement, or any other document will be granted.

* Registered Office Proof

1. Telephone, electricity, and water bills
2. no objection certificate if the place is rented. Also, a rent agreement is needed.
3. If its own company ownership proof is needed,

Steps needed to register any public limited company

1. Applying for a DSC (Digital Signature Certificate)

For Private Limited Company registration the first step is getting DSCs for all directors. It is necessary to sign any e-form. After applying from any CA farm, one can get DSC within 1-3 working days.

2. Name Approval

After that, one needs to check the companies proposed name availability. The name should be unique. One can check the name's availability through the MCA portal. Then the name will be registered by any CA.

3. Filling the SPICe+ Form

After name approval, the next step is filling out SPICe+ to get the certificate of incorporation. MOA (Memorandum of Association) and AOA (Article of Association) should be submitted along with the SPICe+. It will take 7-9 working days to verify all those documents.

4. Getting a Certificate of Incorporation

After all the documents are verified, one can get the certificate of incorporation and be ready to continue its operation.

5. Getting PAN and TAN

Now the final step is getting companies' PAN and TAN certificates. The ROC immediately issues PAN and TAN after issuing the certificate of incorporation. Both documents are needed regarding tax filing, deduction and collection of taxes from other sources, and filing compliances.

Advantages of Public Limited Companies

• Lower Capital Limited

There is no lower limit on capital for opening a public limited company.

• The distribution of shares is easy.

Share distribution is not restricted within the organisation. Also, after the death or retirement of any shareholders, members, or directors, the company will continue to exist.

• Fewer risks and a better chance of growth

As these types of companies sell their shares outside the organisation, they have less market risk than other types of companies. Fewer risks lead to greater opportunities to grow.

• Huge Capital

There is no restriction on increasing capital. You can increase companies' capital limitlessly.

• Less Liabilities

If a company is bankrupt and fails to satisfy business liabilities, the investors or proprietors are not responsible for repaying the liabilities.

Why choose us?

We make your desires come true.

  • From making use of to getting all the ultimate documents, we will do all the integral work on your behalf.
  • We have a crew of certified and expert CAs and CSs who are usually there for you.
  • We will now not solely register your business enterprise, but additionally furnish the offerings of filling out compliances.
  • We also furnish respective websites, software, and cellular apps to set up your business. In short, you will get all the offerings you need to set up your enterprise under the same roof.
  • Affordable charges
  • Easy price options
  • 24x7 consumer support

FAQ

  • 01. Can a NRI own a public limited company?

    NRIs or foreign investors can own a public limited company with some constraints. They have to submit certain documents while getting the licence for these kinds of companies.

  • 02. How many persons are required to incorporate any public-related company?

    For the incorporation of any publicly related company, at least three directors and seven shareholders are required.

  • 03. Can a start-up be registered as a public limited company?

    No, a start-up can't be registered as a public limited company.

  • 04. Can a shareholder of a company be involved in the business and management of the company?

    The shareholder has no permission to involve himself in any business or management-related work in the company. They only enjoy the ownership.

  • 05. Is an office required for starting a limited company?

    Yes, it is required for communication from MCA. Even at the time of company registration, it is required to submit office address proof. The office can be residential, commercial, or rental.