Public Limited Company registration

The meaning behind Public Limited Company

An Public Limited Company is established as a corporation, is incorporated and is regulated by the Companies Act, 2013. Its ownership is distributed by its shareholders in the proportion of shares they hold or capital they've invested into the business. Additionally, ownership can be easily transferred through trading shares of the company through public platforms, such as Stock Exchange Markets, to shareholders and the general public at large. Shareholders share in their profits with the business in a set ratio reached by them, and their liabilities are determined by the amount they've committed to the company.

Create the details of your Public Limited Company with our most affordable and high-quality corporate registration service. Sign up to our all-inclusive package and take advantage of our professional, highly transparent and completely online service.

Important decisions to make prior to the creation of the company as a Public Limited Company

What is the business venture?
What is an appropriate name to describe the business?
What is the appropriate amount of capital for the business?
What would the capital share ratio be?
Who will be the initial directors for the business?
What is the corporate address?

Checklist for registering an open limited company

To establish an Public Limited Company, you have to meet the requirements according to the Companies Act, 2013. These requirements relate to shareholders' number, the number of directors, names the location, capital and name of the business. An extensive list of the conditions listed is available below for your convenience and complete understanding.

Checklist for registering an Public Limited Company

Minimum of 7 shareholders
At minimum 3 directors
At at least one resident director
A registered office or business address
A valid and unique name for the company
A portion of the paid-up capital

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How to start registering an Public Limited Company

An Public Limited Company must be mandatory recognized pursuant to the Companies Act, 2013, the procedure has been fully digitalized through the Indian Government. The entire process of incorporating is now completely online, with the submission of an application and documents , to the release of the Certificate of Incorporation by the Registrar of Companies. All you have to do is sign up to our complete package of registration for your company and we'll help in the incorporation process to ensure speed, efficiency and cost-effectiveness for you.

Step 1 Documentation

To be eligible for incorporation of a Public Limited Company, you have to provide certain documents required by law. A complete list of such documents is provided in the following section. Before you begin the process of registering your company You must make sure that you have copies of all the required documents and if you are missing one of them, you should get it in order as fast as you can.

Step 2 - Choose the Name of the Company

The name of the name of a Public Limited Company must be distinctive and a reflection of its name and business activities. Furthermore the Companies Act, the Company (Incorporation) Rules and the Trademark Act, and the Names and Emblems Act, define a set of rules that must be followed to be adhered to when the naming of a business. The name of a business should not be identical or similar to the name of an existing business / LLP or an applied or registered trademark. For a comprehensive overview, please read our article on the guidelines for name approval.

Step 3 - Name of the Reserve Company

After you've chosen a suitable name for your business then you need to register your name with Registrar of Companies, to stop its use and plagiarism by other businesses. To do the purpose, all you have to do is take advantage of our services of names approval as well as reservation which will not just verify the legitimacy of the names you propose however, we will also request its reservation on"RUN" (Reserve Unique Name) or Part A (Spice+) application.

Sstep 4 - Filing SPICe+ application

Once you've approved the name of the Public Limited Company, you are able to proceed with the incorporation. In order to apply for incorporation of the company you must complete an application online SPICe+ application, which is available through the official website of the MCA. The application is split into two partsPart A to allow for name reservation, and the PART B section for company incorporation. The application must be completed and signed by any Director of the business and is then sent to the ROC together with the prescribed set of documents that go with it.

Step 5: Issuance the Certificate of Incorporation and CIN

Upon receiving the application to incorporate, the ROC reviews all the information and documents included in the application. Once it is inevitable that ROC is satisfied with the authenticity of the information and documents and documents, he will create a Public Limited Company and issue the Certificate of Incorporation of the business as a final confirmation of Registration. Furthermore, the ROC assigns the Corporate Identification Number to identify the identification of the company.

Step 6 - Issue of PAN and TAN

After that, the Certificate of Incorporation is given at the firm's request by ROC, and the Ministry of Finance issues the PAN and TAN to the business. While the PAN is a required document to make tax payments and compliance, the TAN is required to enable the company to deduct taxes at the source.

Step 7 - Filing form 20 A

A Public Limited Company can begin or start business operations before, during, or after incorporation. But, if it hasn't yet begun its business activities even after incorporation and the law allows the company with a most excellent time of 6 months from the date of the issuance of the Certificate of Incorporation, during which the business must begin its business and notify the ROC on the form INC 20A. If the six-month window expires and the company does not begin its business operations is a chance of being struck out of the Register of the ROC.

Documents Required for Public Limited Company Registration

The company's application for Registration must be made with the Registrar of Companies and the required documents per the law. The documents are classified into individual documents signed by the director or promoter, the official documents from those belonging to the Office Premises or the central location of the business, and the corporate papers. Follow the list below to find the entire document list.

Promoters Document

Color Photograph of Passport Size

Self attested Pan Card

Self attested Aadhar Card

Address Evidence: (any one document)

Telephone Bill, Gas Bill, Electricity Bill,Bank Statement

Identity Documentation: (any one document)

Passport, Voter ID, Driving License

Docs of Registered Office

Evidence of Premises:

Telephone, Electricity, Water Bill

There is no objection Certificate (NOC) By the the Owner

Download the NOC Format

Legal Drafts

Questionnaire For Company Registration

Consent of Directors on Form DIR-2

The Signature of Directors on Specimen

Signed Subscriber Sheet

Note: Following the incorporation, the ROC issues an official certificate of incorporation that includes the company's address, identical to the address listed on the certificate submitted for an address registered with the ROC. Check that the address on the NOC is the same as the address on the bill of utilities Bill.

Frequently Asked Questions

Public limited companies need at least seven shareholders to be registered and established in India. The huge number of shareholders indirectly signifies that the Public Limited Company must raise enormous capital before its beginning and incorporation. Thus, it is to be used by businesses with an extensive scale of operations, a large customer base, and massive potential for growth and expansion within the next few years.

Individuals can purchase share shares in the shares of a Public Limited Company, non-individual investors, and members of the public at large. Apart from residents, Indians and investors within a publicly-owned business can also be made by individuals who are non-resident Indians (NRIs), Foreign Institutional Investors (FIIs), people who are of Indian origin (PIOs) as well as Qualified Individual Investors (QFIs).

The liability of owners or shareholders of the form of a Public Limited Company is limited to the amount unpaid of their capital subscriptions only.

After incorporation, A Public Limited Company has to meet the following tax and legal compliances for each financial year:

Annual Returns
Annual Financial Statements
Board of Director's Report
Annual Tax Returns for Income
Annual General Meeting for Shareholders
SEBI Compliances

Foreign capital investment in a private limited company is allowed for non-residents of the country. Foreign entities can participate within Public Limited Companies only if they are either Foreign Institutional Investors (FIIs) as well as Qualified Institutional investors (QFIs).

Public Limited Registration

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Registration of the name of a Public Limited Company with the Registrar of Companies is mandatory under the Companies Act, 2013. Here at Dobizindia business solutions We offer complete services for company registration with our comprehensive packages offered for you at affordable prices. Our experienced and dedicated team consisting of CA, CS, and paralegal experts are there to assist you through each process of registration for your company completely free of charge. Our completely online mode of operations assures quality and reliability that we provide are incredibly trustworthy.

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