Public Limited Company REGISTRATION
A Public Limited Company registration in India is the best suitable business structure for entrepreneurs who are planning for large-scale business operations. To register a Public Limited Company in India there should be a minimum of seven members and there is no limit on the maximum number of members/shareholders for starting a Public Limited Company. A Public Limited Company in India enjoys all the privileges of a corporate entity together with the features of Limited Liability. A public limited company gets listed with the stock exchange to raise capital from the general public. Hence, the Public Limited Companies have to comply with multiple regulations of the government and start a Public Limited Company.
A Public Limited Company that is registered under the provisions that are prescribed under the Companies Act, 2013. The member of a Limited Company registered in India enjoys the features of Limited Liability and this type of entity is also allowed to raise capital from the public by the issuance of shares.
Also, the rules and the regulations of a Public Limited Company are more rigid and strict in comparison to the Private Limited Company. Still, it is better to incorporate a Public Limited Company as it provides the benefits of a Private Limited Company with features such as easy transferability and ownership of shares. At The Startup Trends, we offer full assistance and guidance for Public Company formation and incorporation process.
Key Features:
1. Online Process
2. Easy Documentation
3. Affordable & Cost-Effective
4. Suitable for Large Businesses
5. Huge Investment Potential
Advantages of Public Limited Companies
1. More capital- Shares are offered to the general public at large i.e. anyone can invest in a public limited company. Hence, improves the capital of the company.
2. More attention- Being listed on a stock market ensures that mutual funds, hedge funds and other traders take note of the business of the company. This may result in better business opportunities for the public limited company.
3. Spreading risk- Since the shares are sold to the public at large, the unsystematic risk of the market is spread out.
4. Growth and expansion opportunities- Due to less risk, there is a perfect opportunity for growing and expanding the business by investing in new projects from the money raised through shares.
Checklist for Incorporating a Public Limited Company
1. A minimum of 3 Directors and a maximum of 50 directors. Of all the directors in the business, at least one must be a resident of India. The directors can only be individuals and not entities like LLPs or Financial Institutions. If the Company is Listed Public Company Minimum 2 Independent Directors is also required.
2. A minimum of 7 Shareholders and there is no upper limit on the number of shareholders. At least 1 shareholder should be a resident of India. A director can be a shareholder.
3. Minimum Paid-up Share Capital of INR 5 lakhs is required for starting a company.
4. The registered office of a company does not have to be a commercial place. Even a rented home can be the registered office, as long as you have the requisite documents.
Your business must have a unique name that should not match with any existing companies or trademarks in India.
Documents Required for Public Limited Company Registration
An applicant has to collect all these documents to file along with the incorporation application:
1. Identity Proof such as Aadhar card, PAN card, Driving License, Voter Id of all the designated directors and shareholders.
2. Address Proof of all the proposed directors and shareholder of the company.
3. PAN card details of all the directors and shareholders
4. Utility bill such as telephone, gas, water or electricity bill of the registered office as a residential proof of the business place. It should not be older than 2 months.
5. An NOC or No Objection Certificate from the landlord of the business place.
6. DSC or Digital Signature Certificate of all the directors
7. Memorandum of Association (MOA) and Article of Association (AOA)
Legal Requirements of Public Limited Company
A business looking to register itself as a Public Limited Company must appoint the following executives before filing the incorporation application:
1. A Minimum of three Directors
2. A Maximum of 15 Directors
3. At least one Director should be an Indian National
4. A minimum of seven Shareholders
Steps to register as Public Limited Company
Follow the below steps to register your business as a Public Limited Company:
Step 1: Download and Filling up of Application Form DIN- Applicants need to procure a form that is to be filled and submitted to register a business enterprise as a public limited company. The form is available online that can be filled and submitted online
Step 2: Digital Signature Certificate (DSC) & Director Identification Number (DIN) - After downloading and filling the form online, applicants need to present a Digital Signature Certificate (DSC) and Director Identification Number (DIN) of all directors to proceed further towards registering a public limited company.
Step 3: Form Submission with the Registrar of Company (ROC)- Further applicant needs to submit all the required documents (self-attested) to the Registrar of Company (ROC) along with the payment of prescribed registration fees
Step 4: Certificate of Incorporation of a Public Limited Company- After the approval of business enterprise as a public limited company and confirmation of its unique name, company will be officially incorporated as a Public Limited Company
Conclusion
A Public Limited Company is expected to raise huge funds from investors and the general public for starting a new business, expanding an existing one, or investing in cutting-edge research and development for enhancing the growth of the business. This is exactly why a Public Limited Company is best suited for large businesses with high scale of business operations and high hopes of having a global reach. So, if you want to own a company with restricted liabilities and responsibilities and earn lots of profits, a public limited company can be your best choice.
Why The Startup Trends For Public Limited Company Registration
The Startup Trends has always come forward with a team of experience.
Access To Experts- We provide access to reliable professionals and coordinate with them to fulfil all your legal requirements. You can also track the progress on our online chat platform, at all times.
Realistic Expectations- By handling all the paperwork, we ensure a seamless interactive process with the Government. We provide clarity on the incorporation process to set realistic expectations.
Strong Team- With a team of experienced business advisors and legal professionals, you are just a phone call away from the best in legal services.
We always believe in transparent and clear information for our clients and customers. We are well known for our trusted surface and outstanding performance for our clients. We also ensure the security and privacy of our customers. The Startup Trends has always acknowledged legal and accounting matters and delivered the whole process and guidelines with simplicity.