Public Limited Company Registration In India
A company that is established and wants to expand its Corporate Business globally can choose a public limited company registration.
It is a voluntary association and becomes a separate legal entity on registration.A Public Limited Company must have a minimum of 7 members. It does not have a maximum limited.According to the present laws, a public limited company is defined as an organization that is not managed privately by individuals.
Want to know More ?
Kick Start Your Public Limited Company Registration With Compliancekart
When it comes to public limited Company Registration Services, Compliancekart is your best bet. Choose us and get quality documentation delivered on-time at reasonable rates.With our headquarters in Bangalore, we render Quality Taxation Services all over India. You can now plan for the Growth of Your Business while we take care of the rest.Count on us to handle all your important accounting needs as well.
PROCESS INVOLVED IN PUBLIC LIMITED COMPANY REGISTRATION
- It needs the consent of the Directors to act as such in Form No.29.
- Form-20 has to be duly signed by one of the Directors to file a declaration.
- Digital Signature Certificate (DSC) of at least one Director with self-attested copy of identity and address proof is mandatory.
- Digital Identification Number (DIN) of the Director is mandatory.
- Approval for the name of the company.
- Drafting the Memorandum of Association (MOA) and Articles of Association (AOA).
- Filing of documents like MOA, AOA, Form DIR-12, Form INC-22, and Form INC-7.
- Obtaining the certificate of registration
- As per the Companies Act of 2013, there is a requirement of a minimum of two directors and seven shareholders to commence the business of a public limited company. However, there is no maximum limit.
- The minimum share capital that is required to be invested is Rs. 5 lakh (in the form of Authorized Capital) or a higher amount based on the requirement.
- A Public Limited Company needs to issue a brochure inviting the public to subscribe for the shares of the company.
- It is mandatory for a Public Limited Company to attest the word ‘LIMITED’ after the name.
- In case of any loss, the shareholders or the members can sell the assets liable to the company in order to safeguard their personal assets.
- To commence the business a Public Limited Company needs to raise 90% of the amount through the issue of shares.
Eligibility Criteria for Public Limited Company Registration in India
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:
- A Minimum of two Directors
- A Maximum of 15 Directors
- At least one Director should be an Indian National
- A minimum of two Shareholders
Documents required for Public Limited Company Registration in India
In regard to the Public Limited Company registration, the following documents are needed:
Directors and Shareholders
Copy of PAN Card
Identity Proof:
Voter Card
Passport
Driving Licence
Address Proof:
Bank Statement
Mobile Bill
Telephone Bill
Electricity Bill
Recent Passport Size Photo
Registered Office
Ownership Proof:
Electricity Bill
Gas Bill
Electricity Bill
Mobile Bill
NOC (No-Objection Certificate) for Rented Property
Process for Public Limited Company Registration in India
The procedure for Public Limited company registration in India is as follows:
- Choosing a unique name for the Company
- Reserving the name of the Public Limited company using the RUN application
- Obtaining the DSC and DIN of the directors of the Company
- Drafting MOA and AOA of the Company
- Submitting the online application for Public Limited company incorporation
- Assessment of the application by the Ministry of Corporate Affairs
ABOUT US
ComplianceKart is a professionally managed company to provide virtual compliance support to startups and business. Our main agenda is to avoid the non-compliance cost and provide with quality services virtually.
FOLLOW US
Privacy Policy | Terms & Conditions | Cookies © 2022 All rights reserved.