Register Public Limited Company

LEGALRAJ provides company registration services, offering a variety of Company registrations like private or Public Limited Company, One Person Company, Nidhi Limited, Section 8 Company, Producer Company. The average time taken to complete a Company registration is about 7 to 15 working days, subject to government processing time and client document submission. Get a free consultation on Company registration and business setup in India by scheduling an appointment with LEGALRAJ.

In case of Public Company, minimum seven Subscribers / Promoters and three Directors are required for its formation whereas there is no cap on the maximum number of members and Public Company has more stringent regulatory requirements compared to a Private Limited Company.The ability to have any number of members, fund raising from Public and ease in transfer of shareholding are some of the characteristics of Public Limited Company.

PUBLIC LIMITED COMPANY REGISTRATION

 

Basic Information

 

In case of Public Company, minimum seven Subscribers / Promoters and three Directors are required for its formation whereas there is no cap on the maximum number of members and Public Company has more stringent regulatory requirements compared to a Private Limited Company.

 

The ability to have any number of members, fund raising from Public and ease in transfer of shareholding are some of the characteristics of Public Limited Company.

 

LEGALRAJ provides company registration services, offering a variety of Company registrations like private or Public Limited Company, One Person Company, Nidhi Limited, Section 8 Company, Producer Company. The average time taken to complete a Company registration is about 7 to 15 working days, subject to government processing time and client document submission. Get a free consultation on Company registration and business setup in India by scheduling an appointment with LEGALRAJ.

 

Advantages of Public Limited Company Registration

 

1. Separate Legal Entity: A company is a legal entity and a juristic person established under the Companies Act, 2013. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no personal liability to the creditors of a company for such debts.

 

2. Easy Transferability: The Shares are freely transferable by a shareholder to any other person. Filing and signing of a share transfer form and handing over the buyer of the shares along with share certificates followed by intimation to the Company is enough to transfer the shares.

 

3. Uninterrupted Existence: A company has 'perpetual succession', which means continued / uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

 

4. Owning Property: A company being a juristic person, can acquire, own and alienate property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

 

5. Borrowing Capacity: A company enjoys better avenues for borrowing of funds. It can issue secured / unsecured debentures, and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

 

What are the minimum requirements for Registering a Company in India?

 

  • Minimum 3 Directors are required.
  • Minimum 7 promoters are required.
  • There is no minimum capital requirements
  • DSC of the promoter - shareholders of proposed Company
  • DIN of the proposed Directors
  • Unique Name for the proposed Company
  • Registered office Address of the Company

 

What is the procedure for Company registration ?

 

 

 

 

 

The entire process for registration of Company will take at least 7 to 15 working days from the receipt of all the necessary documents and filing with the ROC.

Documents


Passport Photo

Passport photo of all parties.


PAN Card

PAN card of all parties.


Aadhar Card

Aadhar card of all parties.


Utility Bill .

Utility bill of Electricity or Telephone


Address Proof

Entity Address Proof of all the parties.


Licence

Valid Driving Licence of all the parties.


Terms and Conditions

Terms and Conditions between the parties.


Other Documents

Other documents will be intimated through e-mail.

FAQ

When the Company is incorporated by the promoters who are from among the general publicfrom various professional fields such Companies are known as Public Company. It is also known as widely held Company. There is substantial public interests are involved. All the Public Limited Companies are not Listed Companies but all the Listed Companies are public Limited Companies.

Complete control over the affairs of the Company Separate Legal Existence from its management body Limited Liability on members in liquidation Flexibility of Ownership Relaxation from a few stringent provisions of the Companies Act, 2013 Separation of Ownership and Management Easy financial Planning Perpetual Succession Easy Transferability Easy access to borrowings from market as compared to other unregistered entities

You are required to fill-in the Enquiry Form as mentioned on the screen and the required list of documents and quotation will be at your Figure Tips. No Charges are required to be paid.

The following types of Business entities are in existencein India: Private Limited Company Public Limited Company One Person Company Producer Company Section 8 Company Nidhi Limited Company Non-Banking Finance Companies Mutual Fund Companies Foreign Subsidiary Companies Chit Fund Companies Limited Liability Partnership Partnership Firm Sole Proprietorship

At leastThreeDirector At least SevenShareholders(The Director and Shareholder can be same) DIN is included in the Incorporation process itself no separate requirements DSC (Digital Signature Certificate) for all the Subscribers to MOA Amount of Share Capital at your liberty (No minimum requirement) Documents as enlisted in the requirement list itself

The Memorandum of Association (MOA) states the main objects of the proposed company.The Articles of Association (AOA) on the other hand, contains the bylaws, rules and regulations and procedures for conducting the routine business operations and affairs of the Company. The Memorandum of Association and the Articles of Association of the Company are constitutional and important documents, however they cannot override the provisions contained in the Companies Act, 2013 and the rules made thereunder.

Authorized capital is the maximum amount of share capital with which a company is incorporated. Authorized capital can be increased by company at any time with shareholders’ approval. Paid-up share capital cannot be more than the authorised share capital.

Paid-up share capital of a company is that amount of capital which is issued to the subscribers and/or other shareholdersagainst which money towards such allotment of shares is paid by the shareholders. Paid-up capital will always be less than the authorized capital or registered capital.

It is unique Identification Number allotted to an individual who is an existing director of a company or intends to be appointed as director of a company pursuant to section 152 (3), 153 of the Companies Act, 2013. Every individual, intending to be appointed as a director of the company, will have to file an application for allotment of DIN in Form DIR-3. After filing of an application in the prescribed form the DIN approval letter will be sent through an Email to the applicant by the Ministry of Corporate Affairs.

Digital Signature Certificates (DSC) are the certificate in the electronic format issued by the Certifying Authorities containing the Identity details of an individual which are carried through the DSC Tokens similar to the Pen Drives. Digital certificate can be presented electronically to prove your identity and to sign digitally certain E-forms on the Government Portals like Ministry of Corporate Affairs, DGFT, Income Tax, RBI, etc.

No Hidden charges. Every detail regarding charges istransparent as you can see in the Quotation file in your mailbox.

Yes of course, registered office address of the company can be changed after acquiring a commercial space. The process of change of company address is very easy and it can be done within very short time if the new address is within the same city and the same jurisdictional ROC

Yes, any of the Directors of the Company can be appointed as Manager or Managing Director (MD)under the provisions of the section 196 of the Companies Act, 2013 and can draw a salaryp.m. of p.a. as through Contract Of Service between the Company and the Manager or MD subject to certain terms and conditions mentioned in his/her employment agreement and that might require some professional help. Hence we would be delighted to serve you at our best.

Yes, an existing Company can be converted into other type of Company by complying with the provisions of Companies Act, 2013 such as; Private Limited into Public Limited and vice-versa Private or Public to Section 8 Company and vice-versa OPC to Private or Public Company From Private to OPC subject minimum criteria as specified in the Companies Act, 2013 From Company to Co-Operative Societies From Partnership or LLP or Proprietary into Company However, conversion from Company to other unregistered form of business is not allowed under the Companies Act, 2013.

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