Public Limited Company Register
Ideal for entrepreneur who have largest started a venture
Starting At Rs. 39,999 Onwards
SAVE 50% COST…!!!
(Takes 10-15 days)
What is Public Limited Company Registration ?
A limited company provides limited liability to the management and its owners. Being a public company permits a firm for selling shares to investors. this is advantageous in raising the capital. A minimum of three Directors are needed in establishing a Public Limited Company and it has more powerful regulatory requirements when compared to a Private Limited Company.
Public Limited Companies are the companies which need the least number of members (seven) and there is no limit on the maximum number of members. A public limited company has a maximum of the features of a Private limited company. A public limited company has all the benefits of a private limited company and the capacity to have any number of members, makes it easy to transfer the shareholding and offers more transparency. Identifying the characteristics of a public limited company are a name, number of members, management, directors, shares, formation, and meetings, etc. Receive a free consultation for Public limited company registration in Delhi and business startup by making your appointment with an Unfolding Tax Advisor.
WWW.MCA.GOV.IN is a portal approved by Registrar of Companies for registration and compliance purposes
Who can start a Public Company in India?
This is one of the most critical questions asked by everyone who has an interest in starting a company in India.Though there are no restrictions on any person in the formation of the company in India, still, we would like to discuss some special cases:
Students who are above the age of 18 can form any sort of company in India.
Employees are generally restricted by their employers to form a company and be a director. They may be shareholders but do not usually take a position as director. If you want to start a company, then review your employment agreement and you may also need to take permission from the respective employer.
Person having criminal background: these people are not barred to form a company, however, they must provide various declarations to the ROC
Documents required for Public Company Registration
- Copy of PAN Card
- Aadhar Card
- Address Proof (Bank Statement, Mobile bill, Telephone bill)
- Passport Size Photo
For Registered Office
- Ownership Proof (Electricity Bill etc)
- Utility Bill (Gas Bill, Electricity Bill)
- NOC (Download format)
NOC Procedure For OPC Registration
Frequently Asked Questions
The main difference between a listed company and public company is quite simple. A public company when reaches to the public for raising capital needs to be registered with stock exchange and once registered, it then onwards it is known as a listed company.
Any company who desire to raise their funds through general public needs to get themselves listed on any known stock exchange. Any company which is well recognized or listed on any stock exchange is also called as listed Company.example Tata, Infosys and ICICI Bank etc.
Public limited companies are the only type of company that are permitted to raise funds from the general public. The procedure of company listing and raising of the funds from the public by making an offer is called an Initial Public Offer (IPO). IPO refers to the procedure through which shares are given by the companies to raise funds.
With the help of an unfolding tax, it takes about 10 to 15 days for registering the Company. Further, if you need a quick registration, you must give us the documents on time or as soon as possible.
There are certain statutory compliances prescribed for Public Limited Company in India. Here are the views of some of the compliances:
Have to conduct a minimum of 4 board meeting during the entire year.
Have to file AGM annually and do the concerned filing like MGT 7, AOC 4 etc.
Have to go through an annual necessary audit to be done by a Practicing Chartered Accountant.
Need to keep a record of the Members, Minutes book etc
Yes, NRI and foreign National can surely start a public limited company in India without even being in India. According to it every document need to be notarized from the public notary or Indian embassy of the concerned foreign Country.
Also, NRI and foreign national can also become the director of a company
Public limited companies are amongst the highly considered type of business in our country. It can perform everything that is permissible in India. From fundraising to getting investors or having an Initial Public Offer (IPO), it offers various innovative measures for raising funds.
It can, therefore, be listed on any stock exchange. It is also considered more trustful than any other form of business
In actual terms, a public limited company is created only when someone plans massively for setting up a manufacturing plant, starting IT infrastructure etc. usually, people choose private Limited Company and a public limited company is not very much preferred. However, if you are planning big and are serious, the public limited company is always chosen.
Some of the examples of a Public Limited company are TATA Steel Limited and Reliance Communications Limited.
Public limited Company incorporation is done with the help of an entirely different procedure, which is done with the help of SPICE e form. The incorporation procedure is as under:
Applying for Digital Signatures
Applying for Director Identification Number (DIN)
After this, we apply for Name approval of your choice
Following this, we apply for incorporation via SPICE e form in the end.
Further, as per the newly formed provisions, PAN and TAN are automatically provided on company incorporation
There is no least capital requirement for a public limited company incorporated in India. before it was 5 lakh, however, in order to provide an easy access to business in India, the need for minimum capital for a Public company is withdrawn.