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Public Limited Company

Under the Companies Act 2013, a public limited company is one that has limited liability and sells shares to the general public.A Public Limited Company is governed by tight rules and is obligated to disclose its genuine financial condition to its shareholders.

A public limited company is the most common type of business in India. A public limited company is one that is listed on a stock exchange and has its shares/stocks publicly traded. A public limited company is a major corporation founded to raise funds from the general public through an initial public offering (IPO). A limited liability corporation that has offered shares to the general public and has limited liability is known as a public limited company (PLC).

The following is the procedure for creating a public limited company

Obtain a digital signature certificate (DSC)

Because a company's registration is completed entirely online, a digital signature is required when submitting E-form to the MCA portal.

Director Identification Number (DIN)

A director's unique identity must be obtained by anyone interested in becoming a company director. The company registration form must include the proposed director's DIN and proof of their name and residence.

The MCA Portal requires registration.

To register for company registration, fill out the SPICe+ form and submit it to the MCA portal with appropriate paperwork.

Certificate of Incorporation

When the registration application is filed with the appropriate papers, the Registrar of Companies will examine it. When the public company is formed, ROC will issue the Certificate of Incorporation.

Documents Required

  • Passport Size Photograph.
  • PAN Card.
  • ID Proof (any one).
  • Aadhar Card/Voter ID /Driving License /Passport.
  • Address Proof.

Documents for Registered Office Address

  • If Property Owned by Directors /Shareholder.
  • Sale Deed of Property.
  • NOC from the Owner (format given by our company).

If Rented Property

  • Rent Agreement.
  • NOC from the Owner (format given by our company).

Any one Document Require from Below

  • Electricity Bill / Telephone Bill / Mobile Bill.

Advantages of Public Limited Company

More capital

A public limited company's shares are available to the general public, which means that anyone can invest in it. As a result, the company's capital improves.

Paying more attention

If the company is listed on a stock exchange, it ensures that mutual funds, other investment companies, and other traders know its operations. This may provide the Public Limited Company with more commercial opportunities.

Risk-spreading

Because the shares are sold to the general public, the market's unsystematic risk is distributed out.

Opportunities for growth and expansion

Because there is less risk, there is an excellent possibility for the business to grow and expand by investing in new projects using the money acquired through shares issue to general public.

Registration requirements for a public limited company

  • The public limited company should have at least 7 shareholders.
  • At least three directors are required.
  • The minimal share capital of Rs. 5 lakhs is necessary.
  • When submitting copies of identity and address proof, one of the directors' digital signature certificates (DSC) is required.
  • The proposed company's directors will require a DIN.
  • For the name of the company to be chosen, an application must be submitted.
  • It is necessary to submit an application that includes the company's principal object clause. This object clause will specify what a business will do after it is formed.
  • The application must be submitted to the ROC along with the appropriate documents such as the MOA, AOA, and duly filed Form DIR – 12, Form INC – 7, and Form INC – 22.
  • The prescribed registration fees must be paid to the ROC.
  • The company should apply for a 'certificate of business beginning' after receiving clearance from the ROC.

What You Get from Us

1. Incorporation Certificate

2. MOA & AOA

3. Company PAN Card

4. Company TAN/TDS Number

5. PF & ESIC Registration

6. Master File of Incorporation

7. DIN Number of Directors

8. DSC

Plans

Rs. 3999 (Excluding Gov. Fee)

Starter

  • 7 DSC (2 Years Validity)
  • 3 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • Expert Support
Rs. 4399 (Excluding Gov. Fee)

Plus

  • 7 DSC (2 Years Validity)
  • 3 DIN
  • Company Name Approval
  • MCA Filing Fee
  • PAN & TAN Number
  • PF & ESI Registration
  • GST Registration
  • Expert Support

FAQ's

No, you will not be required to attend in person at our office or any other office to form a Public Limited Company. All documents can be digitized and sent to our office via email. Some records will need to be delivered to our office by courier.

To issue shares in a company, companies must pay prescribed fees to the government all authorized share capital. A company's authorized capital is the maximum number of shares it can give to its shareholders. Companies must spend a minimum of Rs.5 lakhs in the permitted capital fee.

Incorporation has various advantages, including limited liability protection, transferability, borrowing capacity, and more. While the downsides of a Public Limited Company include the fact that it is difficult to incorporate, several legal formalities, a lack of confidentiality, and numerous regulatory obligations.

It normally takes 10-15working days after submission of all necessary documents.

The public company can be listed on a recognized stock exchange and its securities are traded publicly. A private company is not listed on a stock exchange and its shares held by its members