Public limited company invites public participation either in the form of share capital or in the form of deposit. Large business organisation requires huge capital for their business; they can raise funds from the public through public issues. Public limited companies can be listed in the stock exchange to raise the capital of the company. Minimum seven persons is required to form a public limited company. Solubilis provide public limited company registration in all over India. Solubilis make your registration process as easy and simple and completed on time. We are the prominent service provider with the specialist in the functional area.
Characteristics of public limited company registration:
Liability of the members of public limited company is limited to the extent of their capital.
Public limited company invites deposit from the public, public can participate in the equity
Public limited company has a perpetual succession and long term existence
Company under the control of the board of directors, minimum number of directors is 3 and maximum number is 15
Shares of the company will be transferable from one person to another person
Should mention the suffix of the company name as “Limited”.
Minimum three directors and seven shareholders required
Proposed company is required to have registered office.
A minimum paid-up capital of Rs 5 lakh is required
Every subscriber and Directors required to have a DSC (Digital Signature Certificate)
Every Directors required to have a DIN (Director Identification Number)
Proposed director & Shareholder - Indian Citizen:
Proof for Address – Bank Statement or Telephone Bill or EB or Mobile Bill (Latest)
Passport Size Photo.
Proposed director & Shareholder - Foreign National:
A Copy of Passport ( Notary and Apostille is required )
A copy of address proof ( Notary and Apostille is required )
A copy of nationality proof ( Notary and Apostille is required )
Two passport size photo
Register Office documents:
If the Office is rental, rental agreement is inevitable
Electricity bill (Not more than two months old required to be submitted)
Occupant needs to provide a No Objection Certificate from landlord to operate the business (NOC) if not rented.
Step 1: Name application:
An application is filed to be reserving the name of the company with the registrar of companies. Applicant is allowed to provide two names and one re-submission.
Step 2: Name Approval / Rejection:
On receipt of the application, CRC (Central Registration Centre) may either approve or reject the application.
Step 3: Application for DSC
Digital Signature Certificate to be obtained for all the subscribers and directors of the company
Step 4: Preparation of MOA & AOA
Every company must draft the MOA and AOA, and it’s a mandatory to attach the digital signature certificate in both documents.
Step 5: Forms and Documents Filing:
Application for Registration of public limited is to be filed along with MOA and AOA, if any, and other requisite documents and fees.
Step 6: Certificate of Incorporation:
On being satisfied, the registrar of companies (ROC) shall issue the certificate of incorporation, will be allotted DIN (Director Identification Number), PAN – (Permanent Account Number) and TAN (Tax Deduction Account Number)
Public Limited Company is limited by shares. There is no prescribed minimal capital amount for public limited Company. For incorporation minimum three directors and maximum seven members required to form a public limited company and there is no maximum limit of members as in the case of public limited company.
There is no maximum limitation of members in public limited company. For the Business purpose the company can collect more funds, easy funding and funding resource from IPO are available. Implementing long term vision of business is possible in Public limited company. Public recognition and transparent business undertaking is greater degree.
Too many legal formality and every decision and modification following with prescribed limitation may delay the decision making is the only limitation and barrier coming with this Public Limited Company Registration.
Yes. A Public limited company can be converted into Private limited / One Person Company.
Normally registration of private limited takes 14 to 17 working days. But the processing time varies subject to the provision of documents by client and the time taken by MCA for approval.
Authorised capital is the maximum amount of equity shares that can be issued by a company. Paid up capital is the amount of shares issued by the company to shareholders / Members. There is no prescribed minimum limit of authorised and paid up capital required in order to start a private limited company. Authorised capital can be increased to any limit even after incorporation of company and Paid up capital is the value of shares allotted to the shareholders / members.