Public Limited Company Registration Process
Share holders/Directors Details
- Pan card
- Aadhar card
- Passport or Voter ID or Valid Driving License
- Recent Bank statements (not older than 1 month)
- Mobile number & email id
- passport size photo.
Company Details
- Electricity bill or Telephone bill or gas bill of your office address (not older than 1 month)
- Property owner – Name & Address (to draft rental agreement)
- Two Proposed company names (To apply for name reservation)
Deliverables
- Digital signature for 2 directors
- MoA & AoA preparation
- PAN & TAN for the company
- DIN for 2 directors
- Incorporation certificate
- Name reservation fees
- Current Account Opening Support
Private Limited Company Registration in India: A Detailed Guide - Overview
What is a Public Limited Company Registration? The Companies Act 1956 provides a structural framework for all companies in India, mandating registration and classification based on their structure.
One major classification is Public Limited Companies. According to the Companies Act 2013, a Public Limited Company offers shares to the general public, thus having limited liability. Shares can be privately acquired through an Initial Public Offering (IPO) or traded on the stock market.
Benefits of Public Limited Company Registration
- Access to more capital through public shares.
- Increased investment opportunities.
- Ability to raise funds from equity shareholders, investors, and financial institutions.
- Enhanced visibility and business opportunities.
- Tradable shares for shareholders.
- Reduced liability risk for shareholders.
- Greater transparency.
Features of Public Limited Company Registration
Number of Directors: As per the Companies Act 2013, registration requires a minimum of 3 directors and a maximum of 15.
Shares & Investment: A Public Limited Company requires at least 7 shareholders and a minimum capital investment of ₹5 lakhs.
Liability: Managed by directors and owned by shareholders, a Public Limited Company must be transparent to its shareholders, who have limited liability.
Company’s Name: The company must append “Limited” to its name.
Prospectus: A prospectus must be issued to raise capital and disclose business affairs.
Applying for DSC: Obtain a Digital Signature Certificate (DSC).
Applying for DIN: Obtain Director Identification Numbers (DIN) for directors.
Reserving the Company’s Name: Ensure compliance with naming regulations.
Registration through SPICe+ Form: Submit required documents like MOA and AOA.
Certificate of Incorporation: After verification, receive approval and incorporation.
Certificate of Commencement: Apply within 180 days along with PAN and TAN.
Timeline and Fees
- Registration typically takes 10-15 days.
- Fees vary based on capital and membership.
Compliance Requirements
- Conduct Board meetings.
- Submit financial statements and annual returns.
- File income tax and GST returns.
- Submit Secretarial Audit Report as per SEBI guidelines.
FAQs
A public limited company considers its investors, members, and shareholders as its owners.
Yes, according to the law, a public limited company must comply with annual compliance requirements. Failure to do so may result in penalties for both the company and its key officials.
A public limited company is listed on the stock exchange and its shares are traded publicly. In contrast, a private limited company is neither listed on the stock exchange nor are its shares traded publicly.
The primary features of a public limited company include limited liability, separate legal entity, transferability of shares, and perpetual succession.
A private limited company can be transformed into a public limited company by filing E-form INC 27 with the Registrar. This process involves submitting various documents and following a formal procedure for the conversion.
Any natural person above the age of 18, who is solvent and competent to enter into a contract, can be a director of a public limited company. There are no citizenship restrictions either..
