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Public Limited Company Registration

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Required Documents

Description of proposed business activity

4 proposed names for company in order of preference

Authorized and Paid up capital & sharing proportion of subscribers

DIN (Director Identification numbers) of all directors

DSC (Digital Signature) of all directors and subscribers

Self attested PAN Card copy of directors and subscribers- (in case of foreign director, all documents to be notarized/apostle)

Self attested ID Proofs of all directors & subscribers (Driving License/Voter ID/ Passport)

Self attested address proof of directors & subscribers (Utility Bill/ Bank Statement/ Bank passbook copy)

Passport size color photo of directors in JPEG format

NOC from owner of premises or Rent/Lease agreement (if leased/rented)

Utility bill in name of owner not older than 2 months

Occupation and educational qualification, place of birth and nationality

Duration of stay at present residential address of directors and subscribers

Mobile no. and email id of directors and subscribers

What we will deliver

DIN for 3 directors

DSC of 7 directors/ subscribers

Name approval of company- RUN WEB FORM/ SPICe+

Memorandum of Association/ Article of Association of Company (e-MOA/e-AOA)

Certificate of Incorporation

Mandatory PAN of Company (e-PAN Card)

Mandatory TAN of Company (e-TAN letter)

Mandatory ESIC/EPFO Registration (using new SPICe+ form)

Professional Tax Registration (in case of Maharasthra)

Mandatory Opening of Bank Account

GST Registration (if required)

Shop and Establishment Registration (Chargeable separately)

WHAT IS A PUBLIC LIMITED COMPANY???

A Public Limited Company is an artificial body which can be incorporated as per the provisions of Companies Act 2013 and rules therein. A Public Limited Company is a company that has limited liability and can offer its shares to the general public.

In India, a public Limited Company can be registered with a minimum of 7 shareholders (also known as subscribers). Such subscribers may be individual or corporate entities. There is no cap on maximum number of shareholders which provides a public limited company in raising share capital to any extent. After amendment in Companies Act, 2013, there is no minimum capital limit now.

There is a requirement of minimum 3 directors who are individuals. At least one of such directors must be a resident Indian. Maximum number of directors is 15 which may be increased by passing a special resolution. Both the directors and subscribers need not be the same person.

Eligibility Criteria

Minimum 3 director, Maximum 15

Minimum seven shareholders

Director and Shareholders may or may not be the same persons

One Director must be an Resident Indian

Minimum capital requirement is NIL

DIN of the directors

Digital Signature of subscribers and directors

Why you must form a Public Limited Company Registration

Limited Liability

Shareholder’s liability is limited to the amount of capital invested by them.

Separate Legal Entity

It’s a legal entity which is considered distinct from its shareholders and directors. As such, it can own assets and liabilities in its own name.

No Capital limitations

Public Limited Company can take funds from general public as such it is suitable in case of capital intensive businesses where fund requirements is huge.

Freely transferable

Shares of a public limited company can be traded freely by the shareholders as such preferred by both retail and institutional investors for investment, due to easy availability and transferability of shares.

Required Documents

Description of proposed business activity

4 proposed names for company in order of preference

Authorized and Paid up capital & sharing proportion of subscribers

DIN (Director Identification numbers) of all directors

DSC (Digital Signature) of all directors and subscribers

Self attested PAN Card copy of directors and subscribers- (in case of foreign director, all documents to be notarized/apostle)

Self attested ID Proofs of all directors & subscribers (Driving License/Voter ID/ Passport)

Self attested address proof of directors & subscribers (Utility Bill/ Bank Statement/ Bank passbook copy)

Passport size color photo of directors in JPEG format

NOC from owner of premises or Rent/Lease agreement (if leased/rented)

Utility bill in name of owner not older than 2 months

Occupation and educational qualification, place of birth and nationality

Duration of stay at present residential address of directors and subscribers

Mobile no. and email id of directors and subscribers

Step by Step Procedure of Public Limited Company Registration

Step 1

Verification of documents provided by you

Step 2

Application for Name Approval (online RUN WEB Application on MCA Portal)

Step 3

Obtaining DSC (Class-2) and DIN as required above. However, in new companies DIN can be obtained within SPICe + facility for upto 3 directors

Step 4

Incorporation of company along with filing of e-MOA and e-AOA

Step 5

Providing you Certificate of Incorporation

Step 6

Filing of Commencement of business certificate after 180 days (separately chargeable)

What we will deliver

DIN for 3 directors

DSC of 7 directors/ subscribers

Name approval of company- RUN WEB FORM/ SPICe+

Memorandum of Association/ Article of Association of Company (e-MOA/e-AOA)

Certificate of Incorporation

Mandatory PAN of Company (e-PAN Card)

Mandatory TAN of Company (e-TAN letter)

Mandatory ESIC/EPFO Registration (using new SPICe+ form)

Professional Tax Registration (in case of Maharasthra)

Mandatory Opening of Bank Account

GST Registration (if required)

Shop and Establishment Registration (Chargeable separately)

Frequently Asked Question

What is Corporate Identification Number?

On Incorporation of a company, CIN is allotted to a company by Ministry of Corporate Affairs, Government of India. CIN is a 21-digit number which contains the information such as status of the company i.e. whether listed/ unlisted, NIC code of business activity, state of registration, year of registration, private or public and the sequential registration number in the respective state.

What are the types of company registration in India?

There are various forms of company registration in India:

  • Private limited company
  • Public limited company
  • Limited liability Partnership
  • One person company
  • Nidhi Company
  • Producer Company
  • Section-8 Company

What is Authorized Share Capital?

Authorized Share Capital of a company represents the maximum limit of capital that a company is authorized to issue in form of shares and collects money from shareholders. Registration Fees for a company is calculated and paid to ROC on the basis of amount of Authorized Capital. Fee structure is provided on the site of MCA.

What is Paid up Capital?

Paid up capital of a company means the amount of capital actually brought in by the shareholders in the company. Now, there is no minimum paid up capital requirements.

What is Director Identification Number?

DIN is a unique identification number issued by Ministry of Corporate Affairs to Director of a company or Designated Partners of an LLP. For obtaining DIN, an online application has to be submitted to MCA with self attested copy of ID and Address Proof of the Applicant and a declaration by the applicant. DIN of maximum 3 directors is allotted along with the incorporation process as per new incorporation forms.

What is Digital Signature Certificate?

Digital Signature Certificate (DSC) is a electronic signing mechanism for documents. Digital signature certificates are used by programs on the Internet and local machines to confirm the identity of a third party. DSC of all the directors and subscribers are required in the process of company incorporation.

What is Memorandum of Association (MOA)?

MOA is the document on the basis of which a company is registered. Memorandum of Association contains the following details about the company as below:-

  • Name of the company
  • State in which the registered office of the company shall be situated
  • Objectives of the company
  • Authorized Capital of the company

MOA shall be subscribed by atleast 7 shareholders initially using DSC. Further, they shall agree to subscribe the number of shares they will subscribe in the company.

Who can become a director in a company?

Any individual who has attained the age of 18 years cam become a director in a company after obtaining DIN. Even a foreign national can also become a director in an Indian company.

Can a company be registered at residential place?

Yes, there is no restriction regarding the place where a company can be registered. Only requirement is that you must be having valid address proof in respect of such address and proper NOC from the owner/ Rent Deed.

What is the time limit of depositing share capital at the time of company incorporation?

The subscribers to MOA need to deposit share capital to the bank account of the company within 2 months from the date of incorporation.

What care should be taken for selecting the name of company?

  • The proposed name of the company shall not be identical with or resemble too nearly to the name of an existing company.
  • A company shall not be registered with a name which gives an impression that it has a patronage of Central or State Government or local authority.
  • The name should not contain the name of a registered trademark unless you are the owner or permission of its owner is obtained.

What is SPICe+ Form?

SPICe + forms have been brought into effect from 15th February, 2020 for Company Registration in India. It is an advanced version of SPICe. SPICe+ connects 3 central ministries and provides 10 services on a single platform.

Documents Required

Documents Required

  • Description of proposed business activity 
  • 4 proposed names for company in order of preference
  • Authorized and Paid up capital & sharing proportion of subscribers
  • DIN (Director Identification numbers) of all directors
  • DSC (Digital Signature) of all directors and subscribers
  • Self attested PAN Card copy of directors and subscribers
  • Self attested ID Proofs of all directors & subscribers (Driving License/Voter ID/ Passport)
  • Self attested address proof of directors & subscribers (Utility Bill/ Bank Statement/ Bank passbook copy)
  • Passport size color photo of directors in JPEG format

Note: In case of foreign director, all documents to be notarized/apostle in home country

Documents for proposed registered office:

  • NOC from owner of premises or
  • Rent/ Lease agreement (if leased/ rented)
  • Utility bill in name of owner not older than 2 months

Other Info. Of directors & subscribers:

  • Occupation and educational qualification, place of birth and nationality
  • Duration of stay at present residential address of directors and subscribers
  • Mobile no. and email id of directors and subscribers

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