Public Limited Company Registration

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

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.

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.

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.

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.

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.

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.

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.

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

• 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.

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

• 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