Public Limited

Public Limited Company should be the preferred choice of business in India if you are planning to raise funds from the general public through Initial Public Offering (“IPO”) because public limited companies have got privileged under Securities Laws to access capital market.

Public Limited Companies in India are considered to be a more transparent business model as compared to other business structures.

It gives investors a choice of transferring their ownership in the company without any hassle by just selling the shares.

Public Limited Companies in India are a destination point for Foreign Direct Investment (“FDI”), because, under Foreign Exchange Laws, there are the areas open for public limited companies to attract foreign loans and equity participation.

A Public Limited Companies have following features:

A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.,

  • It allows a significant degree of separation between operations and ownership.
  • One can provide stock ownership or ESOPS to employees. Only Limited companies are allowed to offer this feature of distributing their stocks among current and prospective employees.
  • Only Public Limited Companies can list its shares on Indian Stock Exchanges such as National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and so on.

Only Public Limited Companies can accept Deposits from public under Companies Act, 2013.

Details
Digital Signature -
Director Identification Number -
Name Application -
Govt. Registration Fees - FOR 5 LAKH SHARE CAPITAL
Govt. Stamp Duty - FOR 5 LAKH SHARE CAPITAL
Bond Paper & Notarization - CHANGES AS PER NUMBER OF Share holder for 7 350
Pan & Tan -
Lisoning Charges -
Miscellaneous Charges -
Professional Fees -
Number Of Director - 350
Number Of Share Holder - 350
-
Waiver
Service Tax
Notes:



WHAT IS INCLUDED IN OUR PACKAGE?


    • 3 Digital Signature
    • 3 DIN (Director Identification Number)
    • Drafting of Documents
    • Notarization of Documents
    • Stamping of Documents
    • Filing of Forms
    • PAN card of Company



ADVANTAGES

SEPARATE LEGAL ENTITY
A Public Limited Company having its distinct identity from its members. A company is a separate person having its own rights & Obligations.


PERPETUAL SUCCESSION
Death, insolvency and insanity etc of any of the member does not affect the continuity of the company. Thus the life of the company does not depend upon the life of its members.

LIMITED LIABILITY
Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. It is not like a partnership firm in which member’s liability is unlimited i.e. in a company members are only liable for unpaid shares held by them and not more than that.

TRANSFERABILITY OF SHARES
The shares of a Public Limited Company are freely transferable. This makes investment in the shares liquid and an investor is not bound to remain with the company

DEMOCRATIC MANAGEMENT
Management of a company is not confined to a few persons. Shareholders can elect and remove directors. They exercise control over management in general meetings of the company.

PUBLIC CONFIDENCE
A Public Limited Company enjoys greater confidence of public because its accounts are published and it operates under statutory regulation and control. Shares of a Public Limited Company are traded on Stock Exchanges.

LARGER FUNDS
The biggest advantage of a Public Limited Company is to raise capital from the public because Public Limited companies can list its shares on stock Exchange and can also accept deposit from public at large.

TRANSPARENCEY
Management of a company is not confined to a few persons. Shareholders can elect and remove directors. They exercise control over management in general meetings of the company.

BRAND AWARENESS
A Public Limited Company enjoys greater confidence of public because its accounts are published and it operates under statutory regulation and control. Shares of a Public Limited Company are traded on Stock Exchanges.


MINIMUM REQUIREMENTS

    • Minimum 3 Directors
    • Minimum 7 Shareholders
    • At least 1 Director shall be an Indian Resident
    • Directors &; shareholders can be the same person


DOCUMENT REQUIRED

    All DIRECTORS  & SHAREHOLDERS

    • COLOR PHOTO(PASSPORT SIZE)
    • PAN Card - Self-Attested & scanned copy
    • IDENTITY PROOF (Self-Attested & scanned copy ANY 1) Driving License / Voter ID / Aadhaar Card / Passport
    • ADDRESS PROOF (Self-Attested & scanned copy ANY 1) Bank Statement / Mobile Bill / Telephone Bill / Electricity Bill

    Note:

    • Address proof should be in the name of “Applicant only”
    • Address proof should not be older than 1 Month

    FOR REGISTERED OFFICE

    • TELEPHONE BILL / ELECTRICITY BILL / GAS BILL / MOBILE BILL (ANY 1)
    • NOC  (No Objection Certificate from Owner) On Plain Paper

PROCESS FLOW


NO

STEP

(WORKING DAYS)

1

Initial Documentation

  • Discussion of Documents
  • Receipt & Checking of Required Documents
  • Signing of Required Documents

 

DEPENDS UPON TIME TAKEN BY CLIENT

2

Application of DSC ( Digital Signature Certificate) 

2 DAYS

3

Application for DIN (Director Identification Number 

1 DAY

4

Application of Name

3 DAYS

5

Drafting of MOA, AOA & other declaration

2 DAYS

6

Application of Registration of Company

7 DAYS

7

Application of PAN Card & TAN

2 Days


FAQS

In case of Public Limited Company, Minimum three (3) and Maximum Fifteen (15) numbers of directors are required. WHO CAN BECOME A DIRECTOR OF A PUBLIC LIMITED COMPANY? The Director required to be above 18 years of age and must be a natural person. He may or may not be citizen or residence of India. We can say that even a foreign nationals can be Directors in Indian Private Limited Company.
There is no minimum capital requirement is prescribed by the government. HOW MANY SHAREHOLDERS ARE REQUIRED TO INCORPORATE A PUBLIC LIMITED COMPANY? There is no limit on maximum number of member; however minimum numbers of members are Seven (7).
Digital Signature Certificate (DSC) as the name suggests it is a digital signature of an individual and it is required for filling the e-forms of company incorporation electronically to Ministry of Corporate Affairs.
The Unique Number is required to allot to an Individual which remains valid for whole life of the individual and is required to become director of any company.
• We just need to find a unique name as prefix and promoters need to provide name of the proposed company along with significance of word. • Make sure that company name is not similar to any other Private Limited,OPC, LLP or Public limited company. Also, do check If your first is not a registered trademark taken by anybody under the IP Act. • Make sure the name is not too generic to be accepted by Registrar and also, try not to use abbreviations, adjectives. • While choosing the name make sure that name should contain the objective of the business like Construction, Trading, Marketing, Technology , Engineering, Agro etc. • Finally before selecting Names it will be advisable to check on MCA Portal, MCA Guidelines and Trade Mark site the availability of Name.
MOA & AOA of the company defines all the rules and regulations and the working flow of company. It also defines everything about the company’s objects, capital, identity, goals and working pattern. After the name of the company is select the Memorandum of Association and Articles of Association of the company is required to be drafted, the last page of the MOA and AOA is known as subscriber sheet which need to be filled in by the promoters in their own hand writing including their personal details and shareholding ratio.
The Common Seal is the official signature of the company. Any documents on which Common seal is affixed, is deemed to be signed by the company.
A Company can own and enjoy property in its own name, neither the members are not owners of the company’s property and nor the members have insurable interest in the property of the company.
A Public limited company must get its statutory audit done by a Chartered Accountant at the financial year end and it also required to file Income Tax Return to Income Tax Department. In Addition to that a company also required to file its Annual Filling Forms with Registrar of Companies. Further the Public Limited Company must conduct Board Meeting atleast once in every 3 months and an Annual General Meeting, atleast once in every year and also maintain Minutes of every Board Meetings and General Meetings and Statutory Registers.
No, the company incorporation process is online. You can email / Upload the required documents.
Yes, a salaried person can become the director in private limited company, there are no legal bondages in this, but you have to go through with your employment agreement if it contains any restrictions on doing so.
To incorporate a company we required approximately 12 to 15 working days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy process of incorporation, please choose a unique name for your Company and ensure you have all the required documents are provided before starting the incorporation process.
‘Company Address’ is the address of the Registered Office of the proposed company which is used for all official communications. A temporary address is required, at the time of registration, which could be the address of any of the including Directors. Post registration process applicant has to provide the permanent business address of the registered office with all the documentary proofs of address, ownership
Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

Terms & Conditions

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