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Public Limited Company Registration

What is Public Limited Company Registration?

Public Limited Companies are those types of companies where minimum number of members is 7 and Minimum Directors are three and no restriction on maximum number of Members. A public limited company Registration has the limited liability of members. Register a public limited company has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greatest stability and legal entity.

A Public limited company Registration grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors this is beneficial in raising capital. A minimum of three Directors are required for Registering a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company.

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Advantages of Public Limited Company Registration

  • Public Limited company has limited liability for the shareholders.
  • Organisation has separate legal entity. There will be continuity even if any of the shareholders die.
  • The shares of the business are freely transferable providing more liquidity to its shareholders.
  • These businesses can raise large capital sum as there is no limit to the number of shareholders. Eg. Public Issue
Disadvantages of Public Limited Company Registration
  • There are lot of legal formalities required for forming a public limited company. It is costly and time consuming.
  • In order to protect the interest of the ordinary investor there are strict controls and regulations to comply. These companies have to publish their accounts.
  • The original owners may lose control.
  • Public Limited companies are huge in size and may face management problems such as slow decision making and industrial relations problems.

Eligibility / Requirement for Registration of Public Limited Company

  • Minimum Seven person is needed to become the shareholder of the company.
  • No minimum capital is prescribed, it must be based on the business requirements.
  • One director of the company must be resident in India.
  • • Name of the company should be unique.
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Special privileges of a Private Limited company registration Over Public Limited Company Registration

Company Unlike a private a public company is subject to a number of regulations and restrictions as per the requirements of Companies Act, 1956. It is done to safeguard the interests of investors/shareholders of the public company. These privileges can be studied as follows:

  • A private company may be formed with only two persons as member.
  • It may commence allotment of shares even before the minimum subscription is subscribed for or paid.
  • It is not required to either issue a prospectus to the public of file statement in lieu of a prospectus
  • Restrictions imposed on public companies regarding further issue of capital do not apply on private companies
  • It need not keep an index of members
  • It can commence its business after obtaining a certificate of incorporation.
  • A certificate of commencement of business is not required.
  • It need not hold statutory meeting or file a statutory report
  • Unless the articles provide for a larger number, only two persons personally present shall form the quorum in case of a private company, while at least five member personally present form the quorum in case of a public company
  • A director is not required to file consent to act as such with the Registrar. Similarly, the provisions of the Act regarding undertaking to take up qualification shares and pay for them are not applicable to directors of a private companies
  • It need not have more than two directors, while a public company must have at least three directors
  • Privileges available to an independent private company (i.e. one which is not a subsidiary of a public company)

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Benefits of Private Limited Company Registrations

There are Various Benefits of Public Limited Company Registration such as Limited Liability, Perpetual Succession, Easy Transferability, Easy to Make, Dual Relationship , Increased borrowing Capacity, First Preference for Startups (Startup Registration) as it helps in Funding, ESOP etc . Registering a Public Limited Company also helps in Marketing as Client is Visible on MCA Site.

Limited Liability

Liability of each member or shareholder of a private limited company is limited that means in case of any lose to company Personal assets of the members are not not lliable to the loss. So the personal property of the shareholder is not at risk.

Perpetual Succession

Company is a separate legal entity and a juristic person. Its identity is separate from its owners. Company keeps on going whether its owners changes due to death, insolvency or any other reason. As it is independent legal entity, means it is able to sue or own assets own company name.

Easy Transferability

Shares can be easily transferable from one person to another, So ownership can be transfer through sale or transfer of shares.

Easy To Make

It is very easy to make with less legal fees. Now a days company registrations is a easy process.It is now very fast process.

Dual relationship

This form of organisation helps to have contract with any of its members.At the same time a member can be Shareholder, director, employee, creditor of the company.

Increased Borrowing Capacity

Start a company is better it helps in better borrowing capacity as compared to other forms. Banking institutions prefer to lend funds to private as compared to other form of business.

Our Packages

Basic

Rs 39,999/- All Inclusive/-

  • Company Registration
    DSC
    DIN
    Name Approval
    Certificate of Incorporation
    MOA/AOA
    PAN
    TAN
    Share Certificate
    Company Seal

Standard

Rs 45,999/- All Inclusive

  • Company Registration
    DSC
    DIN
    Name Approval
    Certificate of Incorporation
    MOA/AOA
    PAN
    TAN
    Share Certificate
    Company Seal
    Trademark Registration

Premium

Rs 59,999/- All Inclusive

  • Company Registration
    DSC
    DIN
    Name Approval
    Certificate of Incorporation
    MOA/AOA
    PAN
    TAN
    Share Certificate
    Company Seal
    One Year Annual Filling

Package Includes

DSC OF 3 DIRECTORS
DIN OF 3 DIRECTORS
INCORPORATION CERTIFICATE
MOA & AOA
COMPANY NAME APPROVAL CERTIFICATE
COMPANY STAMP, PAN & TAN REGISTRATION
FREE FILLING OF AUDITOR ADDITION FORM ADT-1
ASSISTANCE IN OPENING CURRENT ACCOUNT IN BANK
 

Steps/Process

Step 1

Incorporation Documents

Incorporation Documents are prepared and sent for Signatures.

Step 2

Apply for Digital Signatures

Once ID proofs and signed documents are received, Digital Signature is applied for Directors

Step 3

Apply For DIN

After DSC, application is filed with MCA for getting the DIN Number

Step 4

Incorporation Form Spice

Incorporation Application is prepared and filed with ROC

Step 5

Incorporation Certificate

MCA check and Approves the Incorporation Application.

Step 6

PAN and TAN

Permanent Account Number (PAN) is applied based on Incorporation Certificate after that TAN number is applied Once we receive copy of PAN card

Documents Required for Pvt. Ltd. Company Registration

Self certified copy of PAN card of all Directors - 2 Copies
Four color passport size photograph of each Director
Copy of any utility bill or bank statement in the name of Directors
Mobile & Email of all Directors, 2-3 proposed Name & Objects of Company
Copy of Business proof of premises where company will be registered
Self certified copy of address proof of all Directors - 2 copies, Anyone of Passport/Voter ID/Driving Lincense/Aadhar Card
Incase of rented premises - Rent agreement + Latest electricity bill in the name of landlord + NOC
Incase of owned premises - Copy of sale Deed + Latest electricity bill in the name of owner

FAQ

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