Registration of Public Limited Company
Public Limited companies are entities that trade their stocks on the public exchange market. Public / Investors can become shareholders in a public company by purchasing shares of the company’s stock.
Overview
Difference between Public Limited Company and Private Limited Company
| Point of Difference | Public Limited Company | Private Limited Company |
|---|---|---|
| Minimum Members | A minimum of seven members are required to incorporate a Public LTD Company | A minimum of two members are needed to incorporate a Private LTD Company |
| Minimum directors | A minimum of three directors are required to incorporate a Public LTD Company | A minimum of two directors are required to incorporate a Private LTD Company |
| Maximum members | Unlimited | A maximum of two-hundred members are required to incorporate a Private LTD Company |
| Minimum capital | No, minimum amount is required as the Minimum Capital | No, minimum amount is required as the Minimum Capital |
| Invitation to Public | Yes | No |
| Issue of Prospectus | Yes | No |
| The Quorum at Annual General Meeting | Five members | Two members |
| Certificate for the Commencement of Business | Yes | No |
| Suffix used at the end of name | Limited | Private limited |
| Managerial Remuneration | No restriction | Cannot exceed more than 11% of the Net Profits |
| Statutory meeting (mandatory) | Yes, conducting a Statutory Meeting is compulsory for a Public LTD Company | No, conducting a Statutory Meeting is not compulsory for a Public LTD Company |
Why to Register a Public Limited Company?
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Quick share Transfer.
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Borrowing capital.
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Listing shares on exchange.
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Limited Liability.
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Separate Legal Entity.
Public limited company is suggested for large scale of business that require big investment and capital. Public limited company registered under companies Act 2013. Public limited company should have minimum seven members and there is no limit for maximum number of members of shareholders, And Minimum three Directors And maximum fifty Directors in company with minimum Paid-up capital of 5 Lakh.
Documents Checklist
Documents required for incorporation of Section 8 companies.
1. Documents required for Incorporating Section 8 Company is as follow:
2. ID proof of proposed Directors and members (anyone):
3. Address proof of proposed members and directors (anyone):
4. Address proof for the principal place of business of the proposed company (anyone)
Procedure for Registration of Public Limited Company.
- Fill the application and Submit to our executive with proper Documents and Make payment.
- Company Name Approval within 3 working days.
- Making Digital Signature certificate for director 1 working days.
- Documents preparing for incorporation within 2 days.
- Applying for company incorporation 8 days.
- Congratulations, your PLC has been incorporated.
Benefits
Benefits of Public Limited Company
There are various benefits for Benefits of Public Limited Company some important benefits are mentioned below.
A. Ability to raise funds by selling stock.
The best advantage of a public limited company is to raise capital by selling their stock of companies to the public.
B. Limited liability of shareholder
In a public limited company the liabilities of shareholder and Director is the extent of the share that they hold in the company. In case if a company suffers from any financial losses then the personal assets of director and shareholder will not be snatched by Bank or creditors.
C. Separate Legal entity
Shareholders and Directors of a company can be changed but the existence of a Public limited company always remains the same.
D. Easy Transferability of shares
The shares in a public limited company is easily transferable through the shares of a public limited company that is always listed in stock exchange. In public limited company shareholders are not bound to remain as investors in companies which attract investors to invest more in public limited companies.
E. Maintain Transparency
Though it’s public limited company and carries the investment of public, the public limited company publishes the statutory report of and accurate information of financial position of company.
F. Maintain the Brand position
Registered as a public company it’s maintain the brand position of company. Even listing the shares of company in stock exchange enhance the brand goodwill in market.
Packages
Choose your package & proceed to pay
| BASIC | STANDARD | PREMIUM |
|---|---|---|
| 3 DSC 2 Years validity | 3 DSC 2 Years validity | 3 DSC 2 Years validity |
| 3 DIN Number for Director | 3 DIN Number for Director | 3 DIN Number for Director |
| Name Approval for company | Name Approval for company | Name Approval for company |
| Authorized capital of 10 Lakh | Authorized capital of 10 Lakh | Authorized capital of 10 Lakh |
| Incorporation fees | Incorporation fees | Incorporation fees |
| PAN And TAN of Company | PAN And TAN of Company | PAN And TAN of Company |
| Incorporation KIT | Incorporation KIT | Incorporation KIT |
| Goods And Service Tax (GST) | Goods And Service Tax (GST) | |
| Udyam Registration | Udyam Registration | |
| Import Export code (IEC) | ||
| ISO Certification 3 Years Validity | ||
| Rs. 8999 | Rs. 10999 | Rs. 14999 |
Process
Get the process done in 5 Easy Steps
FAQ's
Answer: Minimum seven shareholders are required for registration of public limited.
Answer: Minimum 3 directors are required for registration of Limited company.
Answer: A Natural person with above age of 18 apart from these there is no criteria of residency or citizenship a foreign citizen can also be a director in public limited company.
Answer: You can start you limited company with any amount; stamp duty on 5 lakh of authorized capital is to be paid for registration of company.
Answer: Documents for Registered office address for public limited company is required where all the books of account can be kept for inspection and receiving communication from MCA and other departments.
Answer: No. Public limited company is 100% online process. You will just have to submit documents and details for registration of public limited company.
Answer: Registration of public limited company in India takes 15 to 20 days.
Answer: Private Limited Company is being listed in stock exchange and where the public limited company has is listed in stock Exchange where securities can be traded publically.
Answer: In Public Limited Company shareholder or members of company are considered has owner of company.
Answer: The Public Limited Company can be Voluntary Liquidation and winding up by tribunal.
Answer: AOA in public Limited company stands for Article of Association. The AOA in public limited company defines by law, rules and regulations within internal constitution of the said company.
Answer: MOA in Public Limited Company stands for Memorandum of Association. The MOA in Public Limited Company shows the mission, vision and objectives of the company.
Answer: A CIN Number is a 21 Digit Unique Number Issued to Public Limited Company By Registrar of companies.
Answer: Yes, we can change or Registered office address after Registration.
Answer: A Certificate of Incorporation issued by Registrar of company and its valid till lifetime.
