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 DifferencePublic Limited CompanyPrivate Limited Company
Minimum MembersA minimum of seven members are required to incorporate a Public LTD CompanyA minimum of two members are needed to incorporate a Private LTD Company
Minimum directorsA minimum of three directors are required to incorporate a Public LTD CompanyA minimum of two directors are required to incorporate a Private LTD Company
Maximum membersUnlimited A maximum of two-hundred members are required to incorporate a Private LTD Company
Minimum capitalNo, minimum amount is required as the Minimum CapitalNo, minimum amount is required as the Minimum Capital
Invitation to PublicYesNo
Issue of ProspectusYesNo
The Quorum at Annual General MeetingFive membersTwo members
Certificate for the Commencement of BusinessYesNo
Suffix used at the end of nameLimitedPrivate limited
Managerial RemunerationNo restrictionCannot exceed more than 11% of the Net Profits
Statutory meeting (mandatory)Yes, conducting a Statutory Meeting is compulsory for a Public LTD CompanyNo, conducting a Statutory Meeting is not compulsory for a Public LTD Company

Why to Register a Public Limited Company?

  1. Quick share Transfer.

  2. Borrowing capital.

  3. Listing shares on exchange.

  4. Limited Liability.

  5. 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:

  • PAN card self-Attested copy
  • Aadhar card self-Attested copy
  • Photograph of the proposed director

2. ID proof of proposed Directors and members (anyone):

  • Passport self-Attested copy
  • Voter’s ID self-Attested copy
  • Driving License self-Attested copy

3. Address proof of proposed members and directors (anyone):

  • Telephone bill
  • Mobile Bill
  • Bank statement
  • Electricity bill

4. Address proof for the principal place of business of the proposed company (anyone)

  • Utility bill like telephone bill, electricity bill, gas bill, water bill
  • Rent agreement with rent slip
  • Proof of ownership.

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

BASICSTANDARDPREMIUM
3 DSC 2 Years validity 3 DSC 2 Years validity3 DSC 2 Years validity
3 DIN Number for Director3 DIN Number for Director3 DIN Number for Director
Name Approval for companyName Approval for companyName Approval for company
Authorized capital of 10 LakhAuthorized capital of 10 LakhAuthorized capital of 10 Lakh
Incorporation feesIncorporation feesIncorporation fees
PAN And TAN of CompanyPAN And TAN of CompanyPAN And TAN of Company
Incorporation KITIncorporation KITIncorporation KIT
Goods And Service Tax (GST)Goods And Service Tax (GST)
Udyam RegistrationUdyam Registration
Import Export code (IEC)
ISO Certification 3 Years Validity
Rs. 8999Rs. 10999Rs. 14999

Process

Get the process done in 5 Easy Steps

1. Choose the package and fill the form.

2. Make Payment

3. Our Executive will get in touch with you and verify the details.

4. Filing the Application to concern department

5. Congratulations your Work is complete

FAQ's

1. How many shareholders are required for registration of public limited company?

Answer: Minimum seven shareholders are required for registration of public limited.

2. How many directors are required for registration of Limited Company?

Answer: Minimum 3 directors are required for registration of Limited company.

3. What are required for being directors in 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.

4. What is capital required for registration of 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.

5. Is an office required for Limited 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.

6. Will I have to be present at the time of Public limited company registration?

Answer: No. Public limited company is 100% online process. You will just have to submit documents and details for registration of public limited company.

7. How long does it take to incorporate limited company?

Answer: Registration of public limited company in India takes 15 to 20 days.

8. What is different Private limited company and public limited company?

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.

9. Who is owner of Public limited Company?

Answer: In Public Limited Company shareholder or members of company are considered has owner of company.

10. What are modes of dissolving Public LTD Company?

Answer: The Public Limited Company can be Voluntary Liquidation and winding up by tribunal.

11. What is AOA?

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.

12. What is MOA?

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.

13. What is CIN Number in Public Limited Company?

Answer: A CIN Number is a 21 Digit Unique Number Issued to Public Limited Company By Registrar of companies.

14. Can we Change our registered office after Public Limited Company Registration?

Answer: Yes, we can change or Registered office address after Registration.

15. What is Validity of Certificate of Incorporation?

Answer: A Certificate of Incorporation issued by Registrar of company and its valid till lifetime.

Still have questions? Ask an expert for help

Call us at+91-7738877316

Email us support@setupfilings.com

Call us at+91-7738877316

Email us support@setupfilings.com