Public Limited Company Registration
Incorporating a Public Company will provide you security & enjoys far more credibility than other business forms.
Online Public Limited Company Registration in India Starting at just Rs. 10,999/-
Public limited companies enjoy all the rights of a corporate entity with limited liabilities and it is an ideal choice for the small and medium scale enterprises who wish to raise the equity capital from the general public.
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Limited Liabilities For The Shareholders Of The Company
Shareholders of the public company enjoy the benefits of limited liabilities under which their assets are safe and cannot be used to clear the debts and losses of the company. Despite of it, the shareholders are responsible for their own legal offenses. All the members, directors and shareholders enjoy this right and their assets cannot be seized by any bank, creditors or government bodies.
Perpetual Succession
A public limited company is considered as a corporate body that has perpetual succession. Means in case of death, retirement, insanity, and insolvency of one or more members/ shareholder/ directors, the company still continue its existence.
Improved Capital Of The Company
In a public limited company, the general public is invited to buy the shares of the company. Hence, anyone can invest in a public company that improves the capital of the proposed company.
Borrowing Capacity
A public company can enjoy unlimited sources for borrowing funds. It can issue equity, debentures and can accept the deposits from the general public by selling its shares. Moreover, most of the financial institutions find public companies more prominent than other unregistered companies.
Fewer Risks
Since public companies can sell their shares to the public, it lesser the scope of unsystematic risks of the market.
Better Opportunities For Growth And Expansion Of The Company
Fewer risks lead to better opportunities so that the company can grow and expand by investing in new projects from the funds raised by selling its shares in the market.
Documents Required for Public Limited Company Registration
- Identity Proof such as Aadhar card, PAN card, Driving License, Voter Id of all the designated directors and shareholders.
- Address Proof of all the proposed directors and shareholder of the company.
- PAN card details of all the directors and shareholders
- Utility bill such as telephone, gas, water or electricity bill of the registered office as a residential proof of the business place. It should not be older than 2 months.
- An NOC or No Objection Certificate from the landlord of the business place.
- DSC or Digital Signature Certificate of the designated directors
- Memorandum of Association (MOA) and Article of Association (AOA)
Step 1: Apply For The Digital Signature Certificate
First of all, you have to apply for the Digital Signature Certificate for all the proposed directors in the company. DSC is used to sign the e-forms and is an authentic and safe method to file all the documents on an electronic platform. It is a mandatory document.
A director can easily obtain DSC from the nearest Certifying Authorities or CAs with self-attested coppices of their identity proof. It takes around 1 -3 working days to obtain a DSC.
Step 2: Name Verification
The third step involves name registration of the company. You can check the name availability through the MCA portal by following this step
Visit the MCA Portal> select the MCA services> Click Check Company Name
Note: The company name should not be taken or registered and should not be similar to a brand name.
Step 3: Filing Form SPICe+
Once the company’s name has been approved you can now file the SPICe+ form to avail the company incorporation certificate. Along with it, you have to file all the required documents such as MOA (Memorandum of Association) and AOA (Article of Association). These two documents contain the details of the mission, objectives, aims, visions, business activities, responsibilities of all the directors and shareholders and definition of the proposed company.
All the documents and applications are further verified by the higher authorities and it takes around 7 to 9 working days.
Step 4: Obtaining Certificate Of Incorporation
Once all the applications and document to have been received to the authorities and they have verified it, the company would receive the Certificate of Incorporation which will include CIN and date of incorporation.
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1. What are AOA and MOA?
AOA is abbreviated as the Article of Association. It defines the internal constitution of the company while MOA (Memorandum of Association) represents the mission, vision, and business object of the company before its incorporation. -
2. What are DSC and DIN?
DSC is abbreviated as the Digital Signature Certificate, which is issued by the certifying authority to sign the electronic documents. DIN is the Director Identification Number which is allocated along with the Certificate of Incorporation through SPICe+ form. -
3. How many days does it take to register a public limited company?
It generally takes 15 business days to register a public limited Company.. -
4. What is the validity of the Public Limited Company Registration?
The registration is valid throughout the life of a company. -
5. Which form of Company is the best option for entrepreneurs who has larger investment requirement?
Public Limited Company is the best option for entrepreneurs who concedes larger investment requirements for the business. -
6. Are the assets of Directors of Public Company safe in case of any lose?
In case of any losses, only the investment in shares of the business gets lost in virtue of Public limited company, where personal assets of the directors are meant to be safe. -
7. Can Public Limited Company raise capital from Stock Market?
Any Public Limited company can list itself in a variety of stock exchanges in India and raise capital from stock market itself. -
8. Are there any Primary Requirements to set up a Public Limited Company in India?
For setting up a public limited company anywhere in India, there are a lot of primary requirements which are needed to be taken care of while optioning for the Registration of the same. Kindly refer the above mentioned text for your better understanding and knowledge. -
9. Are there any requirements for minimum paid up capital to set up Public Company Registration?
The primary requirement of the minimum paid-up share capital worth INR 5 Lac has been repealed by the famous amendment done via Companies (Amendment) Act, 2015. -
10. What are the Liabilities of Public Limited Company in India?
Public limited company has to deal with heavy compliances strictly as they generally deal with public money, which are bulkier than those performed by a private limited company in India. There are much periodic & annual compliance to be made by a public limited company with ROC/MCA, RBI, SEBI, etc apart from the regular compliances concerned with income tax. These regulatory authoritative liabilities are in addition to promote and secure steadily along with the welfare and profits of all shareholders of the public limited company in India.
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