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Public Limited Company Registration

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    Public Limited Company Registration

    Abbreviated as PLC, a public limited company is a type of business structure in which a corporation offers its shares (units of ownership in the company) to the general audience. Upon successful purchase, share buyers become shareholders-who are entitled to enjoy profit margins and bear losses in a company to a limit. Thus, the name Public Limited Company.

    Features of a Public Limited Company

    • Liability of Partnership: Shareholders bear limited liabilities for the loss suffered by the corporation. 
    • Joint Liability: Shareholders do not share joint liability. 
    • Compliances: Number of compliances to be fulfilled by business owners such as ROC, Tax payment, and audit have medium difficulty. 
    • Governing Documents: The governing operations are based on an agreement. Limited number of document preparation required. 
    • Ownership & Management: The shareholders own the public limited companies and are managed by directors. 
    • Members required: Minimum 7 members and Minimum 3 directors.
    • Capital: Unlimited Fundraising.
    • Business scope: Unlimited growth and expansion opportunities

    Why Register a Public Limited Company in India?

    How to Register a Public Limited Company

    Step 1: Document Presentation: Minimum 7 members, and min. 3 directors/ DIN number/ PAN/ Identity proof etc. 

    Step 2: Apply for DSC (Digital Signature Certificate): Because a public limited company’s registration can be done online, a digital signature is typically required when submitting forms to the portal of the Ministry of Corporate Affairs. A DSC is required for all proposed directors and subscribers to the memorandum and articles of association.

    Step 3: Name Approval: The directors and promoters of the company send the proposed name for the business and it is approved by the Ministry of Corporate Affairs (MCA) after careful consideration.

    Step 4: Filling up relevant forms: Attach the following forms:

    • SPICe Part b, SPICe MOA, SPICe AOA, SPICe INC 9 Agile Pro.

    Step 5: Uploading of forms on MCA: Scan and upload the documents. 

    Step 6: Get Incorporation certificate: The MCA inspects the application based on the document submission and issues a Certificate of Incorporation of the public company.

    Documents Required To Register a Public Limited Company!

    Your Ultimate Checklist

    PAN Card

    (both shareholders and directors).

    Passport Size Photos

    (Latest photos of the Directors/Shareholders)

    Rent Contract

    (If Rented)

    NOC

    (From the Owner)

    Identity Proof

    For Directors/Shareholders Identity Proof-aadhar card/voter id/passport/Driving Licence

    Business Address Proof

    (Latest electricity bill or telephone bill of the registered office)

    Residential Proof

    For Directors/Shareholders Resident Proof-Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill

    Absolute Must-Haves While Registering a Public Limited Company?

    Business’ financial health

    Government support

    Tax payment

    Contract Management

    Office Address

    Unique Business Name

    Compliances

    Minimum Capital Availability

    Directors & Shareholders

    90% of Startups are Barely Making It. Don’t Drag Your Business. Run It. JustStart!

    Surveys indicate that around 90% of startups fail in their infancy stage, largely due to inefficient business ownership and bad financial planning. At JustStart, we plan to put you in that 10% category within the first year. We are not just a startup consulting service in India, we are your secret admirers who want to see you win. India is only second to the US in startup efforts spreading across the world. With inside knowledge of how government frameworks operate and what it takes to succeed, we help you take the lead.

    We promise to be there for you from beginning to end!

    From startup consultancy to post incorporation compliances, we will make sure your company registration goes as smoothly as you planned. We are empowered by a team of experienced professionals from diverse backgrounds, such as lawyers, chartered accountants, company secretaries, MBAs, Marketers, and young but passionate visionaries who synergise their efforts at one single place we call-Home. Here are some of the key components of our business startup consultants team:

    • To gather your business details.
    • To Understand the errors and plus points of your business idea. 
    • To Suggest you which business category suits you best
    • To Create a helpful team for you to work along. 
    • To Analyse financial lags and suggest best solutions.
    • To Help you register your company legally within no time.
    • To Help you prepare all the essential documents to avoid company registration delays.
    • To Help you connect with like minded entrepreneurs.

    Documents you receive after successful PLC registration: 

    • Corporate Identification Number (CIN)
    • Certificate of Incorporation 
    • PAN in company’s name 
    • TAN number 
    • Company Memorandums/ Articles

    Immediate Compliances Post PLC Incorporation:

    • It is mandatory to open a PLC’s bank account after successful registration.
    • Deposition of paid capital in the company’s bank account as per shareholding ratio.
    • Submission of commencement of business form (INC 28) within 180 days.
    • Auditor appointment

    What makes us stand out from the crowd?

    Our work strategies: From paper planning to idea execution, we actively achieve benchmark guidelines to ensure each step of the plan is not just carefully laid but successfully converted into reality.

    Our ideology is our soul: JustStart is a platform for those who have the willpower to dream and the drive to achieve. We promise you our commitment, trust, and expertise to generate a hassle-free experience.

    Meet Deadlines: Time is of the essence. Every single day lost is an opportunity lost. Therefore, we take precautionary measures to ensure your business meets all the deadlines you have set.

    Guaranteed Satisfaction: We know quality has no replacement. Thus, we systemise each level of our work to minimise the chances of mistakes before each project passes through our client’s hands.

    LET'S CLEAR ALL THE DOUBTS!

    No there is no need to visit ROC Office.
    We provide fully automated and hassle free online Company Incorporation Process.
    ROC is a Government office with whom companies get registered
    Every State has one ROC office except some states.

    Minimum of two directors
    Two members, (two shareholders)

    No Minimum Capital
    Limited Liability
    Tax Advantages
    Business Continuity
    Free & Easy Transfer of Shares
    FDI Allowed
    Builds Credibility

    MOA means Memorandum of Association and AOA means Articles of Association.
    These are the byelaws or rules based on which important matters like main business of the company or meetings is decided.
    These are the standard legal documents prepared by Company Secretaries or other professionals during registration of the Company.

    Yes, Audit is mandatory for every Private Limited Company
    Every company must get it audited every year

    Address of the registered office of the private limited company will be required, as the premises will receive the communication from MCA

    DIN is a unique Identification Number
    Allotted to an individual who is appointed as a director of a company

    No person shall be appointed as a Director of a Company unless he has DIN.

    Yes, 2 or more than two companies can be incorporated with the same address
    As per companies act, there is no such restriction.

    No person shall be appointed as a Director of a Company unless he has DIN.

    No Provident Fund (PF), GST is not automatic applicable.
    These laws are applicable only after crossing certain threshold limits

    Register Your Public Limited Company

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