Public Limited Company Registration in India - Online Procedure

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OVERVIEW

What is 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.

  • 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?

  • Gives ability to raise capital
  • Brand awareness
  • Gains customer trust
  • Lends Legitimacy to business
  • Protects business name/ trademark registration
  • Tax efficiency
  • Potential to be listed as IPO
  • Limited liability protection
  • Separate legal entity
Trademark
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How to Register a Public Limited Company

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Document Presentation

Minimum 7 members, and min. 3 directors/ DIN number/ PAN/ Identity proof etc.

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.

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.

Filling up relevant forms

Attach the following forms:

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

Uploading of forms on MCA

Scan and upload the documents.

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!

  • PAN Card: A power of attorney for representation purpose
  • Identity Proof: For Directors/Shareholders Identity Proof-aadhar card/voter id/passport/Driving Licence
  • Passport Size Photos: (Latest photos of the Directors/Shareholders)
  • Business Address Proof: (Latest electricity bill or telephone bill of the registered office)
  • Rent Contract: (If Rented)
  • Residential Proof: For Directors/Shareholders Resident Proof-Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
  • NOC: (From the Owner)
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FAQ

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 is required.

The trademark renewal process is completely online. There are multiple reasons to get your trademark registrations renewed:

  1. No Minimum Capital
  2. Limited Liability
  3. Tax Advantages
  4. Business Continuity
  5. Free & Easy Transfer of Shares
  6. FDI Allowed
  7. 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.

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