Public Limited Company Registration in Uttar Pradesh - Online Procedure
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OVERVIEW
What is Public Limited Company Registration in Uttar Pradesh?
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
Register
How to Register a Public Limited Company in Ujjain?
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Public Limited
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
Get Incorporation certificate
The MCA inspects the application based on the document submission and issues a Certificate of Incorporation of the public company.
Uploading of forms on MCA
Scan and upload the documents.
Required Documents
Documents Required To Register a Public Limited Company in Ujjain
- 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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FAQs
LET'S CLEAR ALL THE DOUBTS!
Any individual or organisation looking to establish a PLC firm must provide a list of documents such as PAN cards, identity proof, registered address proof, etc.
These documents must be supplemented by other forms such as SPICe Part b, SPICe MOA, SPICe AOA, 9 Agile Pro, INC. 9.
ROC is a Government office with whom companies get registered.
Every State has one ROC office except some states.
- Bharat Heavy Electricals Limited (BHEL).
- Delhi Transco Limited (DTL).
- Hindustan Corporation Petroleum Limited.
- Oil and Natural Gas Corporation Limited (ONGC).
- Indian Oil Corporation Limited.
- McDonald's
- Ease in capital funding
- More finance opportunities
- In the event of a financial loss, liabilities are limited.
- Ease in share transferability:
- Growth and expansion opportunities
Anyone looking to register a public limited company in Uttar Pradesh must fulfil the following eligibility criteria:
- At least three directors are required.
- Have all directors' DINs.
- Minimum number of seven shareholders
- digital signature certificate of director and shareholder
- should fulfil objective clauses as laid down by the MCA
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.
A public limited company is a business entity that offers its shares to the general public, also known as shareholders.
DIN is a unique Identification Number. Allotted to an individual who is appointed as a director of a company.
Public limited companies have certain features that allow individuals to distinguish them from other business entities easily. PLCs are:
- Led by shareholders and managed by a board of directors.
- They have longer life spans.
- It has unlimited shareholders.
- Can offer their shares for sale.
- Has a minimum of three directors.
- Can frame its own articles of association.
- It can invite the public to subscribe to its shares.
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.
Public limited companies can be registered online by submitting required documents to the Registry Office, facilitated by the online portal of the Ministry of Corporate Affairs. It can be done by hiring an experienced and reliable: Online Public Limited Company Registration consultancy services.
