Public Limited Company Registration

Setting up as a PLC means you own a Public Limited Company and permit you to offer shares to the public. A public limited company is a voluntary association of members which is incorporated and, therefore has a separate legal existence and the liability of whose members is limited. Its formation, working and its winding up, in fact, all its activities are strictly governed by laws, rules and regulations. The Indian Companies Act, 2013 contains the provisions regarding the legal formalities for setting up of a public limited company.

Documents required for company registration

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Separate Legal Entity

A Company is a separate legal person and juristic person under the law. The company on its own can hold properties and is differs from its members and Directors. The Board of Directors of the Company can only authorised to manage the company, but they do not own the company entirely.

Limited Liability

Where it is proposed to sell the business as a going concern, all that is required is to transfer the entire shareholding to the purchaser and thus facilitate easy change in management and ownership. This will save time and money of the Promoters. Huge amount of stamp duty is saved.

Flexible To Trade In Stock Exchange

Unlike Private Limited Companies, a Public company has the flexibility of trading its shares in stock exchange and it is one of the greatest advantages for any company. Any company, whose shares has positive market in stock exchange then the company will have a great market value and the share value of the company tends to increase.

Advantage Of Public Limited Company

Scanned copy of the following documents has to be provided by the promoters of the company

  • PAN card copy with Self attestation.
  • Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation.
  • Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation.
  • Latest passport size photo in jpeg.
  • For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement.
  • Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months.
  • Copy of No objection certificate from the owner of the property.
  • If owned property, copy of Sale Deed and Electricity bill is sufficient.
  • In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.
  • Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.

For registering a Public Limited Company, kindly go through the following steps

Requirement Before Registration

Minimum Authorized Capital and Paid-up capital should be Rs. 5,00,000/-. At least three Directors and Seven Members required forming a Public Limited Company.

DSC And DIN

The proposed Director should have a valid DIN (Director Identification Number) allotted by the Ministry of Corporate Affairs. One of the Directors should have a valid Digital Signature Certificate issued by the Certifying Authorities approved by the Ministry of Corporate Affairs.

Registering Your Company Name

Company Registration in India starts with filing of an application for Company Name. The chosen name for a company should be unique all over India. Usually in a day or two, concerned ROC approves the name if the applied name is not same or closely similar to the name of an existing company and the proposed name is in accordance with the Guidelines for Name Availability issued by the Ministry of Corporate Affairs (MCA). Check with MCA website to find you name availability, click here.

Submission Of Final Documents

On getting the company name approved we need to submit final documents to the ROC. The office ROC will scrutinize the incorporation documents. If the documents are found in order, the Company will be registered and the Certificate of Incorporation will be issued by the Registrar.

How long does it take?

Apply for DSC & DIN
1-2 working days

Name approval
1-2 working days

We prepare & submit Documents
2 working days

Certificate of Incorporation
1-2 working days

FREQUENTLY ASKED QUESTIONS

WHAT IS A ONE PERSON COMPANY ?
WHAT ARE THE REQUIREMENTS FOR STARTING A ONE PERSON COMPANY?
WHAT IS THE MINIMUM NUMBER OF DIRECTORS REQUIRED?
WHAT IS THE MAXIMUM NUMBER OF DIRECTOR CAN BE APPOINTED IN AN OPC?
IS THERE ANY CONDITION FOR CHOOSING A NAME?
WHO ARE NOT ELIGIBLE TO REGISTER AN OPC?
WHOM CAN I APPOINT AS NOMINEE?
HOW MANY TYPES OF OPC ARE THERE?
IS IT POSSIBLE FOR ME TO CONVERT OPC INTO PRIVATE LIMITED COMPANY?
WHAT HAPPEN IF I FAIL TO CONVERT MY OPC?

STARTING A BUSINESS

Many founders are confused about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship. Each of these has very specific advantages and disadvantages. There is no one type for all businesses. A private limited company registration, for example, would be a good fit for any venture that will look for funding at a later stage. You can contact dobizindia for all the advice you need. We assure you of great service at a reasonable price.

INTELLECTUAL PROPERTY

In modern business, there is no other asset as valuable as intellectual property, and yet so many startups end up neglecting it. But this is surely not advisable, as trademarks, copyrights and patents ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At dobizindia, we are well equipped to handle all your IP requirements. We perform trademark registrations in just three days, can file a copyright registration for all your software, pictures, audio and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.