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.
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
How long does it take?
Apply for DSC & DIN
1-2 working days
1-2 working days
We prepare & submit Documents
2 working days
Certificate of Incorporation
1-2 working days
FREQUENTLY ASKED QUESTIONS
A company registered by a single person, in which only one shareholder and Director will be present. Apart from that one nominee has to be appointed.
One person, who should be a Indian resident and not an Foreign national or NRI.
Should start the company with minimum of Rs. 1 lac as paid up capital.
Valid proofs have to be obtained by the person, who is going to start the company.
Valid proof for the registered office of the company.
Minimum 1 Director is required for registration of an OPC.
Maximum 12 directors can be appointed by an OPC.
There is a simple rule have to follow during choosing a name that the name should not be similar with any name registered previously and should be related to the business of the company.
Minor – A minor cannot even hold beneficial interest in OPC.
Overseas Citizen of India.
Non Resident Indian.
Nominee should be any Resident of India. The term “resident in India” means a person who has stayed in India for a period of not less than 182 days during the immediately preceding one calendar year.
There are 3 types of OPC’s –
A company limited by shares
A company limited by guarantee
An unlimited company
Yes you can, if an OPC has the following requirements:
Paid up share capital should exceed Rs 50 Lakhs or more.
Annual average turnover should not exceed Rs. 2 Crores in three immediate preceding consecutive years.
An OPC which has completed two years from the date of incorporation, can apply for converting itself into a Private Limited Company.
One Person Company shall be required to convert within 6 months from the date on which the criterion become infringed in a private limited company or a public Company.
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.
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.