public limited company registration

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Online Public Limited Company Registration  


Incorporate a Public Limited Company in India with Tax Robo. Get expert assistance and guidance on the Process of Registration of a Public Limited Company.


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 What is a Public Limited Company?

A Public Limited Company, as the name suggests, is a company similar to limited liability partnership firms but it has the legal permission to offer its shares to the public for purchase.

This provision makes a Public Limited Company more dynamic. It can raise huge amounts of money by selling its shares to a broad spectrum of buyers and expand Business operations very quickly, compared to LLPs or Private Ltd companies, which can not sell their shares to the public.

Criteria for Public Limited Companies in India

The following requirements must be met in order to open a public limited company in India. They are :

  • A minimum of 3 directors are needed before infusion, which can extend up to a maximum of 50 directors.
  • Minimum requirement of at least 7 shareholders.
  • Minimum capital of 5 lacs is required.


  Advantage Of Public Limited Company Registration

  Company Registration in India allows Foreign Investment: A public company lets foreign players with big pockets invest in your Business, thus prodigy greater opportunities and increased capital. 

The biggest benefit is undoubtedly the ability to amass enormous wealth by selling shares of the company. However, there are some other benefits as well. They are :

✓ Limited Liability: Just like other Limited liability companies, investing in a public limited company offers protection to a certain extent, usually to the amount of initial investment of the shareholder. In case of losses, the share owners are not personally responsible for compensation.

✓ Easy Capital raising: A public company opens its doors for a multitude of investors to bring their money into the Business, and some of them can be very powerful people and corporations. Hence, one can easily acquire money for Business functions and expansion.

✓ More attention: A public Limited company gets listed on the stock markets, thus bringing it into the limelight where big investors such as Hedge fund managers, Mutual funds, and Giant Businesses take notice of it. This provides better Business opportunities for your Public Limited organization.

✓ Improved Credit ability: Shares of a public limited company are its assets. A public limited company can take loans against is share from lending institutions such as Banks.

✓ Allows Foreign Investment: A public company lets foreign players with big pockets invest in your Business, thus prodigy greater opportunities and increased capital.

✓  Many sources of funds: A public company can receive instruments from Banks, Corporate owners, and the Public, thus making it a perennial source for capital raising.

​​How to start a public limited company in India?

It is easy to start a Public Limited Company, provided one follows a well-laid-out plan formulated by legal experts. Tax Robo's team of robust and professional lawyers has curated a step-by-step method to form a public company. In case the process sounds too cumbersome, Tax Robo is always there to assist you.

In order to open a Public Company, One must have 3 directors, 7 shareholders, and a capital of Rs. 5 lacs ready before moving ahead.

It is also required to have an office that will act as the registered office of the company. It needs to be registered with the Registrar of Companies (ROC) under whose jurisdiction the office location falls..

DSC (Digital Signature Certificate) is a person's credentials such as his name, the country he belongs to, Address, PIN code, E-mail ID stored in an electronic format.

A DIN (Director's Identification Number) is an 8-digit unique identification number, which is allotted by the Central Government to each individual who wants to be a director of any company or who already is a director of any company.

As per the rules laid by Ministry of Corporate Affairs and stated in the companies act, 2013, it is mandatory for directors of a company to have both DSC and DIN before applying to form a Public Limited Company.

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Memorandum of Association (MOA) is a document that contains all the fundamental data which are required for the company incorporation.

It usually contains information such as name of the company, registered office address, aims and objective of the company, information about shareholders & share capital etc.

Articles of Association (AOA) is a document containing all the rules and regulations that govern the company.

It contains information about distribution of shares among members, voting rights, procedure to elect chairman, dissolution processes etc.

Thankfully, one can now file these documents online, from the comforts of their home and office.

For electronic AoA, the form is INC-32 & for electronic MoA, the form is INC-33.


Once all is done, The Registrar of Companies (ROC) examines your documents and if everything is okay, the registration is completed and you are issued a Certificate of Incorporation (COI) and Corporate Index Number (CIN) of your new Public Limited Company.

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As much as you'd like it, you cannot begin operations of your newly found PLC without a Certificate of Commencement of Business.

You must apply for this certificate within 180 days of receiving COI, declaring the subscription fee has been paid by all shareholders.

[Red Alert : It is important to apply for Certificate of Commencement of Business immediately in the stipulated time frame, failing to do so will make the company liable to a penalty of fifty thousand rupees and every officer who is in default shall be liable to a penalty of one thousand rupees for each day during which such default continues but not exceeding an amount of one lakh rupees.

It is easy to start a Public Limited Company, provided one follows a well-laid-out plan formulated by legal experts. Tax Robo's team of robust and professional lawyers has curated a step-by-step method to form a public company. In case the process sounds too cumbersome, Tax Robo is always there to assist you.

I don't think I can do this alone. I need professional help. Whom should I contact?

Looking for help setting up your Public Limited Company?

Well, your search ends here. Tax Robo is here to help You.

Now sit back, relax, and watch us solve all your troubles in a jiffy. Forming your Private Limited Company is our responsibility, which we will fulfill with utmost care and dedication.

Leave it to us!

Basic Package

₹28999 .00

* All Exclusive

  • MOA & AOA Drafting
  • Digital Signature Certificate 2 Years Validity (7 Persons)
  • Name Approval
  • PAN & TAN
  • Incorporation Fees Authorised Capital Of Rs.10 Lakhs
  • GST Registration
  • Incorporation Certificate
  • File Commencement of Business form
  • Appoint First Auditor of the Company

Family Auditor

₹33999 .00

* All Exclusive

  • MOA & AOA Drafting
  • Digital Signature Certificate 2 Years Validity (7 Persons)
  • Name Approval
  • PAN & TAN
  • Incorporation Fees Authorised Capital Of Rs.10 Lakhs
  • GST Registration
  • Incorporation Certificate
  • PF & ESI Registration
  • Statutory Registers and Records
  • Share Certificate 
  • File Commencement of Business form
  • Appoint First Auditor of the Company
  • Free Experts Consulting​  

Knowledge of the Business

✓ Do you have previous experience in the same Business? how many years?

✓ Product analysis with the questions of whether the product is under any restricted sales in India eg. Cement, Steel.

Marketing Strategy

✓ Marketing strategy is available with target customers.

✓ Pricing of products and margin available in the product.

Growth of the Business

✓ Growth of the Business in India for the next 5 to 10 years.

✓ Feasibility report of the Business and products.

✓ Business plans and projected Financial Product for 5 years.

Funds – Working Capital

✓ Sufficient working capital required for running the Business for a minimum period of 3 months. The funds can be own funds or Bank funds.

✓ How many months of Investment in the Business have required, returns on investments, and working capital funds available for fixed expense months?

Public Limited Company Registration Process Online in India - Simple Steps

Step 1

Obtain Dsc for Directors And Apply Name Approval (After Check Company Name Availability)

Step 2

Incorporation Of Documents (Draft Sent To You For Confirmation)

Step 3

File Spice + Forms

Step 4

Get Incorporation Certificate, Pan, TAN & Bank Accounts

Documents Required For Incorporation Of A Private Limited Company


ID Proof

Scanned copy of PAN Card, Voter ID, Passport , Driving License

Registered Office Proof

No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property) / Registry Proof or House Tax Receipt (in case of owned property)

Address Proof

Latest Bank statement/ Utility bill in the name of director which should not be older than two months

Photo

Latest passport size photograph

Compliance After Incorporation Of Private Limited Company


Statutory Obligations

✓ File GST return every month without delay

✓ PF & ESI return filing

✓ TDS Payments & Return filings

✓ Advance Tax payments

✓ File Income Tax return by every year before due date

Compliances

✓ GST registration

✓ PF & ESI Registration if applicable

✓ Profession Tax registration

✓ Import & Export Code registration

✓ STPI Registration / SEZ registration

✓ Secretarial compliance required for passing resolutions, Change in Management, entering contracts, loan obligations etc

Accounts & Operations

✓ Open a Bank account with one Private Bank and one scheduled Bank

✓ Get one accounting software with GST facility

Performance

✓ Review Financial Products performance by every 3 months

✓ Compare the budget amount with actual Financial Products results