Public Limited Company Registration

Check company name availability.

Registration Cost

24083 /-
 

Package Includes

MyCorporation Fee: 9999 ₹ 19999
2 DIN    : 2000
2 DSC    : 2000
Govt Fee ( 100000)    : 7300
Stamp duty (Delhi)    : 360
Taxes    : 2424

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Package Includes

Digital Signatures DSC for Public Limited Company Registration

2 DSC

What is DSC?
Director Identification Number required for Public Limited Company Registration

2 DIN

What is DIN?

MOA / AOA

What is MOA / AOA?

Digital Signature Certificate (DSC)

DSC is required for signing eletronic form on Mca website.this is compulsory for director.A licensed Certifying Authority (CA) issues the digital signature. Certifying Authority (CA) means a person who has been granted a license to issue a digital signature certificate under Section 24 of the Indian IT-Act 2000.

Director Identification Number (DIN)

Director Identification Number (DIN) is a unique identification number given to an existing or a potential Director of any company which is incorporated.

Memorandum of association/Articles of association

Memorandum of Association (MOA) is the supreme public document which contains all those information that are required for the company at the time of incorporation. It can also be said that, a company cannot be incorporated without memorandum. It contains the objects, powers and scope of the company, beyond which a company is not allowed to work, i.e. it limits the range of activities of the company. ‘Articles of Association’ shortly known as AOA, is also a major document which contains all the rules and regulations designed by the company. Below you can see the basic differences between the Memorandum of Association and Articles of Association.

Certificate of incorporation (COI)

A certificate of incorporation is a legal document relating to the formation of a company or corporation. It is a license to form a corporation issued by state government. Its precise meaning depends upon the legal system in which it is used

Permanent Account Number (PAN)

Permanent Account Number (PAN) is a code that acts as identification of Indians, especially those who pay Income Tax. It is a unique, 10-character alpha-numeric identifier, issued to all judicial entities identifiable under the Indian Income Tax Act 1961.

Tax Deduction and Collection Account Number(TAN)

In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alphanumeric number issued to persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.

Documents Required for Public Limited Company Registration

  • 1     Copy of Income Tax PAN (Permanent Account Number) of all directors / Promoters.
  • 2     Copy of Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of all Directors / ShareHolders
  • 3     Latest passport size Photographs of all directors / Promoters.
  • 4     Utility Bill (Electricty Bill) of premises proposed to be the registered office In case Premises is taken on Rent / Lease ( Rent agreement will also be required)
  • 5     Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of all directors / promoters with same address as given in Voter Id, Passport, Driving License, Aadhar Card.
Process Involved 20%

STEP 1

Incorporation Documents

STEP 2

Digital Signatures and DIN

STEP 3

Incorporation Form SPICe

STEP 4

Incorporation Certificate

STEP 5

Commencement Certificate

STEP 6

PAN and TAN

Incorporation Documents are prepared and sent for Signatures.

Once ID proofs and signed documents are received, Digital Signature and DIN is applied for Directors

Incorporation Application is prepared and filed with ROC

MCA check and Approves the Incorporation Application.

After Registration, Certificate of commencement of business is applied

PAN is applied based on Incorporation Certificate after that TAN is applied Once we receive copy of PAN card

Public Limited Company is the company that issue securities through Initial Public Offer (IPO) and should be the preferred choice of business in India if planning to raise funds from the general public because public limited companies have got privileged under Securities Laws to access capital market. The Public Limited Company is considered to be more transparent as many more disclosures are required. The share can be transferred without any hassle.
Public Limited Companies in India are a destination point for Foreign Direct Investment (“FDI”), because, under Foreign Exchange Laws, there are the areas open for public limited companies to attract foreign loans and equity participation.

A Public Limited Companies have following features:

  • It allows a significant degree of separation between operations and ownership.
  • One can provide stock ownership or ESOPS to employees. Only Limited companies are allowed to offer this feature of distributing their stocks among current and prospective employees.
  • Only Public Limited Companies can list its shares on Indian Stock Exchanges such as National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and so on.

Only Public Limited Companies can accept Deposits from public under Companies Act, 2013.

ADVANTAGES OF PUBLIC LIMITED COMPANY

Separate Legal Entuty

A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.

Uninterrupted Existence

A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

Borrowing Capaciity

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

Easy Transferability

Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.

Owning Property

A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

Limited Liability

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. Unlike proprietorships and partnerships, in a limited liability company the liability of the members in respect of the company's debts is limited.

COMPLIANCES AFTER THE INCORPORATION OF PUBLIC LIMITED COMPANY


1. Apply for Sales Tax / Service Tax Registration based on the nature of Business.
2. No intimation required to be given to ROC in case of First Auditors. Form ADT 1 to be filed within 15 days     of 1st AGM of the Company
3. Filing Income Tax Return of Company on or Before 30th September every year
4. To maintain proper Books of Accounts
5. To Maintain Minutes Book and Statutory Registers
6. To Comply with SS-1 and SS-2 (Secretarial Standards)
7. Get your account books Audited Every Year
8. Filing of form MGT- 7 and AOC-4, AOC- 4 XBRL every Year

PENAL PROVISIONS FOR NON COMPLIANCE IN PUBLIC LIMITED COMPANY
1. If a company does not maintain proper books of accounts then the company and every officer of the company who is in default shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to three lakh rupees and where the failure is a continuing one, with a further fine which may extend to one thousand rupees for every day, after the first during which the failure continues.
2. If a company fails to file Form AOC-4 within time, the company shall be punishable with fine of one thousand rupees for every day during which the failure continues but which shall not be more than ten lakh rupees.
3. If a company fails to file Form MGT-7 before the expiry of the prescribed period, then the company shall be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakhs rupees and every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to six months or with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees, or with both.
4. If a company fails to maintain Minutes Book of the company, then the company shall be punishable with fine which may extend to Twenty Five Thousand rupees and every officer of the company who is in default shall be punishable with fine which which may extend to five thousand rupees.
5. If a company fails to maintain Register of Members of the company, then the company shall be punishable with fine which shall not be less than Fifty Thousand and which may extend to Two lacs rupees and every officer of the company who is in default shall be punishable with fine of One Thousand Rupees till the default continues. 
6. If a company fails to maintain Register of Charge of the company, then the company shall be punishable with fine which shall not be less than One Lac rupees and which may extend to Ten lacs rupees and every officer of the company who is in default shall be punishable with imprisonment of 6 motnhs or with fine which shall not be less than Twenty Five thousand rupees and which may extend to One lac rupees, or both.
7. If a company fails to maintain Register of Director of the company, then the company shall be punishable with fine which shall not be less than Fifty Thousand rupees and which may extend to Three lacs rupees.

Frequently Asked Question's

1. Limit on Number of Directors (Minimum 3, Maximum 15)
2. Limit on No of Promoters / Share Holders (Minimum 7, Maximum No limit)
3. Alteast One Director Should be Resident in India
4. PAN is Not Required in case of Foreign Residents

FAQ

To incorporate a Public limited company, a minimum of 3 people are required. A Public limited company must have a minimum of three Directors and can have upto a maximum of fifteen Directors. A minimum of two shareholders and a maximum of upto 200 shareholders are allowed..

You can start a Limited Company with any amount of capital. As per latest circular, MCA has removed the 1 Lakh Capital Clause. Now a public limited company can be incorporated with less than 1 Lakh Rupees also..

Your Physical presence is not required as all the procedural requirements will be fulfilled though Digital & Electronic Mode , documents can be send through courier or scanned copy can also be send through E-mail..

We have a record on Incorporating a company in 2 Hours, The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process..

Yes, a NRI or Foreign National can be a Director in a Limited Company after obtaining Director Identification Number. However, atleast one Director on the Board of Directors must be a Resident India. Share Holding is subject to Foreign Direct Investment (FDI) Guidelines..

1. Copy of Passport 2. Copy of Address proof (Bank Statement or Driving License).

There is no legal mandatory requirement regarding educational qualification for being a promoter/ director but it is advisable that person should be literate and able to read, write and understand the language of the concerned area..

No, a company incorporated is aligned with the Concerned ROC of State in which Registered office of the company is situated not from where it has applied its incorporation furthermore as incorporation process is an Online one, you can apply from anywhere from India for incorporation of a company in anywhere in India .

 

The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Indian Private Limited Company..

Yes you can register a company in any part of India, Residential Commercial or Industrial..

PAN Card and Address proof is mandatory for all the proposed Directors of the Company. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof..

Company has perpetual succession, that means company can never die. It will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years..

A Public Limited company has to hold at least 4 board meetings in a financial year and 1 in each quarter, furthermore One AGM for each financial year is also mandatory compliance .

Foreign National resident a) In a country in any part of the Commonwealth, his signatures and address on the memorandum and articles of association and proof of identity shall be notarized by a Notary (Public) in that part of the Commonwealth. b) In a country which is a party to the Hague Apostille Convention, 1961, his signatures and address on the memorandum and articles of association and proof of identity shall be notarized before the Notary (Public) of the country of his origin and be duly apostillised in accordance with the said Hague Convention. c) Other than above - shall be attested by Indian Embasy in that country; d) Foreign subscriber can visit India on Business Visa.

Yes, even real family members can also form a public limited companyn provided that in case of public company one person can hold only upto 10 directorship as compared to Private limited company in which on can hold upto 20 directorship .