Public Limited Company Registration
A public limited company is incorporated for large capital requirements so that it can be raised from the public at large through Public Issue of Shares. The minimum requirement is seven shareholders and three directors and a registered office. We shall be extending our support at the initial consultation, draft the objects and name selection for the company, and file the necessary application for incorporation and regular follow-up with the ROC until the certificate of incorporation is issued.
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Documents Required for Company Registration
Photograph
Latest Passport size Color photograph of all the promoters (Shareholders and Directors)
Identity Proof
Any of the following ID: Passport, Voter ID/Driving License of Shareholders and Directors.
Registered office Proof
Latest & Clear Telephone Bill/Electricity Bill/ /Water/Gas Bill of the registered office address
Pan Card
PAN Card of all shareholders and Directors. Foreign nationals must provide a valid passport.
Address Proof
Latest Bank Statement/Telephone Bill/Electricity or Gas Bill/Water Bill of Shareholders and Directors
NOC from owner
No Objection Certificate from owner(s) of the premises of registered office.
Requirements for Company Registration
Minimum Seven Persons
A company can be registered in India, by at least seven persons, who shall act as the shareholders of the company. There is no limit on the number of shareholders and the minimum director required is 3 which cant exceed 15 directors.
Resident Director
One director of the company must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases
Capital Requirement
Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital
Unique Name of Company
The proposed name of the company should not resemble any existing company or LLP. Further you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.
Features of Public limited Company Registration
Limited Liability Protection to Directors personal assets
Many times business need to borrow money and take high investment decisions. Public Ltd. Company is the best option for entrepreneurs with larger investment requirements.
Favorite Business structure for Investors
Investors love to invest in Public Limited companies as it is well structured and transparent business structure.
Better image and credibility in Market
Public limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Public Limited Company instead of proprietorship or normal partnerships.
Easy Transfer of shares
Most important it is very easy to exit from a Public limited company, only shares of the company need to be handed over to the purchaser along with the signed share transfer forms.
Easy to raise funds and loans
Public Limited company can list itself in various stock exchanges in India and raise capital from stock market. Limited company also enjoys wide options to raise funds through bank loans, general public and Institutional investors.
Most Suitable for Heavy Investment
Public Company is the best choice for businesses involving heavy investment
Process & Timeline for Company Registration
It is Mandatory to obtain DSC to become a Director In a Private Limited Company.
The DSC is important as all the Documents before submission are required to be digitally signed.
The name of the company should be unique and an application is to be made for approval from the Ministry of Corporate Affairs. Up to 2 names can be provided. In case of rejection, an opportunity is given to the applicant for re-submission of the form with 2 more names.The Name Provided must be as per the rule 8 of Company registration act,2013.
This Step involves the Drafting of MOA & AOA. These are drafted under INC-33 & INC-34 respectively.If required we can file for ESI,PF,GST at same time under the form AGILE.
For the Incorporation of a Public Limited company, the incorporation forms INC-33,INC-34,AGILE are uploaded with spice form INC-32.These are to be filed with Register of Companies of the Respective State in which the register office of the company is Located.
Once the Spice form INC-32 is approved, the Register of Companies provides the Certificate of Incorporation along with CIN(Company Identification Number) number, PAN and TAN of the Company.
Kanakkiyal.com will help you in opening a zero balance current bank account digitally through our platform.
Frequently Asked Questions
You need to arrange very simple documents of director like photograph, Pan card and one address proof. For more details, please fill the above details
ROC is a Government office with whom companies get registered. Every State has one ROC office except Maharashtra and Tamilnadu where there are two ROC offices. In Maharashtra companies are registered with Mumbai & Pune ROC. In Tamilnadu companies are incorporated at Chennai and Coimbatore ROCs. In all other States like Delhi there is only one ROC office, like at Bangalore, Hyderabad and so on.
No. Kanakkiyal provides complete online Company Incorporation process.
No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with ROC office.
Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs)
It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.
A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.
Company name is very important part in registration of company. The company name is divided into 3 Parts:
1) Keyword (brand name like TATA or Flipkart)
2) Activity word (i.e. showing nature of business like Software)
3) Business Type word (i.e. Pvt. Ltd. or LLP). For Incorporation of company, the suggested name should not match with existing companies or trademark.
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 standard legal documents prepared by Company Secretaries during registration of the Company.
Yes, company office address can be changed anytime after incorporation.
Capital means investment made by shareholders into the company. Authorised capital is an amount up to which company can issue shares. This capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid up capital is an actual investment which goes from shareholders into company bank account, against which share certificate is issue by the company.
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