Public Limited Companies are companies whose shares are traded in stock market or issues fixed deposits. For Public Limited Company Registration, the company must have minimum 3 Directors, 7 Shareholders and Maximum 50 Directors and need Rs 5 Lakhs of Paid up Capital. A Public limited company have all the advantages of Private Limited Company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Public Limited Registration is done by our expert team of chartered accountants and Company secretary.
Choose Public Limited because More preference is given to public limited company in giving loan. By following compliance public limited company can list its shares on stock exchange. Shareholders can transfer their Shares with great ease. Limits the liabilities of its partners
As per the provisions of the Companies Act, 2013 to start a public limited company, a minimum of 3 directors are required & there is no restriction on the maximum number of directors1. Members– To start a company, a minimum number of 2 members are required and a maximum number of 200 members as per the provisions of the Companies Act, 2013.
The liability of each shareholder is limited. In simple words, a shareholder of a public limited company isn’t personally responsible for any loss or debts of the company for any amount greater than the amount invested by them; contrary to partnerships and sole proprietorships, where the partners and business owners are jointly and severally liable for the debts of the business. However, this characteristic of a public limited company does not offer immunity to the shareholders. The shareholders will be held responsible for their own illegal actions.
A public limited company is required to have a minimum paid-up capital of Rs 5 lakh or such higher amount as prescribed under the act.
Is a comprehensive statement of the affairs of the company issued by a public limited company for its public & there is a requirement under the Act for public limited companies to issue a prospectus. However, there are no such provisions for Private Limited Companies. This is because private limited companies cannot invite the public to subscribe for their shares.
It is a compulsory requirement under the Companies Act, 2013 for all the public companies to add the word ‘limited’ after their name
Once a name for the company is decided, the following steps have to be taken by the applicant
Apply for DSC (Digital Signature Certificate) and DIN (Director Identification Number)
Apply for the name availability
File the MOA and AOA to register the private limited company
Apply for the PAN and TAN of the company
Certificate of incorporation will be issued by RoC with PAN and TAN
Open a current bank account on the company name
"PAN Card of shareholders and Directors.Foreign nationals must provide a valid passport
Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.
Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.
Latest Passport size photograph of Shareholders and Directors.
Latest Electricity Bill/ Telephone Bill of the registered office address
No Objection Certificate to be obtained from the owner(s) of registered office
Rent Agreement of the registered office should be provided if any
A Public Limited Company must have a minimum of three Directors and seven shareholder
No, you do not have to be present at our office or appear at any office for the registration of a Public Limited Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office
A limited company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Limited Company, at least once every year
Yes, a NRI or Foreign National can be a Director in a Public Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident of India
In India, You can set your Public Ltd. Co. anywhere but there are minimum 7 shareholders and three Directors required. The Directors can also be shareholders.
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