Public Limited Company - Registration

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

Characteristics of Public Limited Company

Directors

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.

Limited Liability

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.

Paid up capital

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.

Prospectus

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.

Name

It is a compulsory requirement under the Companies Act, 2013 for all the public companies to add the word ‘limited’ after their name

Procedure to register Public Limited Company

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

Documents required to register a Private Limited Company

PAN Card

"PAN Card of shareholders and Directors.
Foreign nationals must provide a valid passport

Identity Proof

Aadhar card and Voter ID/ Passport/ Driving License of Shareholders and Directors.

Director’s Address Proof

Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.

Photograph

Latest Passport size photograph of Shareholders and Directors.

Business Address Proof

Latest Electricity Bill/ Telephone Bill of the registered office address

NOC from owner

No Objection Certificate to be obtained from the owner(s) of registered office

Rent Agreement

Rent Agreement of the registered office should be provided if any

F.A.Q

 
     
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