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    Public Limited Company

    Public Limited Companies are those types of companies where minimum number of members is 7 and no restriction on maximum number. A public limited company has the limited liability of members. Being a public limited company, it allows to sell shares to investors, which is beneficial in capital raising.

     

    It has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greatest stability and legal entity. Public Limited company also enjoys wide options to raise funds through bank loans, the general public, and Institutional investors.

     

    ComplianceIndia can be your legal and professional partner in India to help you understand how to register Public Limited Company in India quickly and cost-effectively.

    Advantages of Public Limited Company

    Shareholders Limited Liability

    Shareholders Limited Liability

    Separate Legal Identity

    Separate Legal Identity

    Easy to raise funds and loans

    Easy to raise funds and loans

    Most credible

    Most credible

    Listing in Stock Exchange

    Listing in Stock Exchange

    Scope for expansion

    Scope for expansion

    Ideal for companies intending to float IPO

    Ideal for companies intending to float IPO

    Easy Transferability of Shares

    Easy Transferability of Shares

    Eligibility to form a Public Limited Company

    – Minimum Two (03) directors

    – Minimum Seven (07) Shareholders and Maximum no limit. Shareholders can be either different from Directors or same.

    – Unique Name is required.

    – Minimum Authorised Capital of Rs. 5,00,000/-

    How we Work?

    Step 1

    Fill-up our Contact Form and Submit

    Step 2

    Our Expert/ Legal Professional will contact you and provide brief guidance into the related context

    Step 3

    All Required Documents and Details to be provided as discussed with our Expert

    Step 4

    Our Expert will start Drafting of required documents for registration process

    Step 5

    Drafting of MOA & AOA

    Step 6

    Application for DSC of the Directors

    Step 7

    Once all required documents are prepared, Our Expert will file Form SPICe+ Form with ROC.

    Step 8

    On Successful filing of Form with ROC, Certification of Incorporation will be issued to you by ROC.

    Packages

    Consultation Charges

    Nil

    Complete assistance by Experts or Professionals indicating Process, Documents required, Benefits, Tax compliance, Legal Compliance, etc.

    Start-up Plan

    Rs. 11,999/-

    • – Registration of your Public Limited Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of Directors (upto 3)
    • – PAN and TAN Registration
    • – Expert advice from Experts/ Legal Professionals

    Basic Plans

    Rs. 19,999/-

    • – Registration of your Public Limited Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of Directors (upto 3)
    • – PAN and TAN Registration
    • – GST Registration
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of consent letter and Appointment of First Auditor
    • – Expert advice from Experts/ Legal Professionals

    Advance Plan

    Rs. 24,999/-

    • – Registration of your Public Limited Company with MCA
    • – Company MOA and AOA
    • – Allotment of DIN of Directors (upto 3)
    • – PAN and TAN Registration
    • – GST Registration
    • – Current Account Opening in your nearest Branch
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of documents
    • – Appointment of First Auditor
    • – DIR-3 KYC filing for one year
    • – MCA Annual Filing of Form AOC-4/ AOC-4 XBRL and MGT-7 for first year
    • – Expert advice from Experts/ Legal Professionals

    Ultimate Plan

    From Rs. 29,999/-

    • – Registration of your Public Limited Company with MCA
    • – Trademark Application
    • – Company MOA and AOA
    • – Allotment of DIN of Directors (upto 3)
    • – PAN and TAN Registration
    • – GST Registration
    • – Current Account Opening in your nearest Branch
    • – Board Minutes of First year on Incorporation
    • – Legal Drafting of documents
    • – Appointment of First Auditor
    • – DIR-3 KYC filing for one year
    • – MCA Annual Filing of Form AOC-4/ AOC-4 XBRL and MGT-7 for first year
    • – Income Tax Return filing of Company and 3 Directors
    • – Financial Statements preparation
    • – GST Return filing for 12 months
    • – Expert advice from Experts/ Legal Professionals

    Documents Required for Public Limited Company Registration

    Photograph

    Latest passport size photograph in jpg format of all directors.

    PAN card

    PAN card copy of all Indian Directors. In case of Foreign nationals, copy of valid Passport (not expired) is required.

    Identity Proof

    Aadhaar Card/ Voter ID/ Passport/ Driving License of all Directors. In case of Foreign nationals/ Foreign Representatives, copy of Identity proof of the country they are staying in is required.

    Directors Address Proof

    Aadhaar Card/ Voter ID/ Passport/ Driving License or Bank Statement/ Utility Bills not older than 2 Months of all Directors.

    DSC

    In case not having a valid DSC, then for obtaining DSC of all Directors and Foreign nationals, alongwith above documents, DSC Application Form and Video Verification as per the latest guidelines of DSC issued by CCA is required.

    Office Address Proof

    Copy of Electricity bill or Sale Deed or rent agreement and latest self- attested electricity bill in case of rented accommodation not older than 2 months.

    NOC from owner

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

    Unique Name

    Four-Five Unique names in Preference order indicating the business of the Proposed Company.

    Business

    Description of main business activity intended to perform

    Note – In case of Foreign Nationals or NRIs, all documents need to be notarised and apostilled from the Country where the Foreign Nationals or NRI is presently residing or by the Indian Embassy in the Country where such person is presently residing.

    Comparison with other forms of Business

    Form of Business Public Limited Company Private Limited Company One Person Company
    Act Companies Act, 2013 Companies Act, 2013 Companies Act, 2013
    Registration Requirement Mandatory Mandatory Mandatory
    Minimum Number of members 7 2 Only 1
    Maximum Number of Members No Limit No Limit
    Number of Directors/Partners Minimum 3 – Maximum – No Limit 2 – 15 Only 1
    Separate Legal Entity Yes Yes Yes
    Liability Protection Limited Limited Limited
    Public Invitations Yes No No
    Issue of Prospectus Required Not Required Not Required
    IPO / FPO Yes No No
    Statutory Audit Mandatory Mandatory Mandatory
    Listing in Stock Exchange Allowed Not Allowed Not Allowed
    Ownership Transfer ability Yes Restricted No
    Uninterrupted Existence Yes Yes Yes
    Foreign Participation Allowed Allowed Not Allowed
    Tax Rates High Moderate Moderate
    Statutory Compliance High High Moderate
      GET STARTED KNOW MORE KNOW MORE

    Frequently Asked Questions

    1. How many people are required to incorporate a Limited Company?

    To incorporate a Limited Company, a minimum of seven people are required. A Limited Company must have a minimum of three Directors and seven shareholders.

    2. What are the requirements to be a Director?

    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.

    3. What is the capital required to start a Limited Company?

    You can start a Limited Company with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs.5 lakhs [Authorized Capital Fee] during the incorporation of the Company. There is no requirement to show proof of capital invested during the incorporation process.

    4. Is an office required for starting a Limited Company?

    An address in India where the registered office of the Company will be situated is required. The premises can be a commercial/ industrial/ residential where communication from the MCA will be received.

    5. How many persons are required to incorporate a public limited company?

    A Public Limited Company must have a minimum of three Directors and seven shareholders.

    6. Do I have to be present in person to incorporate a Limited Company?

    No, you will not have to be present at our office or appear at any office for the incorporation of a 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.

    7. What are the documents required for incorporation?

    Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. 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.

    8. What do I need to quickly incorporate my Company?

    To incorporate a Company quickly, make sure the proposed name of the Limited Company is very unique. Names that are similar to an existing private limited company / limited liability partnership / trademark can be rejected and additional time will be required for resubmission of names.

    9. How long is the incorporation of the Company valid for?

    Once a Company is incorporated, 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.

    10. What is a Digital Signature Certificate?

    A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Company.

    11. What is Director Identification Number (DIN)?

    Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.

    12. What is authorized capital fee?

    Authorized capital of a Company is the amount of shares a company can issue to it shareholders. Companies have to pay the Government an authorized capital fee to issue shares in a Company. Companies have to pay authorized capital fee for a minimum of Rs.5 lakhs.

    13. What are the statutory compliances required for a Limited Company?

    A limited company must hold a Board Meeting atleast once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, atleast once every year.

    14. Can NRIs / Foreign Nationals be a Director in a Limited Company?

    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.

    15. Can NRIs / Foreigners hold shares of a Limited Company?

    Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Limited Company subject to Foreign Direct Investment (FDI) Guidelines.

    16. What are FDI Guidelines for Foreigners in a Limited Company?

    100% Foreign Direct Investment is allowed in India in many of the industries under the Automatic Route. Under the Automatic Route, only a post-investment filing is necessary with the RBI indicating the nature of investment made. There are a few industries that require prior approval from the RBI, in such cases, approval must first be obtained from RBI prior to investment.

    17. Can a Public Limited Company in India raise its capital from the Stock Market?

    Definitely! A Public Limited company can enroll itself in several stock exchanges in India and raise its capital from the stock market itself.

    18. What are the Liabilities of Public Limited Company?

    As a public limited company deals with public money, it has to make rather heavy compliances strictly, which are bulkier than those performed by a private limited company. Apart from the regular compliances related with income tax, there are many periodic and annual compliances to be made by a public limited company with ROC/MCA, SEBI, RBI, etc. These regulatory liabilities are in addition to securing and promoting steadily the profits and welfare of all shareholders of the public limited company.

    19. Can a startup be registered as a Public Limited Company?

    No, the public limited company is not eligible to start up

    20. How can a subsidiary of a Foreign Company be incorporated as a Public Limited Company in India?

    In case of wholly owned subsidiary, a copy of the Board resolution of Holding Company approving the investment in the proposed Indian Company and authorizing a person to sign the incorporation papers on behalf of the company, duly attested by the officer of the Indian Embassy in the foreign country where the registered office is situated is also required to be attached with the papers.

    21. Does the director of a Public Limited Company have any obligations to pay off the creditors of the company?

    No, being a limited liability entity, the liability of a member of a company is limited to the face value of the shares the member owns. Upon payment of the whole of the face value, he has no obligation to contribute anything to pay off the creditors of the company.

    22. Can a shareholder of company involve in business and management of a Company?

    The shareholders of a company do not have the right to participate in the day-to-day management of the business of a company. This ensures separation of ownership from management.

    23. Can we change the Registered Office of the Company?

    Yes, we can easily change the registered office of the company any time after the specified procedure is completed. The changed address can be situated within the same state or in a different state, depending upon the conditions.

    24. How long will it take to incorporate a Company?

    ComplianceIndia can incorporate a Public Limited Company in 12-15 working days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your Company and ensure you have all the required documents prior to starting the incorporation process.

    OUR SERVICES

    Private Limited Company Incorporation

    ₹2,999/-

    Looking to Start a Company in India? Contact us for complete solutions to your needs…

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    One Person Company Incorporation

    ₹2,999/-

    Looking to Start a One Person Co. in India? Contact us for complete solutions to your needs…

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    Limited Liability Partnership Registration

    ₹2,999/-

    Looking to Start aLLP in India? Contact us for complete solutions to your needs…

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    Indian Subsidiary Company Registration

    ₹9,999/-

    Looking to Start a Subsidiary Co. in India? Contact us for complete solutions to your needs…

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    Trademark Registration

    ₹4,999/-

    Complete Solutions for Trademark Registration, Opposition, Reply, Renewal etc…

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    GST Registration

    ₹999/-

    Complete Solutions for GST Registration, Modification, Queries for all GST matters…

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    GST Return Filing

    ₹499/-

    ST Return Filing Solutions, NIL GST Return Filing, GST LUT Filing, GST E-Way Bill, Reply to GST Notice…

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    Accounting and Tax Services

    ₹499/-

    Complete Solutions for Tax, Payroll, TDS, Income Tax for Individual and Company etc…

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    Private Limited Annual Compliances

    ₹2,999/-

    Solutions for all yearly and event based compliance requirements related to your Company and Directors...

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    One Person Company Annual Compliances

    ₹2,999/-

    Solutions for all yearly and event based compliance requirements related to your Company and Director...

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    LLP Annual Compliances

    ₹2,999/-

    Solutions for all yearly and event based compliance requirements related to your LLP and Partners...

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    XBRL Conversion and Filing Services

    ₹5,000/-

    Get your XBRL financials ready for filing with MCA, BSE, NSE etc...

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    WHY TO CHOOSE US

    Recognised by Govt. of India

    We are Govt. recognised registered Company providing Financial and Legal aspects to clients all over India.

    Professional & Experienced Team

    We are a strong team of 25 energetic people with 2 Chartered Accountants and 4 Company Secretaries.

    Quick Turnaround Time

    From our past records, we assure you 100% accuracy in services we provide within the timeframe mentioned.

    Cost Effective Service with Easy EMI

    With us, you can be confident that needs will be met and agreed-upon services will be provided at a fair price with an option of Easy EMI.

    5000+ Satisfied Customers

    We provide financial, taxation and regulatory services to more than 5,000 Individuals and Businesses.

    ISO 27001:2013 Certified for Data Security

    Certified Service provider for quality standards, data security and confidentiality.

    Transparent Process & No Hidden Charges

    We practice transparent pricing for all services and separate cost into three categories, our fee, government fee, and GST. No Hidden Cost.

    All services under one roof

    From incorporation to routine finance, tax and regulatory services till Closure/ wind-up for businesses and Individuals.