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What is public limited company?

A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors this is beneficial in raising capital. A minimum of three Directors are required for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company. Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.

public limited company registration india

WHY SHOULD YOU FORM PUBLIC LIMITED COMPANY?


SEPARATE LEGAL ENTITY

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 CAPACITY

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.

SIMPLE & TRANSPARENT PRICING

"If you are not satisfied for any reason, we will refund your money minus the Government fees. No questions asked"


Business Package

All-inclusive fees

✓ Registration of your Public limited company including 3 DSC, 3 DIN, MOA & AOA, name approval, incorporation fee, ROC REGISTARTION Certificate, PAN, TAN, share certificates and company kit
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Executive Package

All-inclusive fees

✓ Registration of your Public limited company including 3 DSC, 3 DIN, MOA & AOA, name approval, incorporation fee, ROC REGISTARTION Certificate, PAN, TAN, share certificates, company kit & Logo Designing.
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Premium Package

All-inclusive fees

✓ Private limited company registration with DSC, DIN, name approval, incorporation fee, PAN, TAN, share certificates, company kit, Logo Designing and trademark registration.
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HOW TO REGISTER PUBLIC LIMITED COMPANY?

We incorporate companies using the recently introduced INC 29 form. This is the fastest way to register companies in India. Average registration time is 8-15 Working days.

Public Limited Company Incorporation

Venture-Care can incorporate a Public Limited Company in 14 to 20 days, subject to ROC processing time.

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Obtaining DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) are required for the proposed Directors of the Private Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.

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Name Approval

A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.

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Company Registration

Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.

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WHAT ARE THE DOCUMENTS REQUIRED TO FORM PUBLIC LIMITED COMPANY?

"Scanned Copy of the Following Documents has to be Provided by the Promoters of the Company"


  • PAN card copy with Self-attestation.
  • Copy of No Objection Certificate(NOC) from the owner of the property.
  • Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation.
  • Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.
  • For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement.

  • Latest passport size photo in jpg.
  • If owned property, a copy of Sale Deed and Electricity bill is sufficient.
  • Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months.
  • Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation.
  • In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.

HAVE QUESTIONS? WE HAVE ANSWERS.


How long does it take to register a Public Company?
Your company is in Pune, I am in a different state. Can I still register a Company?

Yes, the company incorporation process is online. You can email / upload us the required documents.

Can another company be a shareholder in Public Limited Company?

Yes, however a person needs to appoint an alternative director on behalf of that investing company.

How do I choose a name for Public Company?

First ensure the name is not similar to any other Private limited, OPC, LLP or Public limited company. Also, do check if the name is not a registered trademark taken by anybody under the IP act. Also, make sure the name is not too generic to be accepted by the ROC land also, try not to use abbreviations, adjectives. While choosing the name make sure that name should contain the objective of the business like if the objective is I then word is Technogy, technosoft, IT consultancy.

Can an NRI / Foreign National be a director in a Public Limited Company?

Yes, an NRI or Foreign National can be a Partner after obtaining a DPIN. At least, one of the partners has to be a resident Indian citizen.

Documents required for Public Limited Company?

The documents requirements are as follows:
For Directors / Members
• Pan Card
• ID proof- Any one (Voter ID/Aadhar Card/Driving License/Passport)
• Address Proof- Any one(Electricity Bill/Telephone Bill/Mobile Bill/Bank Statement).

Can a Salaried person become a director in Public Limited Company?

Yes, a salaried person can be a director, there are no legal bondages in this but you may have to go through with your employment agreement if it contains any restrictions on doing so.

How long is the Company valid for?

Once a Public Limited 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.

Is an office required to open a Company?

No. You can open a company on your residential address there is no requirement to have a commercial place to open up a company.
For Registered Office Address
• Rent agreement along with latest rent receipt (in case the premises are rented)
• House tax receipts (in case premises are owned)
• Electricity bill
• NOC from the Owner (Format will be shared once your company name approved).

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