Public limited Company – Public limited company is a company with shares that can be freely traded on the stock market. Limited company can issue shares through public by offering them shares whether it is Initial public offers (IPO's) and Further public offers (FPO's). They had to put the word Limited in it's name. Our comprehensive service ensures your company is set up efficiently, with all the essentials covered.
Submit to get Public Limited Company Registration
Shares are freely traded on stock excahnge
Has the feature of raising capital through issuing share ot public
It contain the word "Limited" in suffix of name of company
Public Limited Company Registration Service Details
Company Registration Process:
Registration of company include several steps
Acquire a Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Name Reservation of the Company i.e., Spice+ Part A
Submission of Company details i.e., Spice+ Part B
Preparation and submission of Incorporation forms (INC-33 MOA, INC 34 AOA, INC 35 Agile Pros, Subscribers and Directors Details INC-9)
After all the process we will get the Certificate of Incorporation (COI) and other ancillary documents.
Post incorporation compliances.
Now Let’s discuss in details what include in every step and how we proceed with that
First, we have to check whether every director have DSC or not if yes then we have to collect the same if not then we have to make Digital Signature first, because every work is electronically so every director is requiring to sign every form electronically through DSC. Documents required for Individual DSC making is Aadhar card, PAN card, Bank statement, photograph of director.
Secondly, we have to know whether the Director has existing DIN or not, if yes then we have to collect the required information of the director that in which company he has interest and how much he holds shares in the company.
Then after all that we are going to reserve the name of company by filing the form Spice+ Part A and it took 3 days for getting the name reserve and after that we have 21 days to incorporate a company.
Meanwhile, in between the 3 days of name approval we will make other necessary documents like DIR-2, Noc for registered office etc.
After the name approval we will file details in Spice+ Part B form which include details of shares, subscribers, directors, registered office, PAN TAN codes, etc and submit the form after signing of all the forms by every director and shareholders.
After submitting the form, we have to prepare INC 33 i.e., Memorandum of Association, INC 34 Article of Association, INC 9 details of Subscribers and Directors, INC 35 Agile PROS.
And then we have to submit all the forms and wait for the approval by the Registrar of Companies.
After getting we have to done post incorporation compliances like ADT-1, INC-22, INC-20A, GST registration etc.
Documents Deliverables are:
Certificate of Incorporation (COI)
INC 33 (Memorandum of Association)
INC 34 (Articles of Association)
INC 35 (Agile PROS)
INC 9 (Details of Subscribers and Directors)
PAN Card of company will be shared over mail by MCA Department
ESI/PF credentials will be shared over mail by MCA Department
TAN Card of company will be shared over mail by MCA Department
Time Taken to incorporating a company is 8-10 days
Why Choose HireYourCA?
Why Choose HireYourCA?
There are several reasons why HireYourCA stands out as your go-to partner for business registrations and compliance:
Experienced and Qualified Team: Our CAs possess extensive knowledge and expertise.
Seamless Service: We handle the entire process, keeping you informed at every step.
Cost-Effective Solutions: Competitive pricing ensures value for your money.
Client-Centric Approach: We prioritize your needs and offer personalized guidance.
Technology-Driven Platform: Our user-friendly online platform enables easy tracking and access to documents.
Transparency and Trust: We maintain complete transparency and adhere to the highest ethical standards.
Eligibility
First condition is to incorporating a limited company in India is you require at least 7 members and 3 directors.
There is no limit on numbers of members in a limited company.
At least One director must be resident of India among three.
Director must be major and not of unsound mind and incapacity to do the task as per the law.
Company must have a registered office situated in India.
There is no minimum capital requirement for incorporating a company in India.
Limited company can invite shares through issuing share in public.
Limited company must have to comply with all the regulatory and legal compliances with ROC.
Documents Required for Public Limited Company Registration
Now let’s Discuss about the documents need for registering a Public limited company in India.
First of all, documents required related to the director/ shareholders of company are
Educational qualification that they had completed till now or pursuing.
KYC Documents i.e., Aadhar Card, Pan Card, Photograph of all the Directors, Mail I’d & Mobile Number of all the directors, Bank statement of all the directors, DIN if having with any director.
Digital signatures certificate of all the directors.
Declaration by the Director under form number DIR-2 about the consent of becoming director and enclosing the Directorship or holding of any interest in any company
Now secondly, we need documents related to the company i.e.,
4 proposed names of the company going to incorporate. Why we are asking for 4 names because if any resubmission or issue arise alike that then we can use 2 other alternate names for the company incorporation.
Share capital of the company clearly stating the share of every shareholder in the said capital.
Now lastly, we need the documents related to the registered office of the company i.e.,
No objection certificate for the registered office from the owner of property stating clearly of having no issue for taking registration at that place.
Rent Agreement required if the property is not on the name of company going to incorporate.
Latest electricity bill or any other utility bill is required for the proof of address office of company but it can’t be older than 2 months.
Note: - For Foreign Nationals Notarized documents, passport-sized photograph, passport and address proof.
Benefits Of Getting Public Limited Company Registration
Issue shares to Public: - Limited company has the feature of issuing shares to public by issuing share either by IPO and FPO. Can raise large amount of capital by issuing shares in public.
Limited Liability: - Liability of shareholder is limited to the extent of amount of unpaid shares.
Perpetual Succession: - It also contains the features of Perpetual succession which state company will run forever irrespective of change of ownership.
Distinct legal identity: - A limited company posses and independent legal entity distinct from its directors and shareholders. It has the capacity to sell, buy anything on the name of company
Traded on stock exchange board: - Shares of Limited company can be freely traded on stock exchanges.
Public Limited Company Registration Sample Document
Download Public Limited Company Registration Sample
A Public Limited Company (PLC) is a type of business entity that allows the general public to buy shares and invest in the company. It is governed by the Companies Act, 2013 in India and has no restrictions on the maximum number of shareholders.
A minimum of seven members and three directors are required to form a Public Limited Company. There is no upper limit on the number of shareholders1.
Minimum 3 Directors required to form a Public Limited Company in India.
Yes, a foreign national can be a director in a Public Limited Company in India, provided they obtain a Director Identification Number (DIN) and comply with the Foreign Direct Investment (FDI) guidelines.
