Public Limited Company in India
A public limited company is a voluntary association of representatives that are incorporated and, therefore, has a divided legal existence and the liability of whose members is limited. Public limited companies are listed on the stock exchange where its stocks are traded publicly.
Registration procedure
There are 6 key steps to register Public Limited Company in India, which are listed below.
Apply for the Certificate with digital signature
It is mandatory that all the proposed directors of the organization have to register for the Digital Signature Credential.
Apply for DIN
All the company's directors are expected to apply for their Director's Identity Number.
Name Verification
Next is corporate name registration
Filing Form SPICe+
Next step is to file the SPICe+ form to avail the company incorporation certificate. Along with it, file all the required documents such as MOA and AOA.
Obtaining an incorporation certificate
When all approvals and records have been submitted and confirmed by the authority, the business will receive a certificate of incorporation containing the CIN and the date of incorporation.
Bank account and the company's PAN TAN
Next step is to open a bank account in the name of your business with the aid of a PAN card and a Certificate of Incorporation.
PLC registration conditions
Company registration has requirements that can be seen below.
Compulsory regulation
In registering a public limited company, here is what you can bear in mind:
- A minimum of seven shareholders is required to create a limited public company
- A minimum of 3 directors is required to create a limited public corporation.
- Includes a minimum share capital of Rs. 5 lakhs.
- When uploading self-attested copies of identity and address proof of identity, the digital signature certificate (DSC) of one of the directors is required.
- Directors of the company proposed would require a DINN
- To choose the name of the company, an application must be made.
- An proposal is to be rendered consisting of the company’s key object clause. Since its incorporation, this object clause determines what a firm can pursue
- Submission of the ROC application along with the necessary documentation such as MOA, AOA, Form DIR-12, Form INC-7 and Form INC-22 is required.
- Payment to the ROC of the specified fees for registration is necessary
- After receiving the ROC’s permission, the organization can apply for the ‘business start certificate.
Documents
A claimant must gather all these documents to file along with the incorporation application:
- Proof of identification of all designated directors and owners, such as Aadhar card, PAN card, Driving License, Voter Id.
- Address evidence to both the company’s proposed directors and partners.
- PAN card details of both owners and directors
- Service bill of the registration office, such as telephone, gas, water or power bill, as residential evidence of a place of operation. It should be no more than 2 months old.
- An NOC or No Objection Certificate from the company location landlord.
- DIN or Directors Identity Number of all the Directors appointed
- DSC or Digital Signature Certificate of Directors Designated
- Affiliation Memorandum (MOA) and Article of Association (AOA)
Fees
The below are the government fees for registration:
- DSC: ₹2000
- DIN: ₹1000
- Professional Fees : ₹37999
- Stamp Duty: (approx) ₹2500
- Notary Fees: ₹500
- Govt Fees (RUN, PAN, TAN): ₹1200
- Tax on products and services: 18% ₹6844
Timeline
In general, it takes 15 business days for a limited public corporation to file.
Consultation about Public Limited Company registration
We offer consultation services for registering a Public Limited Company in India that are aimed at assisting you with the entire process of setting up your business. Our experienced advisors will support you from preparing the necessary paperwork to securing permits and registrations, ensuring a seamless and effective procedure. We will provide personalized advice on legal obligations, share capital, and corporate structure to help you make well-informed choices that are in line with your business objectives.
Ownership management
Handling the ownership of a Public Limited Company can be complicated yet essential. Our services involve managing ownership changes, overseeing beneficial owners, and facilitating ownership transfers. We guarantee that all changes in ownership are appropriately recorded and adhere to current regulations.
Corporate structure changes
As your business grows, your corporate structure may also need to change. We offer a range of services to help you make any necessary adjustments, such as updating directorship or nominee information, in a seamless and efficient manner.
Share capital management
Managing share capital is crucial for the financial well-being of your company. We provide services to assist you in raising, decreasing, selling, and transferring share capital, guaranteeing that all transactions are executed correctly and in compliance with legal regulations.
Register Public Limited Company
Ready for next step
Accelerate your business growth while we take care of corporate bank account and bookkeeping.