What is Public Limited Company Registration?
A Public Limited Company has more credibility and transparency in business than a private limited company. Public limited company has high financial exposure to source capital from the Public as Equity or debenture or deposit. A public limited company can register with a minimum of three Directors, and Public limited company always preferred if you have a broad vision from startup to IPO.
A public limited company has all the advantages of the Private limited company and the ability to have the unlimited number of members; shares can be quickly sold or and offer more transparency for shareholder lenders, creditors, and bankers.
- DSC and Director Identification Number (DIN)
- Company Name Reservation
- Articles of Association (AOA) and Memorandum of Association (MOA)
- Corporate Identification Number (CIN)
Advantage of Public Limited Company Registration
Liability of Members and Directors of the public limited company is limited to their shares. It means that if the company suffers from any loss and faces financial distress because of primary business activity, the personal assets of shareholders / Members / Directors will not be at risk of being seized by banks, creditors, and government.
Continuity of Existence
The life of a business is not affected by the status of shareholders, and even after the death of the shareholder Public limited company continues to exist.
A Public limited company enjoys unlimited source for the borrowing of funds. The public limited company can issue debentures, equity and can also accept deposits from the public. Financial institution even prefers to render financial assistance to large public limited company
Public Limited Company Registration Process
Digital Signature Certificate (DSC)
All Propose directors of the company should have a digital signature, and digital signature will use to file the registration forms, ROC compliance E-forms, and Tax returns.
Director Identification Number (DIN)
You will get an approval email from the Registrar of companies that you are now eligible to be a director of a company.
Company Name approval
After a Trademark search, we will proceed to file a Name Approval form to ROC on your behalf.
Final Incorporation and CIN
After Name approval from the Registrar of Companies, we will file final incorporation form to the Registrar of Companies.
Then we will file PAN Application.
Documents Required for Public Limited Company
From Directors and Shareholders
- PAN Card or Passport or Election ID Card
- Latest Bank Statement/Telephone or Mobile Bill
- Voter's ID/Passport/Driver's License
- Passport-sized photograph of all directors and shareholder
- Scan copy of Signature (signature should same as on PAN Card)
For Proposed Registered Address (Residential/Commercial)
- Any Utility bills
- Scan copy of Rent agreement with NOC from owner