Public Limited Company Registration
- Most popular form of Business entity in case of big businesses
- No restriction on maximum no. of members and shareholders
- Flexibility of addition and deletion of Directors and Shareholders
- Most suitable for funding from Investors, PE firms, Banks
- Flexibility of raising funds by issue of Debentures/Bonds
- No restriction on the transferability of the shares of a Public company
- Free to invite public for subscription i.e., a Public Limited Company Registration can issue a Prospectus.
Inclusions in this package
- Digital Signatures Certificates (DSC) of 3 Directors
- Director Identification Nos. (DIN) of 3 Directors
- Company name approval certificate
- Digital set of MOA & AOA
- Incorporation certificate
- PAN & TAN Registration
- Company stamp
- Assistance in opening current account in Bank
- Shares Certificates
Time Involved in the Process
• Approx. 15-18 working days till getting Incorporation certificate
•Approx. 8 working days in getting PAN/TAN
• Approx. 5 working days in opening bank account
Documents Required for Public Limited Company
- Copy of PAN card of all Directors
- Copy of Address proof of all Directors (Any one of Passport or Voter id or Aadhar card)
- Proof of Business premises where company will be registered. (It can be from home also)
- In case of rented premises- Copy of rent agreement + Latest electricity bill in name of landlord + NOC
- In case of owned premises- Copy of sale deed + Latest electricity bill in name of owner + NOC.
- 2 Colored passport size photograph of all Directors
- Copy of any utility bill or bank statement in name of Directors.
- Mobile no., email ids of all Directors, 2-3 proposed name of company, objects of company.
- List of Shareholders and percentage of shares held by them
FAQ
How many Directors and Shareholders are required for starting Public Ltd Company?
Minimum 3 Directors and 7 Shareholders/members. Can be even family members or relatives or friends. Should be major. No restriction on maximum no. of members
What is the minimum authorized and paid up share capital with which Public Ltd can be started?
Rs 500,000.
What significance is of authorized and paid up share capital?
Fees to be paid to ROC depend upon amount of authorized capital. In case authorized capital is less and company needs more money in the business, it has to increase authorized share capital.
Authorized capital signifies maximum capital which can be raised by company. Paid up capital signifies how many shares have been actually held by shareholders and paid for same. Paid up capital can be less than authorized share capital
What are the steps involved in public co. registration
- Firstly, Apply for Digital signature of all Directors,
- Secondly apply for DIN of all Directors
- Thirdly apply for name approval/reservation, then file MOA, AOA and apply for incorporation. Finally get the certificate of registration
Once company is registered what other formalities are required before starting operations?
- Open a current account in bank and deposit paid up share capital money.
- Then obtain GST Registration for your type of business
What are the periodical compliances which need to be done by Public Ltd Company?
Normally, a public ltd company has to do following compliances:
- Accounting or Book keeping [On daily basis]
- GST returns to be filed online quarterly [In case of trading concern if TIN no. is taken]
- TDS returns to be filed for Salaries paid and vendor payments, are to be filed quarterly, if applicable
- Tax audit has to be got done by CA and audit report needs to be collected.
- Balance sheet and Profit and Loss account and other financials need to be prepared and maintained.
- Minimum 4 Board meetings need to be held in one year
- Minimum 1 AGM needs to be held in a year
- Other secretarial compliances like maintaining minute book, registers, sending notices etc
- Income tax return of Public Ltd co. needs to be filed online annually before 30th September
- ROC returns (approx. 4 in nos.) needs to be filed annually within 30 and 60 days of AGM
- Other need based compliances.
- Advance tax needs to be paid periodically
Do I need to file returns and do other compliance even if there are no operations in the company?
Yes, you need to file NIL returns, prepare balance sheet and profit and loss account and also get auditor’s certificate as well as complete all secretarial compliances.