Public Limited Company
Public Limited Company
- Application for DSC (Digital Signature Certificate).
- Apply for the DIN (Director Identification Number)
- Application for the name availability.
- Filing of the EMOA and EAOA to register Public Limited Company
- Apply for the PAN and TAN of the company
- GST Registration
- Application for Digital Signature Certificate.
- Apply for the DIN
- Application for the name availability.
- Filing of the EMOA and EAOA to register Public Limited Company
- Apply for the PAN and TAN of the company
- GST Registration
Public Limited Company Registration - An Overview
A Public Limited Company or a PLC is the best business structure for those entrepreneurs who are planning big like opening an IT infrastructure, setting up of a manufacturing plant, etc. Nowadays, people mostly choose the option of a Private Limited Company over a Public Limited Company. However, it shall be pertinent to take into consideration that if in case an individual is seriously planning something big and wants to raise capital from the public by issuing them shares in return. Then, in that case, he or she must go for the option of incorporating a Public Limited Company.
A Public Limited Company enjoys all the rights and privileges of a corporate entity together with the feature of Limited Liability. Further, some of the prominent and renowned examples of a Public Limited Company are the TATA Steel Limited, Reliance Communications Limited, etc.
Documents Required
Director's Document
- PAN Card or Passport (Foreign Nationals & NRIs)
- Voter’s ID/ Passport/Driver’s License
- Latest Bank Statement / Telephone Bill / Electricity or Gas Bill
- Passport-sized photograph and specimen signature
Registered Office Document
- Latest Bank Statement / Telephone Bill / Electricity or Gas Bill
- Notarized lease agreement in English
- No-Objection Certificate from the property owner
- Sale Deed/ property deed in English (if owned property)
PROCESS
- Application for DSC (Digital Signature Certificate).
- Apply for the DIN (Director Identification Number)
- Application for the Name Availability.
- Filing of the EMOA and EAOA to register Public Limited Company
- Apply for the PAN and TAN of the company
- Issued certificate of incorporation by RoC with PAN and TAN
POST REGISTRATION
- Open Bank Account within 30 Days
- Deposit Share Capital money within 30 days
- File commencement certificate within 180 days
- Issue Share certificates – within 60 days
- Appoint Auditor within 30 days
- GST Registration for Company
Benefits of Public Limited Company Registration
The liability of the members is limited to the extent of the amount remaining unpaid on shares.
Banks gives more preference to a Public Limited Company when it comes to offering loans in comparison to any other business structure.
Shareholders are allowed to transfer or sell their shares with ease.
By following compliance, a public limited company can easily list its shares on a Recognised Stock Exchange.
The existence of a Public Limited Company will not be affected by the death, retirement, insolvency, and insanity of any member, due to the feature of Perpetual Succession.
As the general public is invited by way of prospectus to buy or subscribe to the company’s shares. Hence, subscribing to shares by the general public leads to improved capital of a Public company.
As a Public Limited Company is allowed to sell its shares to the public. These leads to a reduction in the scope of unsystematic risks of the market.
A Public Limited Company enjoys the status of a Separate Legal Entity. This means the existence of a company is different and distinct from its members.
Why BizOkay India?
Frequently Asked Questions
A minimum of 3 Directors and 7 shareholders are needed to incorporate a Public Limited Company in India.
Any person who is 18 years or above in age is eligible to become Director in a Public Limited Company. Further, any NRI (Non-Resident of India) or foreign national can become a director of a Public Limited Company.
No, there is no need for anyone to be present at our office in person as the process for obtaining Public Limited Company Registration is 100% online. You just need to mail us your documents, and the rest will be handled by our team.
Yes, an NRI or a Foreign National is eligible to become Director of a Public Limited Company.
No, there is no need for you to hire a full-time CA (Charted Accountant) or CS (Company Secretary) as our team will provide you an Annual Compliance Package as well, by which you will get the right and timely advice.
Usually, a period of 15 business days is required by our experts for registering a Public Limited Company in India.
A Digital Signature Certificate or DSC is a signature certificate issued by the Certifying Authority. It is used to sign the documents and forms electronically and digitally.
DIN or the Director Identification Number is a unique identification number issued by the Ministry of Corporate Affairs to every director. It is a mandatory requirement for an individual to become the director of a company. Only one DIN is allotted to one director, and it has lifetime validity.
An Individual can convert a Private Limited Company to Public Limited Company by filing E-form INC 27 with the registrar within 15 days from the passing of resolutions, together with the prescribed fees.
The Sources for raising funds are Personal Investment, Business Incubators, Bank Loans, Venture Capitals, Government grants, and subsidies.
Every Public Limited Company needs to hold at least one Board Meeting in every 3 months. Moreover, it needs to hold an Annual General Meeting (AGM) at least once a year.