Public Limited Company
A Public limited company gives limited liability to its owners and management. A public Limited company allows to issue shares to investors. This is beneficial in raising large capital for company. Public Limited Company requires minimum three Directors for incorporating a Public Limited Company, it has more stringent regulatory requirements in comparison to a Private Limited Company.
Public Limited Companies requires minimum seven members and there is no limit on the maximum number of members. A public limited company has most of the features of a private limited company. In addition to advantages enjoyed by Private Ltd Company, A Public Limited Company has the ability to have any number of members, easy transfer of shares and more transparency.
For incorporation of Public Limited Company 3 DINs and 7 DSC for three directors and 4 Shareholders is required. Only Public Listed companies are allowed to list on stock exchange. Public Limited Company Registration can be done through OnlineEfiling in India, Mumbai & All Cities
To Register Public Limited Company
There are various rules and regulations prescribed under the companies act, 2013 for the formation of a public limited company. Here is what you should keep in mind when registering a public limited company:
- Minimum 7 shareholders are required to form a public limited company
- Minimum of 3 directors is required to form a public limited company
- The minimum share capital of Rs. 5 lakhs is required
- Digital signature certificate (DSC) of one of the directors is needed while submitting self-attested copies of identity and address proof
- Directors of the proposed company will need a DIN
- An application is required to be made for the selection of the name of the company
- An application comprising the main object clause of the company is to be made. This object clause will define what a company will pursue after its incorporation
- Submission of the application to ROC along with the required documents like MOA, AOA, duly filled Form DIR – 12, Form INC – 7 and Form INC – 22 is needed
- Payment of the prescribed registration fees to the ROC is required
- After obtaining an approval from the ROC, the company should apply for the ‘certificate of business commencement.
Document Required For Registration
- Proof of identity of all the shareholders and directors
- Proof of address of all the directors and the shareholders
- PAN number of all the shareholders and directors
- Utility Bill of the proposed office i.e. proposed registered office for the company
- A NOC (No Objection Certificate) from the landlord where the office of the company will be situated
- Director Identification Number (DIN) of all the directors
- Digital Signature Certificate (DSC) of the directors
- Memorandum of Association (MOA)
- Articles of association (AOA)