Public Limited Company
"Share Success, Multiply Growth – Choose Public Company Registration!"
Introduction:
Setting a Public Company is one of the highly recommended ways to start a business in India. This type of company offers limited liability for its shareholders. A minimum of seven people are required to act as shareholders and a minimum of three people are required to act as Directors.
With the help of experts at ValuExpert, you can easily register your Public Limited Company without any hassle.
Benefits of Public Company:
To help you to decide on forming a Public Limited Company, here we have systematically described the benefits of Public Limited Company are as follow:
a) No Minimum Capital is required to form a Private Limited Company.
b) A Public Company offers Limited Liability to the business owner/shareholders.
c) A company being a Juristic Person can Acquire Property in its name.
d) A Public Limited Company is a Separate Legal Identity in the court of the law.
e) In a Public Company, 100% Foreign Direct Investment (FDI) is allowed.
f) Shares of a Public Company are Freely Transferable by a shareholder to any other person.
g) Public companies can list their shares on the recognized stock exchange in India.
h) Body Corporate/Company can be admitted as Members of Public Company.
Pre-registration Requirement:
a) Unique Name:
Unique Name for the Company which should not resemble with existing name of the Company and trademark.
b) Three Directors:
A Public Limited Company can be incorporated with three Directors.
c) Registered Office:
Registered office for the Company can be residential or commercial and it can be rented.
d) Capital Contribution:
Now there is no minimum paid-up capital requirement for a Public Limited Company.Authorized capital is the maximum number of shares which the company can issue to its shareholders. It would be best if you prescribed the authorized capital in MOA and AOA during its incorporation
Process of Registration:
1) Share Documents
Our experts will call you and get a free consultation on the name of the company, capital contribution by the shareholders, and documentation required for new company registration.
2) Name Reservation
Our expert would make a name reservation with the authority so that the company name is reserved.
3) Apply for DSC
The next step is to apply for a digital signature Certificate. It is used to digitally sign the e-forms.
4) Filing of Incorporation e-form
Our expert will file the incorporation e-form which is the final step in getting your Company Registration.
5) Certificate of Incorporation
After processing the application by the department the certificate of incorporation is issued by the authority.
6) Ready to Work!
Once the certificate of incorporation is received, you are ready to work and take your business to great heights of excellence!
Documents required for Registration:
1) From Directors and Shareholders:
a) Scanned copy of PAN card & Aadhaar Card.
b) Pass-port-sized photographs.
c) Identity Proof (Scanned copy of Voter ID/ Driving License/Passport)
d) Address proof (Scanned copy of Utility Bill – electricity/water/mobile), make sure that the address proof is not older than 2 months
e) Mobile No. & Mail ID
2) For Registered Office:
a) Rent Agreement or the Lease Deed or the Sale Deed of the place being used as Registered Office; or,
b) Address Proof of the Registered Office (electricity Bill), make sure that the address proof is not older than 2 months.
c) No-Objection Certificate (NOC) signed by the actual owner of the Property.
(Important note: 1) All above proof must be self-attested. For the foreign nationals, all documents must be apostilled or notarized and scanned passport copy is mandatory)
