WHAT IS Public Limited Company?

 

Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.,

PROCESS OF REGISTRATION

 

Application Form

E-Mail Documents

Make Payment Online

Get Your COI & PAN TAN

Public Limited Company Benefits

 

Power to transfer shares- a public ltd company can transfer shares to public and raise funds from public

Unlimited Members – One of the best advantage of public ltd company is that there is no limit on number of members in the company
Limited Liability –Despite having characteristic of unlimited members the liability of all the directors in Public limited company is limited to the extent of stake they hold in the company More Transparency – Working of a public ltd company is more transparent because it separates its management from its ownershipProperty Rights – A Public ltd Company can gain, posses, and enjoy its property in its own name. No shareholder can claim upon the property

DOCUMENTS REQUIRED

 

IDENTITY PROOF ( DRIVING LICENSE, PASSPORT, AADHAR CARD)


ADDRESS PROOF (ELECTRICITY BILL, RENT AGREEMENT)


PAN CARD


PHOTOGRAPH (PASSPORT SIZE)

Minimum 7 members are required to incorporate a public limited company. There is no bar at the maximum number of members in a public limited company.

Minimum 3 Maximum 15 directors can manage the show of a company.

A Digital Signature establishes the identity of the sender or signee electronically while filing documents through the Internet. The Ministry of Corporate Affairs (MCA) mandates that the Directors sign some of the application documents using their Digital Signature. Hence, a Digital Signature is required for all Directors of a proposed Company.

Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.

A public limited company can be started with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs.5 lakhs [Authorized Capital Fee] during the incorporation of the Company. There is no requirement to show proof of capital invested during the incorporation process.

Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.

100% Foreign Direct Investment is allowed in India in many of the industries under the Automatic Route. Under the Automatic Route, only a post-investment filing is necessary with the RBI indicating the nature of investment made. There are a few industries that require prior approval from the RBI, in such cases, approval must first be obtained from RBI prior to investment.

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.

A limited company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, at least once every year.

Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Limited Company subject to Foreign Direct Investment (FDI) Guidelines.

Authorized capital of a Company is the amount of shares a company can issue to it shareholders. Companies have to pay the Government an authorized capital fee to issue shares in a Company. Companies have to pay authorized capital fee for a minimum of Rs.5 lakhs.

Legal documents like Employment Letter, Legal Notice, Non Disclosure Agreement, Terms of Service and Privacy Policy etc. are a part of the Legal Documents Library.

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