Public Limited Company Registration

Definition

It is a separate legal entity with limited liability whose shares may be freely sold and traded to the public and the words Public Limited Company is added after its name. Similar companies in the United States are called publicly traded companies. It can either be listed or unlisted on the Stock Exchanges.

cost breakup

7DSC (Class II DSC @ 1000 each) 7000
3DIN No. (for 3 Director) 3000
Government Fees 6800
PAN & TAN 175
Professional Fees 4500
GST 810
Clear

Notes:

  • Stamp Duty is a subject matter of a State and it varies from State to State.
  • Franking/stamping and Notary expenses will be on actual basis and will be borne by you.

LIST OF DOCUMENTS FOR REGISTRATION

ID PROOF
PASSPORT SIZE PHOTO
ADDRESS PROOF
COMPANY ADDRESS PROOF

PROCEDURE OF REGISTRATION

INCLUSIVE IN OUR SERVICE

3 Din
7 DSC (Class-2)
Guidance for Name Search & Approval
PAN & TAN
ROC Registration Fees
Object Customization
Draftng of MOA
Draftng of AOA

FREQUENTLY ASKED QUESTIONS

It is a separate legal entity with limited liability whose shares may be freely sold and traded to the public and the words Public Limited Company is added after its name. Similar companies in the United States are called publicly traded companies. It can either be listed or unlisted on the Stock Exchanges.

No, Public limited Company is not eligible for Government Start-up Scheme.

DIN is Director Identification Number given to an existing Director or potential Director of any Company which is incorporated or to be incorporated. It is a Unique Identification Number. DIN is issued by Ministry of Corporate Affairs.

Digital Signature Certificate means singing the valuable documents electronically/digitally by an authorized person. It is used for signing the electronic forms. It cannot be used in physical documents.

No, minor cannot become a Director because for Director DIN is compulsory and to get a DIN an individual should have achieved age of 18 years or above

Yes, NRI/Foreign National Can become a Director as well as a Shareholder of the Indian Company provided he should be a Competent to Contract and the Company in which NRI/ Foreign Nationals is/are Director(s), should have at least 1 Indian Resident as a Director on its Board of Directors.

Yes, a salaried person can also become a Director of a Company provided employment agreement allow for such provisions. Generally, employers do not have any problem if their employee is Director of any Company.

The power of decision making in a company is vested in the Board of Directors, and all policy decisions are taken at the Board level by the majority rule. This ensures a unity of direction in management.

In a Public Company, the company can offer further issue of shares to its existing shareholders as right shares. The offer is subject to the approval of the existing shareholders and that to be ratified by the public in a general meeting only. It is pertinent to note that the further issue of shares cannot be issued to the Directors or any specific person, it should be made in Public and require approval in a public general meeting.

In case of wholly owned subsidiary, a copy of the Board resolution of Holding Company approving the investment in the proposed Indian Company and authorizing a person to sign the incorporation papers on behalf of the company, duly attested by the officer of the Indian Embassy in the foreign country where the registered office is situated is also required to be attached with the papers.

Authorized Share Capital is basically the maximum permissible amount of share capital that a company can issue to shareholders. A Company can change its authorized share capital whenever it require from time to time depending upon the requirement of the company subject to shareholders/members approval.

Paid-up share Capital also known as the Issued share Capital of the company is an amount of shares issued by a company to its share holders.

The registered office of a Company or legal entity is the principle/main place of business for a company and all official correspondence is sent to this location.

According to Section 2(56) of the Company Act, 2013 “Memorandum” means the memorandum of association of a company as originally framed or as altered from time to time in pursuance of any previous company law or of this Act. It is a Charter document of the company which contains basic and fundamental details about the company. Any act done beyond the scope of the MoA is void.

Article of Association are by-laws of the Company. It contained Rules & Regulation followed by the Company. It defines objectives, duties and powers of the Board of Director, Borrowing Capacity, Voting Rights, Procedure for issue and transfer of Shares.

Yes, Authorised Capital & Paid-Up Capital can be increased anytime after incorporation.