Public Company Registration
Public Company Registration For As Low As Rs. 349
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Public Limited Company Registration
A Public Limited Company is a creation of law and can be incorporated as per the law and provisions contained in The Companies act 2013 and the rules made thereunder. Any seven-person can start Public Limited Company with no limitation to the number of shareholders in the company. This form of business is suitable for large scale of business where the capital requirement is very high and the company is willing to obtain money from the public at large. We shall be extending our support at the initial consultation to draft the objects and name selection for the company, to file the necessary application for incorporation and regular followup with the ROC until the certificate of incorporation is issued.
Key points of difference between a private limited and a public limited company are:
A public limited company is a company listed on a recognized stock exchange and the stocks are traded publicly. On the other hand, a private limited company is neither listed on the stock exchange nor are they traded. It is privately held by its members only.
The minimum number of members required to start a public company is seven. As against this, the private limited can be started with a minimum of two members.
In case of a public company, it is compulsory to call a statutory general meeting of members. There is no such compulsion in case of a private company.
The issue of prospectus or statement is mandatory in case of public company. However, this is not the case of a private company.
The public company will require a certificate of commencement post incorporation to begin its operation. In contrast to this, a private company can start its business right after its incorporation.
The transferability of shares is restricted completely in private limited company. While the shareholders of a public company can transfer their shares freely.
Since there is a limited number of people and fewer restrictions, the scope of a private limited company is limited. In contrary, the scope of a public company is vast. This is because the owners of the company can raise capital from the general public and have to abide by may legal restrictions.
There is a greater regulatory burden on a public limited company. This is because a great amount of information has to be made available to the public who are shareholders or prospective shareholders. A lot of money has to be invested in order to prepare reports and disclosures that match with the regulations provided by SEBI.
A signed written resolution is received by holding general meetings of a private limited company.
While it mandatory for public companies to appoint a company secretary, private companies may choose to do so only at their will.
Depending upon one’s need a type of company is chosen to be registered. However, the principal reason for choosing a public company is to have the ability to offer shares to the public. One has to pay a price for this by complying with a greater number of restrictions and considerable loss of privacy.
Public limited company Registration Online Process
Documents Required For Public limited company
Mandatory Requirements for Public Company Registration ?
Who can start a Public Company in India?
This is one of the most important question that is asked by every person who is willing to start a company in India.Through there is no restriction on anybody to form a company in India, but still, we would like to discuss some special cases:
- Students: Students over and above the age of 18 can form any type of company in India.
- Employees: Employees are generally not allowed by their employers to form a company and be a director. They may hold shares but cannot take position as director. If you want to open a company, then check your employment agreement and you may also seek permission from the respective employer.
- Person with criminal background: Though they are not barred to form a company, however, they need to give various declarations to the ROC.
The primary requirement to incorporate a public limited company is that it requires minimum 7 shareholders and 3 directors. The minimum Authorised Capital of the company is prescribed to ₹ 5 Lakhs instead of ₹ 1 Lakh in case of Private Company.
The suffix “Private Limited” will be replaced with “Limited.” For this change, the company has to seek permission from the shareholders and after that make the required changes in the MoA to get it amended.
Since the Public limited company deals with the public’s money, it requires taking measures which increase the statutory compliance on its part. The regulatory liabilities are not restricted to the income tax but with ROC/MCA, SEBI, RBI, etc. It is important to take extra measures as the stakes are pretty high than any other company.
Once the name approval letter is received from the ROC, the MoA and AoA are required to be drafted. The name clause and capital clause are altered along with the removal of restriction to Private Company as provided by definition.
The company can start its business operations as a Public Company on receipt of the fresh Certificate of Incorporation from RoC.
Legalstartup.in can help you convert your Private limited into a Public Limited Company within 20-25 working days. The time taken for conversion will depend on the submission of relevant documents by the client and speed of Government Approvals. To ensure speedy conversion, one should ensure that all the required documents are submitted.
PLC company limited is the short form of Public Limited Companies. The word ‘INC’ in the end is used by the companies registered in USA, e.g. Animaker Inc. etc.
With Legalstartup.in, it takes around 10 to 15 days to register the Company. Further, in case you need a quick registration, you need to provide us the documents on time or as early as possible.
DSC for Seven Promoter
DIN for Three Directors
Name Approval of the Company
MOA & AOA of the Company
Certificate of Incorporation
PAN & TAN of Company
Everything from Basic Pack +
Commencement of Business Certificate
Issue of Share Certificate for Promoters
Stamp Duty on Share Certificate
Everything from Standard Pack +
First Auditor Appointment
Filing of ADT-1 Form to ROC
GST Ready Cloud A/c Software
GST Return for Six Month
TDS Return for Six Month
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