pUBLIC limited company registration @ 25000/- Flat

EVERYTHING is included in 25000/- FLAT

  • Includes All Government Fees
  • Includes Professional Fees also
  • Company Name Reservation
  • DIN for 3 Directors
  • Digital Signature for 3 Directors
  • Minimum 7 Shareholders
  • Minimum 5 Lakhs Capital
  • MOA & AOA
  • Share Certificates
  • Guidance to open local Bank Account
  • NO HIDDEN FEES. FLAT 25000/-

* Price is valid for Whole India except Punjab & Madhya Pradesh

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Public Limited Company Registration in India

Finance Bazaar is providing Public Limited Company registration service with the pest price in the market, without any hidden charges and never ask for full payment before company registration. So, if you are looking for those who can provide best service in this market, then welcome to Finance Bazaar. We provide free advice from our expert Chartered Accountant, so call us immediately to book your company name today.

What is Public Limited Company

A public limited company is a voluntary association of members which can be incorporated by seven or more persons. It has an independent legal existence apart from its members who built it. It must have at least of seven members but there is no limit as regards the maximum number. Its shares are freely transferable and that too without the prior consent of other shareholders. It is independent legal person, its existence is not affected by the death, retirement or insolvency of any of its shareholders. These companies can invite deposits and from capital the public. These Companies can be unlisted or listed.

A public limited company grants restricted liability to its management and owners. A public company allows a firm to sell shares to financier this is beneficial in raising capital. There should be at least three persons for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company.

Public Limited Companies are those types of companies where minimum members is seven and there is no cap on the maximum number of members. A public limited company has most of the attribute of a private limited company. A public limited company has all the benefits 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, management, shares, formation, number of members, directors and meetings, etc.

Public Limited Company Registration Requirements

Minimum Seven People: Minimum seven people are required to start the public limited company in India. These companies shall have minimum three directors. The same seven people can become shareholder and director of the company. However, maximum any number of people can become shareholder in the public limited company.

No Minimum Capital: Capital of the business is depending on the need of the business and statutory no minimum capital is required to start the public limited company. However, minimum authorized and subscribed share capital required for public company is Rupees five lakh.

One Resident Director: Among director, one person must be Indian citizen.

Unique Name: The name of the public limited company should be unique and should not be similar to the any existing company name or trademark.

A Public Limited Company is strictly controlled and is required to publish its true financial health to its shareholders.

  1. Characteristics of Public Limited Company
  2. Advantages of Public limited companies
  3. Requirements/Process for registration of Public Limited Companies
  4. Documents required for incorporating a Public Limited Company

Characteristics of Public Limited Company:

Directors

As per the provisions of the Companies Act, 2013 to start a public limited company, a least of 3 directors are required and there is no restriction on the maximum number of directors.

Limited Liability

The liability of each shareholder is limited. In simple words, a shareholder of a public limited company isn’t personally responsible for any debts or loss of the company for any amount greater than the amount invested by them; contrary to partnerships and sole proprietorships, where the partners and business owners are jointly and severally liable for the debts of the business. However, this characteristic of a public limited company does not offer freedom to the stockholders. The stockholder will be held responsible for their own illegal actions.

Paid up capital

A public limited company is required to have a minimum paid-up capital of Rs 5 lakh or higher amount as prescribed under the act.

Prospectus

A prospectus is a comprehensive report of the affairs of the company issued by a public limited company for its public and there is a requirement under the Act for public limited companies to issue a prospectus.  However, there are no specific provisions for Private Limited Companies. This is because private limited companies cannot request the public to subscribe for their shares.

Name

It is a mandatory requirement under the Companies Act, 2013  for all the public companies to add the word ‘limited’ after their name.

 

Advantages of Public Limited Company Registration:

The advantages of forming a public limited company are as follows:

More capital:- Shares are offered to the general public at broad i.e. anyone can invest in a public limited company. Hence, improves capital of the company.

More attention:- Being listed on a stock market assure that mutual funds, hedge funds and other traders take note of business of the company. This can result in better business opportunities for the Public Limited Company.

Spreading risk:- Since the shares are sold to the public at large the unsystematic liability of the market is spread out.

Growth and expansion opportunities:- Due to less risk, there is a perfect opportunity for expanding and growing the        business by investing in new projects from the money raised through shares.

Larger amount of capital:- Public limited companies can bring more capital as compared to other form of organization. There can be unlimited number of shareholders, who can contribute to the capital of the public limited company.

Efficient management:- Public limited company is more efficiently managed entities as compared to other form of organization. These have larger pool of talented people, who contribute in efficient management of public limited company.

Free transfer of shares:- The shares of a public limited company are freely transferable and that too without the prior consent of other shareholders, as compared to private limited companies.

Larger Borrowing Power:- Public companies are most recognized in terms of financial assistance/borrowing from banks and financial institution and also there are several financial instruments available to public limited companies, which are not available to other form of business organization.

Limited Liability of shareholder:- Liability of shareholders of the public limited company are limited only up to the shares subscribed by them and should not be personally liable for the debts of the company in case company are unable to pay its liabilities.

Separate Legal Entity:- Public limited company legal entity are separate than its shareholders/promoters.

Perpetual Existence:- Public limited company existence will go for ever and its existence will not be affected by the death of shareholders, directors or transfer of shares to others.

Capacity to Sue and to be Sued:- Public limited company can take legal action against another and also other person can take legal action against company separate from directors, shareholders & promoters.

Ownership of property:- Public limited company can sale, purchase and own the property like individual.

Public Limited Company Registration Process

Name reservation:- The first step in incorporation is to reserve/approve the name of company. The proposed name selected should do not consist of any word which is prohibited under Companies Act, 2013. An approved name is available for a period of 20 days from the date of approval, for a new company registration. It is allowed to apply for two names and one Resubmission (RSUB) while Reserving Unique Names for companies through the RUN web service.

Digital Signature Certificate (DSC) of Director:- The application for public limited company is filed online and it is mandatorily required to be signed by the director and shareholder of the company. So DSC is required to be taken for the directors and shareholder of the company, who is required to sign the e-form for registration before filing incorporation application for the company. ID, Photo and Address proof is required to along with DSC application form for issuance of DSC.

Obtain Director Identification Number (DIN):- DIN is a unique identification number to the director issued by Registrar of the companies (ROC) for becoming a director in India. An application is filed along with address and ID proof duly attested by CS/CMA/CA.

Approval of other authorities:- The Registrar of Companies can require the applicant to furnish the approval or concurrence of any department, regulatory body, appropriate authority, or Ministry of the State or Central Government(s) in relation to the work to be done.

Document submission:- Application for registration/incorporation of public limited company is made to Registrar of Companies (ROC) along Memorandum and Article of Associations, declaration, affidavits etc. At least Seven persons are required for incorporation of public limited company.

Certificate of Incorporation:- ROC then scrutinizes the incorporation form and documents, if ROC finds the documents are in order, issues Certificate of Incorporation which is the Registration certificate of public limited company. After receiving the certificate of Incorporation, the public limited company is set to start its function.

PAN & TAN of the company:- PAN and TAN are simultaneously applied along with company registration forms and are issued along with Certificate of Incorporation and also mentions into Certificate of Incorporation.

Opening of Bank Account:- On compliance of Certificate of Incorporation & other essential documents, bank open a current account in name of company, required for smooth running of the company.

Documents required for incorporating a Public Limited Company

  • Identity proof of Directors and Shareholders
  • PAN Card for Indian Nationals (Mandatory)
  • Passport for Foreign Nationals (Mandatory)
  • Proof of nationality for Foreign Nationals
  • Proof of Identity (Voter ID/Passport/Driving License) (any one)
  •  LLP for authorization of director/partner / Resolution of the board of company
  • 2 Passport size photos.
  • Address proof of Directors and Shareholders
  • Mobile bill/Telephone/Electricity/Bank statement) (not older than two months) (any one)
  • Proof of Registered office
  • Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one)
  • Copy of the utility bills (Gas/Electricity bill/Telephone) (not older than two months) (any one)
  • NOC from Landlord
  • Other Documents
  • DSC form (physically signed)
  • Note: All the Certificates/Documents in case of Foreign Director should be additionally complied as follows:
  • Notarized (if residing in commonwealth countries)
  • Notarized & Apostilled (if residing in country which is signatory to Hague convention)
  • Notarized & Consularised (If not covered in above categories)

For any further query about the registration of Public Limited Company Registration, feel free to contact us at Finance bazaar.

Super Fast Service

Finance Bazaar offers the fastest company registration package across India. We take only approximately 20 days to register your company.

Most Affordable in India

We offer you the cheapest company registration service across India because we know that you are starting up with you own hard earned savings.

Experienced Professional CA / CS

At Finance Bazaar, we work only with experienced Chartered Accountants & Company Secretaries to handle your registration.

Status Updates

Unlike other online service providers, we update you on Whatsapp regarding your registration as soon as there is any change.

100% Online Service

Fully online service so that you can start and complete the process without running around from the comfort of your home or office.

No Hidden Charges

We are very transparent and display full charges on our website. We don’t have any hidden charges. You pay only what you see.

Generating New Ideas. Solving Big Problems

We are here to help you dream BIG.

startups registered

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Cups Of Coffee

PUBLIC LIMITED REGISTRATION PACKAGES

Always know what you’ll pay.

PACKAGE 1

PUBLIC LTD REGISTRATION

+

MSME REGISTRATION

Package Details

Company Name Reservation

Certificate Of Incorporation

3 Directors

3 DIN & 3 DSC

7 Shareholders

5 Lakh Capital

MOA & AOA

PAN & TAN

Share Certificates

All Government Fees

Includes Professional Fees

UDYOG AADHAAR MSME Registration

Rs.25000/- Flat

No hidden Charges. No Extra Charges.

PACKAGE 2

PUBLIC LTD REGISTRATION

+

MSME REGISTRATION

+

GST REGISTRATION

Package Details

Company Name Reservation

Certificate Of Incorporation

3 Directors

3 DIN & 3 DSC

7 Shareholders

5 Lakh Capital

MOA & AOA

PAN & TAN

Share Certificates

All Government Fees

UDYOG AADHAAR MSME Registration

GST Registration

Rs.27000/- Flat

No hidden Charges. No Extra Charges.

PACKAGE 3

PUBLIC LTD REGISTRATION

+

MSME REGISTRATION

+

GST REGISTRATION

+

TRADEMARK REGISTRATION

Package Details

Company Name Reservation

Certificate Of Incorporation

3 Directors

3 DIN & 3 DSC

7 Shareholders

5 Lakh Capital

MOA & AOA

PAN & TAN

Share Certificates

All Government Fees

UDYOG AADHAAR MSME Registration

GST Registration

TRADEMARK Registration

Rs.33500/- Flat

No hidden Charges. No Extra Charges.

DOCUMENTS REQUIRED FOR PUBLIC LIMITED COMPANY REGISTRATION

Only the below mentioned documents are required for public limited company registration. Nothing more. Nothing less.

PAN CARD (compulsory)

Your PAN Card is compulsory for becming a Director in a public limited company. If you don’t have one, then apply before starting the registration process.

Aadhar Card (Not Compulsory)

While Aadhaar Card is not compulsory for new public limited company registration, it is good to have one. We need Aadhar number linked to your mobile number so that we can generate your Digital Signature (DSC) in minutes.

Any 1 Identity Proof

For each Director, you need to share any one identity proof in their name which can be Passport or Voter Card or Driving License or any other ID proof.

Any 1 Address Proof

For each Director, you need to share any one address proof in their name which can be either Bank Statement or Gas bill or Water bill or Electricity bill or Telephone bill. Address proof should not be more than 2 months old.  Aadhaar is not a valid address proof. (Note – bank passbook is not valid)

Proposed Office Address Proof

The most important document is Address Proof for proposed office address which can be Electricity Bill, Water Bill, Gas bill, Telephone bill or any other utility bill. This bill can be in anyone’s name. This bill needs to be less than 2 months old. The electricity bill can also be of home address or in father name. 

Points to Remember

Total 10 documents are required for public limited company registration:

  1. All 3 Directors PAN card
  2. All 3 Directors Aadhaar card or Any Identity proof
  3. All 3 Directors Address proof
  4. Office utility bill (electricity bill)

Why we are different

Finance Bazaar offers services from startup registration and management to insurance and loans. We offer the cheapest and fastest professional services in Gurgaon, Delhi, Mumbai, Bangalore, Pune, Hyderabad, Telangana, Assam, Jaipur, Jodhpur, Chennai, Kerala, Kolkata, Vadodara, Ahmedabad, Noida, Faridabad, Ghaziabad, Greater Noida, Baddi, Rudrapur,  Punjab, Uttarakhand, Haridwar, Madhya Pradesh and many other cities across India. Our charges for company formation in India is among the cheapest and most affordable. We deliver what we promise. Always.

From Our Clients

Our clients give their honest and genuine testimonials and feedback

“I had an excellent experience during the whole registration process and never faced any problems. Finance Bazaar team is awesome.”

Harmeet Singh

founder, Infinibux Investments

“Most important of all I found their customer support team very friendly and supportive. They answered all my questions and never lost patience. Thanks for getting the job done.”

Jaspreet Kaur, Punjab

Promoter, Consulting Firm

“All other online servie providers quoted very high fees for company registration. Over here I found the best deal and got my startup registered within 12 days.”

Chandrima Barman

founder, Windberry Innovations

“Want to be an entrepreneur? Well, you have come to the right place buddy. These guys know their job and will help you get started quickly. No hassles, no worries.”

Surya Kumar Chatterjee

Director, Novosun Unibiz

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