Public Limited Company Registration

WHAT IS PUBLIC LIMITED COMPANY REGISTRATION ?

1. A public limited company is the legal designation of a limited liability company that has offered shares to the general public and has limited liability and has more credibility and transparency in business than a private limited company.
2. Public limited companies have high financial exposure to source capital from the Public as Equity or debenture or deposit. To register with a minimum of three Directors.
3. A public limited company has all the advantages as of Private limited company and have ability for unlimited number of members; The public company means a company which is not a private company and has minimum of 7 shareholders/subscribers

What are the key steps involved in registering a public limited company in India?
Registering a public limited company involves several steps. We'll need to start by obtaining a Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the directors. After that, we'll apply for the name approval of the company with the Registrar of Companies (RoC). Once we have the name approval, we'll prepare the necessary documents, including the Memorandum of Association and Articles of Association, and file them with the RoC. Finally, we'll obtain the Certificate of Incorporation to officially establish the company.

How many directors are required to register a public limited company, and what are their eligibility criteria?
To register a public limited company, a minimum of three directors is required. They must be individuals with a Director Identification Number (DIN). There are no strict eligibility criteria for directors, but they should be of legal age, sound mind, and not disqualified under any applicable laws.

What is the minimum share capital required for a public limited company?
As per the Companies Act, 2013, there is no specific minimum share capital requirement for a public limited company in India. You can start with any amount of authorised and paid-up capital that suits your business needs. However, you should consider the capital requirements for your business operations and allocate shares accordingly.

What are the compliance requirements for a public limited company after registration?
After registration, a public limited company must comply with various statutory and regulatory requirements. This includes conducting annual general meetings, maintaining statutory registers, filing annual financial statements and annual returns with the RoC, and adhering to the Companies Act, 2013, and other applicable laws. We will assist you in meeting these compliance requirements to ensure the smooth operation of your company.

How long does it typically take to register a public limited company in India?
The timeline for registering a public limited company can vary depending on factors like name approval, document preparation, and government processing times. On average, it can take approximately 20 to 30 days to complete the registration process, assuming all documents and approvals are obtained promptly.

Documents Required

1. Self attested copy of PAN and Aadhar Card
2. Self attested copy of Voter’s ID/Passport/Driver License (Any One)
3. Latest Bank Statement/Telephone or Mobile Bill/Electricity / Gas Bill (Not older than 2 month)
4. Scanned passport-sized photograph
5. Registered Address Proof (Electricity bill/Water bill)
6. NOC from Owner (If rented/consented property)
7. In case of Foreign Citizen
8. Self attested copy Passport (It must be Notarized or Apostilled in the Resident country)
9. Self attested copy of Latest Bank Statement/Telephone/Electricity Bill  (It must be Notarized or Apostilled in the Resident country)
10. Scanned passport-sized photograph

Starting a Public Limited company involves several steps and processes. Here's a professional outline of the steps generally followed to register a Public Limited company: