SERVICE: Public Limited Company

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PRICE: 2,999.00

*Government and other charges extra

    Public Limited Company as per Companies Act

    As per Companies Act, 2013, it is a company that has limited liability and offers shares to the general public. The stocks of this type of company can be acquired by anyone, either privately or through Initial Public Offering (IPO) or via trading on the stock market.

    Requirements for Company

    A Public Limited Company is required to have minimum number of 7 members, including minimum 3 directors and it has no cap on the maximum number of members. This type of company is also required to have a minimum paid-up capital of Rs. 5 lacs or such higher amount as prescribed by the Act. Further, the public limited companies are required to issue the prospectus and these type of companies must have ‘limited’ word in their name.

    Categories of Company

    Types of Public Limited Company

    Get your Public Limited Company registered through TaxHelpdesk

    TaxHelpdesk Service Process

    Once your order is placed, TaxHelpdesk’s dedicated team for reviewing of documents will check the documents uploaded by you within 24 working hours. After reviewing documents, a Tax Expert will be assigned and your order will be processed. Apart from this, you also will be able to check the status of the order in your assigned account.

    What is the registration process?

    It can be registered by following these steps:

    Registration of Public Limited Company

    Note
    A completed SPICe+ form has to be submitted on the MCA portal in order to apply for company registration. Furthermore, the Director of a company needs to register on the MCA portal to fill the SPICe+ form and submit the required documents. After the registration process is completed, the director will get access to the MCA portal services which comprises of filing e-forms as well as viewing of public documents.

    Difference between Private Limited Company & Public Limited Company

    difference between public limited company and private limited company

    Documents to be submitted for registration

    Documents to be submitted by Directors
    – Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
    – Scanned copy of Voter’s ID / Passport / Driver’s License / Aadhaar Card
    – Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Electricity or Gas Bill
    Scanned passport-sized photograph

    Documents to be submitted for Registered Office

    – Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Electricity or Gas Bill of the owner of the property where the registered office of the company is situated.
    – Scanned copy of Notarised Rental Agreement in English
    – Scanned copy of No-objection Certificate from property owner
    – Scanned copy of Sale Deed/Property Deed in English (in case of owned property)

    Time limit for registration

    Time period taken from the date of application on submission of all the required documents:

    Particulars

    Time Involved

    Application of DIN of Proposed Directors

    1-2 days

    Application of DSC of Proposed Directors

    3-7 days

    Drafting of MOA and AOA

    2-3 days

    Filing of SPice Form

    1-2 days

    Issuance of Certificate Incorporation

    5-10 days

    Obtaining of commencement of business certificate

    2-3 days

    All the processes stated above can be taken up simultaneously. However, the process of company registration can take up to 15-20 days, subject to the documents submitted and workload of the concerned government department.

    Advantages & Disadvantages of Public Limited Company

    Advantages

    Disadvantages

    – Limited liability

    – Additional capital can be raised via share capital

    – Greater borrowing power

    – Shareholders can sell their shares

    – Artificial person

    – Profit is shared among lot of people

    – More statutory regulations

    – Lack of overall ownership

    – Complicated winding up process

    – Lots of compliances

    FAQs

    Public limited companies are the only class of company which are allowed to raise funds from the general public at large. The process of listing a company and raising the funds from public by making offer is known as Initial Public Offer (IPO). IPO is the process through which shares are offered by the companies to raise funds.

    The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in an Indian Public Limited Company

    No. there is no need to be present physically. Since all the documents are uploaded online, physical presence is not require

    Yes, foreign nationals/NRIs can invest in the shares of the public limited company subject to the guideline of Foreign Direct Investment (FDI) guidelines.

    The public limited company becomes active on incorporation and remains in existence as long as the annual compliances are done on a regular basis. If it is not done so, then the company becomes dormant and its name will be removed from the register maintained by Registrar of Companies after a certain period of time. On the removal of the name of company, the same can be revived up to a period of 20 years from the date of removal of the name.

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