How to Register a Public Limited Company in Sikar?

Are you planning to start a Public Limited Company in Sikar? But you must be thinking about why to register a company in Sikar. Sikar, a historical city in the state of Rajasthan, India, has emerged as a growing business hub in recent years. With its strategic location, excellent connectivity, and favorable business environment, Sikar presents a lucrative opportunity for entrepreneurs and investors looking to establish a business presence. One of the key considerations when starting a business in Sikar is choosing the right legal structure, and registering a public limited company can offer several advantages.
Legal Window is here to make your dream come true. Let us discuss the Public Limited Company registration in Sikar.

What is a Public Limited Company?

A Public Limited Company is a type of business entity where ownership is distributed among multiple shareholders. It is a separate legal entity from its owners, and the liability of the shareholders is limited to the amount unpaid on their shares. Public limited companies have the advantage of raising capital by issuing shares to the public through a stock exchange, making it an attractive option for businesses with high growth potential and ambitious expansion plans.

Benefits of Public Limited Company Registration in Sikar

The benefits of Public Limited Company registration in Sikar are-

• Additional capital– Shares offered to the general public, allowing anyone to invest in the company, and bring additional capital to the company.
• Increased popularity– Stock exchange listing increases the popularity of PLC business among traders of mutual funds, hedge funds, etc., which further opens up possibilities for business opportunities for the company.
• Shared risk– Market risk is distributed with the allocation of shares to the general public in bulk.
• Success and business expansion– Shared risk, increased publicity, and additional capital together lead to opportunities for business expansion and success and investment in new profitable projects.

Why register a Public Limited Company in Sikar?

The reasons for registering a Public Limited Company in Sikar are-

• Access to Capital: Registering a public limited company allows you to raise capital from the public by issuing shares. This can provide the necessary funds for business expansion, infrastructure development, and research and development activities.
• Limited Liability: One of the significant advantages of a public limited company is that the liability of the shareholders is limited to the amount unpaid on their shares. This means that the personal assets of the shareholders are protected in case of any financial liabilities incurred by the company.
• Credibility and Prestige: Public limited companies often enjoy higher credibility and prestige in the business world. Being a public company can enhance your reputation and attract potential investors, clients, and business partners.
• Employee Attraction and Retention: Public limited companies often offer employee stock options (ESOPs) as part of their compensation.
• Transferability of Ownership: Shares of public limited companies can be easily bought and sold in the stock market, providing shareholders with liquidity and the ability to exit or transfer their ownership easily.
• Tax Benefits: Public limited companies can avail themselves of various tax benefits and incentives provided by the government, promoting business growth and development.

Documents required for Public Limited Company Registration in Sikar

The documents required for Public Limited Company registration in Sikar are-

• PAN card of the member and directors of the proposed company and Passport in case of foreigners
• Proof of identity of the member and directors of the proposed company (Aadhar/Voter ID/Driving License/Passport)
• Address proof of members and directors (utility bill/telephone bill/mobile phone bill/bank statement not older than two months)
• Latest passport size photograph of members and directors
• Proof of business address for owned property (Copy of register and latest Govt. Electricity bill or water bill)
• Proof of business address Rented/Leased (Lease Agreement, NOC from Owner, Latest Govt. Electricity bill or water bill)

Process of Registering a Public Limited Company in Sikar

The procedure for registering a Public Limited Company in Sikar is-

• Name Approval: The first step in registering a public limited company in Sikar is to choose a unique name for your business. The proposed name must adhere to the guidelines laid down by the Ministry of Corporate Affairs (MCA) and should not be identical or similar to any existing registered companies. Once you have finalized a name, you can apply for name availability through the MCA’s online portal.
• Obtaining Digital Signature Certificates (DSC): Digital Signature Certificates are required for filing electronic documents with the Registrar of Companies (RoC). The directors and shareholders of the company must obtain their DSCs from certified authorities.
• Director Identification Number (DIN): All proposed directors of the company must obtain a DIN, which serves as a unique identification number. The DIN can be obtained by submitting an online application to the MCA along with the required documents.
• Memorandum of Association (MoA) and Articles of Association (AoA): The MoA and AoA are essential documents that outline the objectives, rules, and regulations of the company. These documents need to be drafted and signed by the promoters of the company. It is advisable to seek professional assistance to ensure compliance with legal requirements.
• Filing Incorporation Documents: Once the above steps are completed, you need to file the incorporation documents with the RoC. The documents include the MoA, AoA, a declaration by the proposed directors, and other required forms. Along with the documents, the prescribed registration fees must be paid.
• Obtaining Certificate of Incorporation: After verifying the documents and payment, the RoC will issue a Certificate of Incorporation, which serves as proof of the company’s legal existence. This certificate includes the company’s unique Corporate Identification Number (CIN).

Final words

In conclusion, registering a public limited company in Sikar can be a wise decision for entrepreneurs and investors looking to tap into the city’s potential. With its favorable business climate, access to capital, limited liability, and other advantages, a public limited company can provide a solid foundation for growth and success. It is advisable to consult with legal and financial professionals to navigate the registration process smoothly and ensure compliance with all legal requirements.

In case of any query regarding the Public Limited Company registration in Sikar, a team of expert advisors from Legal Window is here to assist you at every step. Feel free to reach us at  72407-51000