Public Limited Company Registration

Register your Public Limited Company at Just  ₹ 15,500/- only (Inclusive of all fees)

 

Ideal for raising capital from the market

 

For medium and large-sized business

 

Simple & Secure Online Process

 

Dedicated Professional

 

Get Registration in 7-10 Days

 

Get Post Incorporation Assistance

 
 

Introduction of Public Limited Company

A Public Limited Company assures the limited liability to its Members and Owners. The major advantage of incorporating this type of entity is that a Public Limited Company is freely allowed to raise funds from public by following certain norms and regulations and results beneficial in raising capital. Though the regulatory requirements are much more strict than the Private Limited Company .

Here, it can be formed with seven Members and three Directors with no minimum capital requirements. It is beneficial to establish such Company when the investors are large in size and involves public at large. The shares of this type of entity are freely transferable in the market. It enjoys the basic features and advantages as granted by the Companies Act, 2013 such as Separate Legal Entity and Limited Liability.

Legal Window has team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to Company formation process. You may get in touch with our team on 072407-51000 or email admin@legalwindow.in for Public Limited company registration and Compliance services

Advantages of Public Limited Company

Medium for preferred Investments

While investing, an investor prefers in dealing widely in the market and hence it open doors for the Public Limited Company to attract more funds from the market as their shares are freely transferable.

Limited Liability 

The liability of the Members is limited to the extent of Capital invested by them in the Company and therefore, they cannot be held personally liable for it also it is a legal entity which means it is different from its Members and Directors.

Listing on stock exchange

A Public Limited Company can get itself registered on stock exchange by complying with certain norms which increase the scope of diversification of business and widening the shareholder base and also increasing the risk.

Easy to make acquisitions

As Public Limited Company's are more approachable and also has many other advantages like liquidity which makes them attractive for the potential investors at the time of Merger and Acquisitions and it has a greater borrowing capacity.

Minimum Requirements

Minimum three persons as Director and maximum fifteen

Minimum seven persons as Members

Minimum one Director shall be Indian resident

Digital Signatures of Subscriber and Directors

No Minimum Capital requirement

Director Identification Number if available

Documents Required for Incorporation

PAN Card of the Member and Directors of the proposed Company
Passport in case of Foreign Nationals

Identity Proof of the Member and Directors of the proposed Company
(Aadhar /Voter ID/Driving License/Passport)

Address Proof of the Members and Directors (Utility Bill/Telephone Bill/Mobile Bill/Bank Statement not older than two months)

Latest passport size photograph of Member and Directors

Business Address Proof
Owned Property
: Copy of Registry and Latest Govt. Electricity Bill or Water Bill

Business Address Proof
Rented/leased:
Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill

Note:-   In case of NRI or Foreign National documents of Directors and Subscribers must be notarized or apostilled .

Process of Incorporation of Public Limited Company 

1. Complete the Application Form
You are requested to first fill the simple questionnaire provided by our expert team.


2. Document Processing
At the second step we will be requiring the documents in accordance with the questionnaire filled by you so that we can arrange them as per the requirement and for processing.

3. Application for DSC
First of all DSC (Digital Signature Certificate consisting of the E-signatures) is required to be prepared. This step can be ignored if prepared already. It will approximately take 1-2 days.

4. Name Availability
The next step is to check the name availability. The name should be unique in nature and should not be similar to name of any other entity registered. It may take at least 1-2 days.

5. E-filing for incorporation of a Company
Once the name is approved, an online application is required to be filed through SPICE+ along with the requisite documents as obtained from the client with ROC.  The MOA as well as AOA shall be filed online. This process again takes approximately 2-3 days.

6. Get Certificate of Incorporation
Once the Company gets incorporated we will share all the docs like Incorporation Certificate, MOA , AOA and Digital Signatures.


Pricing

Regular

₹ 15500/-

  • 7 Digital Signature Certificates
  • 3 Director Identification Numbers
  • 1 Name Approval Application under SPICe+
  • Stamp duty on INR 5 Lakh Authorized Capital (Rajasthan)
  • Company Incorporation using SPICe+
  • MOA & AOA
  • PAN & TAN
  • GST Registration
  • ESI and PF Registration
  • Bank Account Open
  • INC 20A Commencement of Business Certificate
  • Free consultancy by expert CA for 6 months

Supreme

₹ 29500/-

  • 7 Digital Signature Certificates
  • 3 Director Identification Numbers
  • 1 Name Approval Application under SPICe+
  • Stamp duty on INR 5 Lakh Authorized Capital (Rajasthan)
  • Company Incorporation using SPICe+
  • MOA & AOA
  • PAN & TAN
  • SSI/MSME Registration
  • Trademark (1 application 1 class) (startups, proprietorship & small business)
  • ISO Certificate ( QMS 9001:2015 )
  • 25 Copies of MOA & AOA
  • Share Certificate & Company Seal
  • ESI PF Registration
  • Bank A/c Open
  • GST Registration
  • INC 20A Commencement of Business Certificate
  • Import Export Code ( IEC )
  • Free Consultancy by expert CA for next 1 year

More Insights on Public Limited Company Registration

How to Select the Name of Company

  • You can check Company name availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. Our team will assist you in the selection of name of company.
  • Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Legal Window by clicking on the below mentioned link Trademark Registration

Other Key Points

  •  If the proposed Director is already having the DIN then you can also check whether DIR-3 KYC iscompleted. You can verify the same with the help of our experts. If the same is not done yet, it can be done with help of Legal Window.

  • The Public limited company is required to manage all the compliances after incorporation of the company like appointment of statutory auditor, filing commencement of business, Income Tax Filing, Annual Returns with ROC and other compliances as required by the law. Legal Window has a team of experts who keeps an eye on the due dates of your compliances and reminds you through mails.

 Income Tax Rate for Public Limited Companies for F.Y. 2020-2021  

Domestic Company Turnover > Rs. 400 Cr

Net Taxable Income Income Tax Rate Surcharge  Health & Education Cess 
Upto 1 crore 30% Nil 4%
Above 1 crore but upto 10 crore 30,00,000+ 30% 7% 4%
Above 10 crore 3,00,00,000+ 30% 12% 4%

Domestic Company Turnover < Rs. 400 Cr

Net Taxable IncomeIncome Tax RateSurcharge Health & Education Cess 
Upto 1 crore25%Nil4%
Above 1 crore but upto 10 crore25,00,000+ 25%7%4%
Above 10 crore2,50,00,000+ 25%12%4%

Choose the right entity type after comparing different business structures

BasisPrivate Limited CompanyPublic Limited CompanyOne Person CompanyLimited Liability PartnershipPartnership FirmProprietorship Firm
Registration RequirementCompanies Act, 2013Companies Act, 2013Companies Act, 2013LLP Act, 2008Registered/UnregisteredNo Specific Criteria
Number of members2 – 2007-∞Only 1Unlimited2 -50 partnersOnly 1
Number of Director2-153-15Only 12 designated partnersNANA
Naming of EntityUniqueUniqueUniqueUniqueNo GuidelinesNo Guidelines
Capital RequirementZeroZeroZero*ZeroZeroZero
Liability of EntitiesLimitedLimitedLimitedLimitedUnlimitedUnlimited
Foreign InvestmentEligibleEligibleNot EligibleEligibleNot AllowedNot Allowed
Statutory AuditMandatoryMandatoryMandatoryMandatoryNot RequiredNot Required
Compliance LevelAnnual ComplianceAnnual ComplianceAnnual ComplianceAnnual ComplianceLess ComplianceZero Compliance
Tax Rate22%22%22%30%30%Individual Tax Rate
 Know MoreGet Started Know MoreKnow MoreKnow MoreKnow More

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FAQs on Public Limited Company

How many people are required to form Public Limited Company?

Minimum three Directors and Seven Members agreeing to subscribe the shares of the Company.

Can a Foreign National or NRI be a Director of a Company?

Yes, the above person can become a Director post obtaining Director Identification Number. However one Director should be Indian Resident.

What is the maximum time period to deposit the money for share agreed to be subscribed by the First Members of the Company?

A Member is required to deposit the money  in the bank account at the earliest and file the form for commencement within 180 days from the date of incorporation of the Company.

Is it mandatory to have an Auditor and if yes in what time period it is required to be appointed?
As per Companies Act, 2013 it is compulsory to have an individual or firm as an Auditor of a Company. The first Auditor shall be appointed within 30 days from the date of Incorporation by the Board of Directors .
What are the post compliance after company incorporation? 

Once, the company gets registered, it should comply with the following within the prescribed time frame.

  • Opening of the company’s current account and depositing the subscription money
  • Appointment of a Statutory Auditor within 30 days of incorporation
  • Issue and allotment of shares and provide Share Certificate
Can I provide the residential place for registered office of the company?

You can register a Public Company at a commercial or residential place by providing the documents as specified. There is no restriction by the department.

How to transfer the shares in public company?

You can only transfer the shares by complying with the regulations of Companies Act, 2013 and it is necessary for the public company to get the shares dematerialised with NSDL/CDSL before transferring the shares or before introducing the capital in the company.

Can a Director or Shareholder be a same person?

Yes, a Director can also become a shareholder and vice versa as a Company is a Separate Legal Entity.

What is the minimum capital requirement to form a Public Limited Company?

There is absolutely no minimum capital required but generally people prefer and are advised to incorporate the same with a minimum capital of Rs. 5 Lacs.

Can the money deposited in bank account as subscription money be withdrawn?

No, the money cannot be withdrawn but can be used by the Company for official purpose like for paying salary to staff and employees, other administrative expenses etc.

Whether it is necessary to have a PAN Card?

Yes, for Indian nationals becoming a Director in a Company it is mandatory to have a PAN Card and Passport in case of Foreign Nationals.

 What is Company Registration Certificate?
It is the documentary proof evidencing that the Company has been registered and having its unique identification number as Corporate Identification Number.
Can a Public Company carry multiple businesses under one name?

Yes, a Public Company can carry multiple related business activities if it is mentioned in the company’s objects and been approved by the registrar. You can not operate entirely different activities like construction and Food Company under one name.

What are the Annual Statutory Compliance requirements to be complied by a Public Company?

During every financial year, the company must hold at least 4 board meetings (one in each quarter) and one Annual General Meeting (AGM) and EOGM if required. Further, the company has to get the financial statements audited by an independent auditor. Subsequently, it shall file forms like AOC – 4 and MGT – 7 , MGT-14 and other forms as applicable as part of Annual Compliance within given time.