Process of Registration by Taxhub
Upload the basic Documents
Choose your Requisite plan and pay the Fees
Taxhub apply for DSC and file RUN for name approval
Taxhub file Requisite Form with MOA and AOA
Get your Public Limited Company Registration Docket
Minimum Statutory Requirements
- For Incorporation of the Public Limited Company minimum three directors are required and from that two at least one should be Indian Resident
- Public Limited Company must have minimum seven shareholders and that shareholder can be an Individual, Body Corporate or a combination of both.
What is Public Limited Company?
Public Limited Company is the business entity which offers its shares to the public or whose securities are traded in the stock market. Such companies get access to substantial capital through the public issue of shares. Minimum three Directors, seven shareholders and a registered office are required to incorporate a Public Limited Company.
Public companies are strictly organized and are required by law to announce their complete and true financial position so that investors can determine the true worth of its stock (shares). Also called publicly held company.
The word Public Company defined under Section 2(71) means a company which—
(a) is not a private company.
(b) has a minimum paid-up share capital as prescribed under the Act:
Any company which is a subsidiary of Public Company shall be considered as a Public Company.
Public Limited Company Registration Process in India
There are various prescribed rules and regulations have been stated for public limited company formation and incorporation in India under the new Companies Act 2013. It is mandatory for one to follow each and every step while applying for certification of the same company. Here below we bring you with steps to register a public limited company in India.
- Acquire the Digital Signature Certificate
- Application for DIN of Director
- Application for approval of Private Limited Company Name.
- Application for Incorporation of Public Limited Company through E Form.
- Issue of Certificate of Incorporation.
- Apply for certificate of commencement of Business.
Basic Documents Required
- Copy of Pan Card of Directors (Mandatory)
- Copy of any one i.e Aadhar Card, Voter ID, Passport and Driving License (As Identity Proof)
- Copy of any one i.e. Bank Statement/Electricity/Telephone (As Residence Proof)
- Directors Passport Size Colour Photograph (Scan Copy)
If Property is owned by any Director or shareholder
- Copy of Sale Deed of the Property
- Copy of any one utility bill i.e. Electricity/Telephone/Gas/Water/Mobile
- NOC from the Owner (Taxhub will provide a draft copy)
Shareholder:-
- Copy of Rent Agreement
- Copy of any one utility bill i.e. Electricity/Telephone/Gas/Water/Mobile
- NOC from the landlord (Taxhub will provide a draft copy)
25,999/-
All Inclusive Fees
| Seven DSC, Three DIN |
| Authorized Capital of ₹10,00,000/- |
| Draft & Execute MOA/AOA |
| Certificate of Incorporation |
| Share Certificate |
| Business Commencement |
| Obtain Firm PAN/TAN |
| Assistance in opening of Bank Account |
| GST Registration |
* In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10,000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
49,999/-
All Inclusive Fees
| One DSC, One DIN |
| Draft & Execute MOA/AOA |
| Certificate of Incorporation |
| Share Certificate |
| Business Commencement |
| Obtain Firm PAN/TAN |
| Assistance in opening of Bank Account |
| GST Registration |
| MSME (Aadhar Udyog Registration) |
| Book Keeping for 1 Year |
| Income Tax Return Filing |
| ROC Annual Compliances |
* In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10,000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
69,999/-
All Inclusive Fees
| One DSC, One DIN |
| Draft & Execute MOA/AOA |
| Certificate of Incorporation |
| Share Certificate |
| Business Commencement |
| Obtain Firm PAN/TAN |
| Assistance in opening of Bank Account |
| GST Registration |
| MSME (Aadhar Udyog Registration) |
| Book Keeping for 1 Year |
| Income Tax Return Filing |
| ROC Annual Compliances |
| One Year GST Return Filing (GSTR 1 & GSTR 3B) |
* In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7500 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.10,000 will be applicable. In case of Kerala, an additional stamp duty of Rs.3000 will be applicable.
Benefits of Public Limited Company Registration in India
Public Limited Company enjoys the benefit of Separate Legal Identity in the eyes of law which clearly states that assets and liabilities of the business are not the assets and liabilities of the Directors.
Selling shares to the public means that anyone can invest in your company, meaning greater options for where to source value funds. Also a Public Limited Company can easily obtain funding from the Bank and other financial institutions since they are more willing to extend financing to this type of company.
Perpetual Succession means the company shall continue to exist even if the member dies or ceases, etc. Changes within the management does not bring any affect onto the identity of the company, the Company will remain the same with same privileges, immunities, estates and possessions. A company has ‘perpetual succession’, that is continued or uninterrupted existence until it is legally windup.
The liability of each member or shareholders is limited. It means that if a company faces loss under any circumstances then its shareholders are liable to sell their own assets for payment. The personal, individual assets of the shareholders are not at risk.
Shares are Freely Transferable in Public Company. To start a company, a minimum number of 7 members are required and no restrictions on the maximum number of members.
Public limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Public Limited Company instead of proprietorship or normal partnerships. The particulars of the company are available on a public database. Which improves the credibility of the company as it makes it easy to authenticate the details.
Shares of a company are movable property and thus can be transferred like any other property. A public company can freely transfer its shares, but there are some restrictions.
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted.
