Public Ltd Co. Registration

A Public Limited Company under the Company Act 2013 is a company that has limited liability as well as gives dividends to the general public. Establishing a Public Limited Company is a perfect option for large-scale businesses that need a huge capital.

For a public limited company, there is a requirement of at least seven members with no limit on the maximum number of members or shareholders for opening a Public Limited Company.

A Public Limited Company is firmly controlled and also needs to issue its true monetary health to all its shareholders

Minimum Requirements to Register a Public Limited Company:

• Minimum seven persons·
• Capital requirement ·
• Resident director ·
• Exclusive name of the company

Process of Registration for Public Limited Company

To form a public limited company, there are several rules and regulations given under the companies act, 2013. All these rules need to be followed strictly to run the company smoothly.

The process of a public limited company includes:

• The requirement of at least 7 shareholders ·
• Minimum 3 directors are needed to establish a public limited company
•  Share capital of a minimum of Rs.5 lakh is also needed ·
• At the time of submitting self-attested copies of identity and address proof, a digital signature certificate of one of the directors are required
• Directors of the proposed company will also require a DIN  For the selection of the company’s name, an application needs to be submitted
• Submit an application that contains the main object the clause of the company. The object clause defines what the company will follow once it is incorporated
• Apply for ROC along with needed documents ·
• Payment of the prescribed registration fees is also needed ·
• Once the approval is attained from the ROC, apply for the certificate of business commencement

Documents required for public limited company registration

Papers of the company & promoters

•  Photo & ID proof of each promoter
•  Address proof of the promoter
• PAN card of each promoter

Documentation for the company registered address

• ·Registered office proof is required
•  Utility bill as proof which must be latest
•   NOC from the owner of the premises

Advantages of public limited company registration

•   There is an easy transfer of shares
•   The perfect option for heavy investment
•   Limited liability protection to directors’ assets
•   Simple to raise funds and loans
•    Excellent credibility and image in the market

Therefore, if you need any help with public limited company registration then you can contact BusinessBadhega.com.

Note:- Fee Plus Government Charges addon & as per actual