A public limited company in India is a type of company that is incorporated under the Companies Act, 2013 and has limited liability. It is a company whose shares are traded publicly on the stock exchange and can be bought and sold by anyone. A public limited company can have a minimum of 7 shareholders and no limit on the maximum number of shareholders. It is required to have at least 3 directors and can have a maximum of 15 directors.
Some key features of a public limited company in India are:
Limited Liability: The liability of shareholders is limited to the amount they have invested in the company, and their personal assets are not at risk in case of business losses or liabilities.
Share Capital: A public limited company can raise capital from the public by issuing shares, debentures, and other securities.
Public Offering: A public limited company can offer its shares to the public through an Initial Public Offering (IPO) and can list its shares on the stock exchange.
Regulatory Compliance: A public limited company is subject to various regulatory compliance requirements, such as filing of annual returns, conducting board meetings, and holding Annual General Meetings (AGMs).
Professional Management: A public limited company is managed by a Board of Directors, who bring in their expertise and experience to manage the company and make strategic decisions.
Greater Credibility: A public limited company has greater credibility in the eyes of customers, vendors, and investors, as it is a registered legal entity and is subject to regulatory compliance.
Perpetual Succession: A public limited company has perpetual succession, which means that the company can continue to exist even if one or more shareholders leave or die.
However, setting up a public limited company involves a complex and time-consuming process, and it is subject to various regulatory compliance requirements. Additionally, a public limited company is required to disclose its financial statements to the public and comply with various disclosure requirements under the Securities and Exchange Board of India (SEBI) regulations.
There are several benefits of registering a public limited company in India, which include:
Access to capital: A public limited company can raise capital from the public by issuing shares, debentures, and other securities. This enables the company to raise a large amount of capital from a wide range of investors.
Limited liability: The liability of the shareholders in a public limited company is limited to the amount they have invested in the company. This means that their personal assets are not at risk in case of business losses or liabilities.
Greater credibility: A public limited company has greater credibility in the eyes of customers, vendors, and investors, as it is a registered legal entity and is subject to regulatory compliance. This can help the company to build a strong brand image and establish trust in the market.
Professional management: A public limited company is managed by a board of directors, who bring in their expertise and experience to manage the company and make strategic decisions. This can help the company to improve its efficiency and productivity.
Perpetual succession: A public limited company has perpetual succession, which means that the company can continue to exist even if one or more shareholders leave or die. This ensures that the business continuity is not affected by changes in ownership.
Transferability of shares: Shares of a public limited company can be bought and sold on the stock exchange, which provides liquidity to the shareholders and enables them to easily transfer their ownership in the company.
Tax benefits: Public limited companies are eligible for various tax benefits and incentives provided by the government. For example, they can claim deductions for expenses incurred for research and development, and can also avail of various tax exemptions and concessions.
However, setting up a public limited company involves a complex and time-consuming process, and it is subject to various regulatory compliance requirements. Additionally, a public limited company is required to disclose its financial statements to the public and comply with various disclosure requirements under the Securities and Exchange Board of India (SEBI) regulations.
To register a public limited company in India, the following documents are required:
Identity proof: Identity proof of all the directors and shareholders of the company, such as PAN card, Aadhaar card, passport, or driving license.
Address proof: Address proof of all the directors and shareholders of the company, such as Aadhaar card, passport, utility bills, or bank statements.
DIN and DSC: Directors Identification Number (DIN) and Digital Signature Certificate (DSC) for all the directors of the company.
Name availability: Application for availability of name of the company.
MOA and AOA: Memorandum of Association (MOA) and Articles of Association (AOA) of the company.
Certificate of Incorporation: Certificate of incorporation issued by the Registrar of Companies (ROC).
PAN and TAN: Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) of the company.
Bank account: Bank account opening documents for the company.
Board resolution: Board resolution for authorizing the registration of the company.
Shareholding pattern: Shareholding pattern of the company.
Registered office: Proof of registered office address of the company, such as rent agreement, lease deed, or sale deed.
These documents may vary depending on the state where the company is registered and the specific requirements of the Registrar of Companies. It is advisable to consult a professional chartered accountant or company secretary for guidance on the registration process and documentation requirements.
In order to get your company registration process started, we would request you to either fill the contact form below or call us directly on +91.8920769787.
Once done, a designated account manager from our team will connect with you to understand the requirements and expectation you are having with your future company. You will be allowed to choose the desired medium to be contacted and updated about the ongiong process in regard to your company registration.
We prefer to connect with you over WhatsApp, Telegram, Email, Live Chat or our CRM directly.
Once the registration process is clear and understandable to you, you will be able to proceed with the payment in favor of DV.ASSOCIATES.
Once you are in touch with your account manager, you will be provided with a payment link to complete your payment online.
In case you want to transfer directly to our bank account of pay by DD/Cheques or Cash, you can schedule an office visit to complete the payment process.
Once your case is confirmed, you will be asked to upload the necessary documents in a secure environment.
You can either send your documents via E-Mail or WhatsApp or your designated account manager will send you a link to directly upload your documents to our self hosted and secure CRM.
The privacy of our clients is our top most priority. We do not share your information with anyone for any purpose.
For further information about documents, file formats and the process of uploading, please get in touch with your account manager.
The time taken in the registration of sole proprietorship company is between 4-10 days.
In some (exceptional) cases, some clarifications are demanded from the department of GST which may increase the time to obtain the company registration certificate.
The Final Delivery of the document is done over Email and the same can also being sent via registered post (on request).
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