Public Limited Company Registration

Public Limited Company Registration

Market Price : Rs. 30,000

Offer Price : Rs. 21,000

Discount : Rs. 9,000 (30%)

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What is a Public Limited Company?

Public Limited Company is a company that sells its shares to the public and possesses limited liability. It is regulated by the Companies Act, 2013 in India. Public Limited Company are suitable for big businesses which involve huge capital investment and aim to obtain funds from the public by issuing its shares.

Salient Features of a Public Limited Company

Limited Liability: The liability of shareholders is limited to the amount unpaid on their shares.

Separate Legal Entity: A Public Limited is a separate legal entity independent of its shareholders and directors.

Perpetual Succession: The company exists forever despite the lives of its shareholders or directors.

Minimum and Maximum Members: A Public Limited has a minimum of 7 members with no maximum number of shareholders.

Directors: A Public Limited should have a minimum of 3 directors without any upper limit.

Transfer of Shares: Free transfer of shares without any conditions, increasing liquidity.

Name: The name should end with the word "Limited" or "Ltd."

Greater Compliance Requirements: Public Limited Company have greater compliance and disclosure standards than private limited companies.

Raising Capital: Public Limited Company is able to raise capital through an issue of shares to the public by means of an initial public offering (IPO).

Advantages of Public Limited Company

Limited Liability Protection: Personal assets of shareholders are safeguarded against the company's liabilities.

Separate Legal Entity: The company is able to own property, incur debt, and enter into contracts separate from its owners.

Perpetual Succession: The continuity of the company remains unaffected by change in ownership or management.

Access to Capital: Capacity to raise significant amounts of capital by offering shares to the public.

Improved Credibility: Greater credibility with customers, suppliers, and financial institutions as a result of regulatory compliance and disclosure standards.

Share Liquidity: Shares can be transferred and traded freely on stock exchanges, making shareholders' funds liquid.

Growth and Expansion: Less difficult to pursue growth opportunities through mergers, acquisitions, and other strategic efforts.

Strategic Acquisitions: As they have increased capital available, PLCs have the ability to acquire or merge with other companies in order to increase their market share and diversify business operations.

Global Reach: Publicly traded firms can expand more easily into foreign markets because of available capital and visibility.

Shareholder Democracy: Shareholders participate in the management of the company through the right to vote on significant decisions, creating a more democratic-style governance system.

Procedure of Registration of Public Limited Company

Digital Signature Certificate (DSC): Procure DSCs for the proposed directors to affix electronic signatures.

Director Identification Number (DIN): File for DIN for the proposed directors on the SPICe Form (Simplified Proforma for Incorporating Company Electronically).

Name Approval: File the RUN (Reserve Unique Name) application with the Ministry of Corporate Affairs (MCA) for approval of name. The name should be unique and follow MCA guidelines.

Incorporation Form: Submit the SPICe Form together with the Memorandum of Association (MOA) and Articles of Association (AOA). Attach the documents required, such as proof of identity and address for the directors.

Certificate of Incorporation: After verification, the Registrar of Companies (ROC) will issue a Certificate of Incorporation, legally acknowledging the company as a legal entity.

Documents Needed for Registration of Public Limited Company

Identity Documents: PAN card and Aadhar card of all director and shareholders.

Proof of Address: Bank Statement or Electricity bill of the all shareholder and director.

Proof of Registered Office Address: Rent agreement, sale deed, or utility bill (not more than two months old).

Director's Consent: Consent to become a director in Form DIR-2.

Photographs: Recent passport-sized photographs of the all shareholder and director.

Corporate Verdict: Your Partner in Public Limited Company Registration

Corporate Verdict is a group of experts who specialize in helping entrepreneurs to form Public Limited Companies efficiently and economically. We are aware of the intricacies involved in the registration process and provide a smooth experience to our clients. Our services are:

Expert Advice: Offering extensive advice on the feasibility and advantages of establishing an Public Limited Company.

Documentation Help: Helping with preparation and filing of required documents.

Compliance Assistance: Helping your Public Limited Company comply with all regulatory conditions.

Affordable Services: Providing affordable solutions without sacrificing quality.

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