Public Limited Company
A public limited company is a form of business organization that works as a separate legal entity from its owners.
It is formed and owned by the shareholders of the company. Shares of a public limited company are registered and operated at a stock exchange market freely.
Company is an artificial juridical Person which is created by law.
Public Limited Company
Invitation to public
Issue of prospectus
Quorum at AGM
A term used at the end of the name
Limit of Managerial remuneration
11% of Net Profits( Highest limit)
Statutory meeting (Mandatory)
Q. What are the documents required while doing registration of public limited company?
For the registered office of the company the proof can be, if the property is rented/ leased, then copy or rental agreement or lease agreement.
In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.
Self-attestation of Documents of all the directors and shareholders.
Property Tax receipt or Water Tax receipt not older than two months
Bank account statement (not older than two months)
Workflow of registration of public limited company in India
Reserve Unique Name : Reserve unique name (RUN) is a web based service
For reserving a name for a new company or for existing one.This service helps out to choose a unique name for prospective company .
A company name can be reserved easily by simply using the RUN facility without requiring of any DSC of prospective directors.
The central registration Centre (CRC) may on the basis of information and documents provided , reserve the name for a period of
20 days from the date of approval in the case of new company .
60 days from the date of approval in case of change of name of any existing company
DSC (Digital Signature Certificate) of Directors: These are called digital certificate which can be used as a proving one’s identity where it is also used to access information via the internet and it can be used for signature on any documents digitally.
Required Documents for Digital Signature Certificates
Self-attested copy of PAN Card
Self Attested Copy of AADHAR Card
MOA, AOA & other Legal documents:
These document plays a major role in incorporating a company. A Memorandum of Association (MOA) is a legal document prepared in the formation and registration process of a limited liability company to define its relationship with shareholders . The MOA is accessible to the public and describes the company’s name , objects ( main & additional ), physical address of registered office ,liability of company names of shareholders and the distribution of shares.
Documents related to consent to act as a director ( DIR-2)
Affidavit from Subscribers of Memorandum of Association (In form no INC-9)
Tan and Pan Including In Registration:
TAN and PAN needs not to be applied separately. Pan and Tan is allotted by the ministry of corporate affairs along with certificate of incorporation of company when registration of company is completed.
It is also compulsory to quote PAN in all documents concerning. It is mandatory for the Directors of the company to submit PAN during the incorporation process.
Indian National can provide any of the following documents for Address proof.
Election Card or Voter Identity Card
Address proof must also contain the name of the Director as mentioned in the PAN Card and must not be older than two months.
The following documents are acceptable residential proof:
Our registration package includes?
All necessary drafted documents .
DSC (Digital Signature) of Directors.
MOA, AOA & other Legal documents.
Incorporation Certificate of the company.
Company TAN/TDS Number
Company PAN Card
Company Name Search & Approval
Frequently Asked Questions
Q1. How much Working Days takes to Register your Public Limited Company
Submit all the Documents in the beginning
Obtain DSC and Application For Reserve unique Name .
Name Approval by Ministry
Documents Drafting and filing
Time Taken by Ministry for approval and issuing Certificate Of Incorporation
Q2. Why Public Limited Registration?
Easy to Transfer Shares
Listing Shares on Exchange
Q3. What are the Minimum Requirements for Public Limited Registration?
Minimum 3 Directors
Minimum 7 shareholders
DIN for all Directors
Minimum 5 lac share capital
Q4: NRI or Foreign National can be a Director in a Public Limited Company?
Yes, a NRI or Foreign National can be a Director in a Public Limited Company after obtaining Director Identification Number. But here is a condition that at least one Director on the Board of Directors must be a Resident of the country.
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