A Public Limited Company registration in India is the best suitable business structure for entrepreneurs who are planning for large-scale business operations. To register a Public Limited Company in India there should be a minimum of seven members and there is no limit on the maximum number of members/shareholders for starting a Public Limited Company.
Public limited company registration with 8 DSC, 3 DIN, 1 RUN Name Approval, 10 lakh authorized capital, incorporation fee, stamp duty*, MOA, AOA, incorporation certificate, PAN, TAN, GST registration, business bank account opening, hard-copy share certificates, Inclusive of government fees and taxes.
| Company Details | |
| Act | Companies Act, 2013 |
| Registration Requirement | Mandatory |
| Number of members | Unlimited |
| Separate Legal Entity | Yes |
| Liability Protection | Limited |
| Statutory Audit | Mandatory |
| Ownership Transferability | Unrestricted |
| Uninterrupted Existence | Yes |
| Foreign Participation | Allowed |
| Tax Rates | Moderate |
| Statutory Compliances | High |
Tags: limited, company, starting, business, india public, registration
According to the Companies Act of 2013, a Public Limited Company is created, incorporated, and governed. Shares of the company or capital invested by its investors determine how much ownership each has about the other. Additionally, shareholders and the public can readily transfer ownership by exchanging the company's shares on popular standards like the Stock Exchange Markets. The shareholders agree upon a defined ratio for splitting the company's profits. Their liabilities are limited to the amount of capital they have invested in the business.
In India, a public limited company has all the rights and benefits of a corporate body and the benefits of limited liability. In order to raise money from the general public, a public limited business registers on the stock exchange.
TaxClue is the fastest-growing platform for business services in India, intending to assist entrepreneurs in starting and expanding their companies at a minimal price. In order to make it simpler for entrepreneurs to launch their enterprises, we founded our company in December 2016.
You can easily get the Public limited company registration in Delhi with TaxClue and get the best financial advice from our experts.
A Public Limited Company was established following the Companies Act's provisions in 2013. A member of a Limited Company incorporated in India has Limited Liability and is also permitted to raise funds from the public through the issuance of shares.
A public limited corporation is a business entity with perpetual succession. It means that even if one or more members/shareholders/directors die, retire, become insane, or go bankrupt, the firm will continue to exist.
An open offer to purchase shares of a public limited business is extended to the general public. Consequently, anyone can invest in publicly traded companies that raise the proposed company's capital.
The public's ability to purchase shares of public corporations reduces the market's exposure to systemic hazards.
Lower risks create better opportunities, allowing the business to develop and grow by funding new initiatives with the money obtained through the sale of its stock.
A public corporation has access to an unlimited number of borrowing sources. It can sell its shares to the public, issue stock and debentures, and accept deposits from them. Furthermore, most financial institutions regard public corporations as more important than unregistered companies.
Shareholders in public firms benefit from restricted liabilities, which shield their assets from being used to pay off the company's debts and losses. Nevertheless, the stockholders are liable for any legal violations they commit. Every member, director, and shareholder has access to this privilege, and no bank, creditor, or government agency may collect their assets.
Passport Sized Photographs of all the Directors
Copies of the Address proof Documents of all the Directors- Utility Bills, Bank Statements
| Public Limited Company Registration | LLP Registration | Private Limited Company | One Person Company Registration | Sole Proprietorship Firm Registration | Partnership Firm Registration | Section 8 Company | |
| Act | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Companies Act, 2013 | Companies Act, 2013 | No specified Act | Indian Partnership Act, 1932 | No specified Act |
| Registration Requirement | Mandatory | Mandatory | Mandatory | Mandatory | No | Optional | No |
| Number of members | Unlimited | 2 – Unlimited | 2 – 200 | Only 1 | Only 1 | 2 – 50 | Only 1 |
| Separate Legal Entity | Yes | Yes | Yes | Yes | No | No | No |
| Liability Protection | Limited | Limited | Limited | Limited | Unlimited | Unlimited | Unlimited |
| Statutory Audit | Mandatory | Dependent | Mandatory | Mandatory | Not mandatory | Not mandatory | Not mandatory |
| Ownership Transferability | Unrestricted | Yes | Restricted | No | No | No | No |
| Uninterrupted Existence | Yes | Yes | Yes | Yes | No | No | No |
| Foreign Participation | Allowed | Allowed | Allowed | Not Allowed | Not Allowed | Not Allowed | Not Allowed |
| Tax Rates | Moderate | High | Moderate | Moderate | Low | High | Low |
| Statutory Compliances | High | Moderate | High | Moderate | Less | Less | Less |
What are the requirements to be a director?
The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in an Indian Private Limited Company.
How Many people are required to incorporate a Public Limited Company?
What is the Capital requirement to start a public limited company?
Is an office required to start a public limited company?
Do I have to be present at the time of Incorporation of a Public limited Company?
No, you will not have to be present at our office or appear at any office for the incorporation of a Limited Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.
What are the documents required for incorporation?
Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
How long will it take to register a public limited company?
We can incorporate a Limited Company in 14-20 days. The time taken for incorporation will depend on the submission of relevant documents by the client and the speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your Company and ensure you have all the required documents prior to starting the incorporation process.
How long is the incorporation of the company valid for?
Once a Company is incorporated, it will be active and in existence as long as the annual compliances are met regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and may be struck off from the register after a period of time. A struck-off Company can be revived for a period of up to 20 years.
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