Public Limited Company Registration
——————————————————
Price: ₹ 25,000/-*
*Subject to approval of Government portal services
1) Inc. Govt fees upto 5 lakh capital
2) 7 DSC
3) INC-20A (Business Commencement)
4) Share Certificate
5) Memorandum of Association
6) Article of Association
7) PF Number
8) ESIC Number
9) PAN and TAN
10) Current account opening support
11) Company Name Approval
Public Limited Company Registration
The best business structure for entrepreneurs who intend to operate their businesses on a large scale is a Public Limited Company Registration in Pune. In Pune, a public limited company has all the rights and benefits of a corporate body as well as limited liability characteristics. A natural person must be over the age of 18 to serve as the director.
A public limited company can get listed with the stock exchange to raise capital from the general public. Hence, the Public Limited Companies have to comply with multiple regulations of the government. A Public Limited Company that has been registered in accordance with the rules established by the Companies Act of 2013.
Minimum requirements for Public Limited Company Registration
✑ Three (3) Director
✑ Seven (7) Member (No upper limit as such)
✑ Rs. 5 Lakh minimum capital requirement
✑ Digital Signature for all Director/Member
Process for Registration of a Public Limited Company
Step 1 – Obtaining Digital Signature of the Director/Members – Each prospective director and member must obtain a digital signature (DSC).
Step 2 – Name application for Public Limited Company with MCA – The name must comply with the guidelines provided by the Ministry of Corporate Affairs. Approved name of the Public Company is available for 20 days from the date of approval. The name application request for a company name must be submitted to the Ministry of Corporate Affairs (MCA). The proposed company name must be unique. The name shall not be similar or resemble to the existing company/LLP registered. If the proposed Public Company is not incorporated within such period, the name shall be lapsed and will be available for other applicant/ OPC/Company.
Step 3 – Incorporation documents – All documents and information pertaining to the registered office, directors, and members, as well as the Memorandum of Association (MOA) and Articles of Association (AOA), must be submitted via online forms (SPICe Form) following the approval of the Company’s name.
Step 4 – Issue of Certificate of Registration – The Ministry of Corporate Affairs (MCA) will approve the forms and issue a Certificate of Incorporation along with a Pan card and Tan allotment letter if it determines that all the documents and information are accurate and complete. The Government also issues ESIC number and PF number on email id of the applicant
Step 5 – Opening of Current Account – Once a company is registered in India. The company must submit all the required documents and apply for a current account with any banks.
List of Required Documents for Public Limited Company Registration
Once the name is approved, you need to prepare the following documents:
📋 Pan card of each Director and Member
📋 Aadhar Card of each Director and Member
📋 Electricity bill/latest mobile bill etc. of each Director and Member
📋 Passport size photograph of each Director and Member
📋 Passport/Driving license/Voting Card of each Director and Member
📋 Bank statement/Utility bill of each Director and Member
📋 Address proof for office of Public Company
Advantages of Public Company Registration in Pune
✑ Limited Liability – Public Company protects the directors’ personal assets in the event of the company’s bankruptcy.
✑ Credibility – As many financial institutions, suppliers, and clients prefer to do business with public companies, this type of business structure gives a better image and credibility.
✑ Fund raising – Public companies have a number of options for raising money, including bank loans, the sale of shares, venture capitalists, angel investors, etc.
✑ Independent legal entity – Public Company is an independent legal entity. Members of the company, such as shareholders or directors, are not personally responsible for the obligations of the company.
✑ Eternal existence – Public companies have an eternal existence. This indicates that the company will continue to exist until it is formally dissolved.
✑ Ownership Transferability – Shares owned by public company members may be smoothly transferred to a new owner. In essence, Members can easily transfer their shares. In the case of a listed public company, shares of the members can be transferred via a demat account online.
Further it is advisable to consult or take assistance of an expert professionals like Anuvartana Services LLP for error less and smooth Public Company Registration in Pune.
If you want to register a Public Company, Anuvartana Services LLP is best place for it.
For more information or assistance in registering an Public Company in Pune, you can connect our experience experts for a free consultation. on 8975973470 or anuvartanaservices@gmail.com
A Public Limited Company must have three directors minimum in order to be formed. The required minimum share capital is Rs. 5 lakhs. When a self-attested identity copy and address proof are submitted, DSC of all the directors and shareholders is required.
At least seven shareholders are required for a Public Limited Company.
Depending on the Registrar of Companies’ (ROC) processing time and the thoroughness of the documentation, the registration process can take anywhere from 15 to 20 days.
Yes, by following the procedure outlined by the Companies Act of 2013, a Public Limited Company may become a Private Limited Company.
Common public shareholders hold shares of ownership in Public Companies.