Public Limited Company Incorporation
Need help with registering your public limited company in India? Contact Certifications Bay for expert guidance and a streamlined registration process. Our action-oriented firm can assist you with all the necessary steps and ensure a quick and efficient registration.
Get in touch with our consultants today to learn more.
What is a Public Limited Company?
Under the Companies Act, 2013, a Public Limited Company is a business entity that provides its shares to the general public, while maintaining limited liability. The company can issue its stock through private or public trading.
To establish a Public Limited Company, a minimum of three directors, seven shareholders, and a maximum of fifty directors are required, with a minimum paid-up capital of Rs. 5 lakhs.
A Public Limited Company enjoys similar benefits as a private limited company, such as transparency, easy access to loans, government tenders, and ease of share transfer. However, registration is a crucial step that requires compliance with strict regulations.
At Certifications Bay, we offer an integrated approach to help you navigate the complexities of registering a Public Limited Company in India. Our team of experienced consultants and resources are equipped with up-to-date information to ensure timely completion of your registration, making the process hassle-free.
Get Free Expert Consultation
Advantages of A Public Limited Company
Limited Liability
One of the most valuable attributes of a public limited company is its limited liability feature, which ensures that its members are not held responsible for the company’s debts. Essentially, the members of the company are not required to use their personal assets to pay off any of the company’s losses or debts beyond the amount of their invested capital.
Spread the Risk
Being a public limited company, it offers shares to a significant portion of the general public, which aids in spreading unsystematic risk. As a result, shareholders are less fearful of shouldering the risk on their own.
Increased Capital and Improved Opportunities
As previously stated, a public limited company offers a significant number of its shares to the general public, making it possible for anyone to invest in the company. This creates an opportunity to raise more capital.
Furthermore, when a public limited company is listed on a stock market, it opens up more and better business opportunities for the company to expand and diversify.
Ready Availability of Loans
A public limited company can easily obtain loans without much difficulty, which may be challenging for a private limited company. Moreover, if the public limited company is registered under the prescribed provisions, obtaining loans from financial institutions and banks becomes more feasible.
Requirements for Registering a Public Limited Company
In order to incorporate a public limited company, a minimum of seven shareholders is required.
A minimum of three directors is required to form a public limited company.
Directors will be required to have a Digital Identification Number (DIN).
During the submission of self-attested copies to the authorities, at least one director will be required to have a Digital Signature Certificate (DSC).
A minimum share capital of Rs. 5 lakhs is required.
An application for the selection of the company's name will be required.
An application specifying the main object clause of the company will be required.
List of Documents Needed for Registering a Public Limited Company.
- Identity proof of both shareholders and directors will be required.
- The PAN number of each shareholder and director.
- Address proof of both shareholders and directors.
- DIN and DSC of directors.
- A utility bill of the registered office, not older than 2 months.
- If necessary, a No Objection Certificate (NOC) from the office owner.
- Memorandum of Association (MoA) and Articles of Association (AoA).
Conclusion
Certifications Bay has all the necessary resources to take care of public limited company registration requirements. We remain in direct contact with officials to ensure accuracy during registration, making the certification process seamless for our clients.
In addition to registration support, we also provide 100% assistance in documentation, making the process of registering a public limited company more feasible.
Therefore, for professional and expert services, please contact us.