PUBLIC LIMITED COMPANY
Register your Public Limited Company @ Rs 16999 (Professional fee)
- DSC of two Directors/Shareholders
- DIN of two Directors
- Name approval application
- Drafting of E-MOA and E-AOA
- Certification of Incorporation
- PAN Number of the Company
- TAN Number of the Company
- Time: 5-7 working days
- 100% Online Process
WHAT IS PUBLIC LIMITED COMPANY REGISTRATION?
Public Limited Company Registration in India can be initiated with a minimum of three Directors who are individuals (up to a maximum of 15 directors without Special Resolution), and seven subscribers (shareholders) who may be Individuals or corporate entities. Both, the directors and subscribers may or may not be the same person. The Companies Act 2013 does not set any minimum capital limit, so the minimum capital can even be Re 1 per shareholder. A public limited company has features like separate legal entity which enables it to be distinct from its members and directors. The members hold a limited liability in the company and cannot be held liable beyond the shares held by them.
Public Company Registration is initiated primarily if the shareholders/investors are large in number. The shares of a public limited company can be transferred with ease and ensuring a suitable structure for raising capital. Before initiating registration of a public company, one needs to be aware of more stringent regulatory requirements as compared to other corporate entity forms.
Features of Public Company
Limited Liability and Separate Legal Entity
Liability of the shareholders of a public company is restricted to the capital invested in the company, and hence shareholders are not personally liable. It is a legal entity which is distinct from its shareholders and directors. It can own assets and liabilities in its own name.
Exhaustive Compliance Structure
A public limited company has an exhaustive structure of rules and regulations to be followed, i.e. provisions of Companies act 2013, listing agreement (for listed companies), along with notifications, circulars, and orders issued by the government from time to time.
Capital Intensive
Public Limited Company registration is initiated primarily if the capital invested is huge or if the number of shareholders is large. Since the investment is made open to the general public, such structure requires strict compliance management.
Preferred for Investment
Shares of a public limited company can be traded freely by the shareholders, and even online trading is possible for listed companies. A public limited company is preferred by both retail and institutional investors for investment, due to easy availability and transferability of shares.
Requirements
- Minimum 3 Directors and a maximum of 15 without any additional compliance. (At least one director should be Resident in India).
- Minimum seven shareholders and no limit on maximum no. of shareholders. (Director & shareholder can be the same person).
- Two to Four proposed unique names for the name reservation of the Company.
- Digital Signature Certificates (DSC) of the shareholders and the Directors of the Company.
- Details of the premise to be registered as the Registered Office of the proposed public company along with the proof of ownership, NOC from the owner for such use of premise and a utility bill in the name of the owner not older than two months.
- Self-attested proof of Identity and address of the shareholders and the Directors of the proposed public Company along with their PAN Card, Aadhar Card & passport size colour photo in jpeg format.
Public Company Incorporation Procedure
- 1
Name application through SPICE + PART A.
Two names for the proposed Company, in the order of preference, are applied online through SPICE+ Part A.
- 2
DSC (Digital signature Certificate) preparation
Documentation and Certification for DSC (Digital Signature Certificate) is applied with the relevant authorities.
- 3
Preparation and E-Filing for Incorporation
An online application for the registration of a Public company is filed in SPICE+ Part B, together with SPICE+ MOA, SPICE+ AOA, Agile Pro, and INC-9.
- 4
Get Certificate of Incorporation
As the application gets approved, COI, PAN, TAN, EPF and ESIC Registration number get allotted in the name of the Public Company.
customer stories
Bhanu has been working for Unifii for the last 1.5 years and as our accountant and Legal advisor. His knowledge and attention to detail have aided in keeping our company on track during recent times and through a major restructure. I feel confident in recommending Bhanu's and his team's professional services. He is not only thorough but also easy to work with and always willing to take the time to discuss my concerns and respond to questions.
Harneet Singh
Sydney, New South Wales, Australia
He is proactive, result oriented, and a responsible person. He is always ready to put all his energy and time to get the work done in the best possible manner. Bhanu is a well connected professional that always takes the time to support anyone is his network. I wish him all the best.
Smriti Anand
Extremely professional, time oriented and supportive are three words that goes perfectly well for Bhanu. He is my go to person for all accounting queries and requirements. I strongly recommend his professional services to all. Besides he is a great human being to know.
Sarita Chauhan
Chairman & Director Farsighters Network and Communications Pvt Ltd
I've worked closely with Bhanu. He is a very thorough and confident person. He knows his work well and tries to improvise in everything. Wish you luck Bhanu!
Harcharan Singh
Chartered Accountant UAE
Bhanu is a person to count upon, with his expertise in his domain and knowledge he brings on you can reach him with a problem any time. His appetite to listen and understand the issue makes him the man for the job. He is proactive, energetic and a resourceful guy. My best wishes to Bhanu and Provenience for future endeavour.
Ashwani Soni
Founder, Addensure Media LLP
Provenience is perfect to partner with in your startup or corporate journey. Seamless service and support provided by team is really helpful specially when you are trying to setup your venture. I would like recommend Provenience to every startup.
Amit Tyagi
Founder, Onmytap- NETWORK FOR PROFESSIONAL GROWTH
Bhanu is one of the most sincere and trustworthy person I have come across. He is extremely ethical and is completely customer focused. His hard work and dedication is commendable and with him handling the legal as well as taxation things are always in order and compliant. Keep up the good work Bhanu. Wishing you more and more success as you grow.
Kiranjeet Kaur
Co-founder, Executive - Brightsandz Clean Tech Pvt Ltd
Price
Basic
17999
21599
- Public Limted Company Registration + GST Registration + MSME Registration. (Excluding Govt Fees and GST)
Premium
19999
23999
- Public Limted Company Registration + GST Registration + MSME Registration + Trademark application for One Trademark class (Excluding Govt Fees and GST)
Frequently Asked Questions (FAQs)
Spice means Simplified Proforma for Incorporating Company electronically which provides a single window for multiple applications under one form. Along with the application for company registration, an applicant in returns gets allotted DIN numbers for maximum three directors, PAN, TAN, registration under EPF, ESIC, Professional Tax, GST and Bank account number of the Company altogether.
Form Spice+ Part A for name reservation, Spice+ Part B for incorporation application, Spice+ MOA for Memorandum of Association, Spice+AOA for Articles of Association, Agile pro for additional registrations and Form INC-9 are the linked forms to be filed under this process.
There is no minimum paid-up capital as of now for company incorporation.
The authorised capital is a maximum share capital of the company which sets limit within which the shares are issued by the company.
Paid-up capital is the shares issued by the company to its shareholders for raising capital but not exceeding the authorised capital.
However it is not mandatory to have separate commercial office space, it is recommended to use one and not a residential premises to register a company.
After incorporation, the registered office address can be changed and intimation can be made to ROC within 30 days.
ROC (Registrar of Companies) is an office under the Indian Ministry of Corporate Affairs which governs the entire activities of the Companies as per Companies Act 2013 and LLP as per Limited Liability Partnership Act 2008 and keeps a record of all changes by the companies as intimated from time to time.
There are currently 22 Registrars of Companies (ROC) operating from offices in all major states of India and some states like Maharashtra and Tamil Nadu, have two ROCs each. Every Company get registered under the respective ROC depending upon the state within which the registered office is located.
MOA (Memorandum of Association) and AOA (Articles of Association) are the set of laws prepared in accordance with prescribed schedules under Companies Act and defines the objective and the purpose of the company being incorporated.
Yes, NRI can become director of the Company in India. The additional documents required apart from Indian director are:
1. Copy of Passport duly attested by Consulate of Indian Embassy or Foreign Public Notary.
2. Copy of Driving License/Utility Bill/ Bank Statement duly attested by Consulate of Indian Embassy or Foreign Public Notary.
Director is a person who is appointed on the board to manage the business of the company. In contrast, shareholder is the person who purchases the shares of the Company and provides the funds. So, the company can have the same person as the director as well as shareholder or both the person can be separate.
No, the physical presence of directors and subscribers not required for the incorporation process.
The entire registration process can be completed within seven working days depending upon the time taken by the registrar for approval of the application filed. If the forms don't get approved in the first application, then the time period for completing the process may get extended accordingly.
As per spice, DIN is allotted to a maximum of three directors through a single window of spice.
Further, the DSC of only two directors/subscribers is included in the package, and any addition will be charged additionally.
unique company name is essential for a public company registration because it distinguishes the company from the existing ones and should not match with the existing registered company names. There are 3 main parts of deriving to a unique company name. They are:
Keyword s- This is a brand name of the company
Activity Word - This shows the kind of activity or business the company is into
Business Type Word - This is the name of the form of business like Pvt. Ltd. Or Ltd
No, there is no automatic applicability. GST or PF will be applicable only after your cross a certain minimum threshold.
No, Public Limited Company Registration is similar to OPC or LLP or any other form of business entity registration. You can register it irrespective of your turnover.
No, the share capital can be deposited within two months from the date of incorporation. It will have to be deposited in the company bank account.