Public Limited Company

Setting up as a PLC means you own a Public Limited Company and permit you to offer shares to the public. A public limited company is a voluntary association of members which is incorporated and, therefore has a separate legal existence and the liability of whose members is limited.

Its formation, working and its winding up, in fact, all its activities are strictly governed by laws, rules and regulations. The Indian Companies Act, 2013 contains the provisions regarding the legal formalities for setting up of a public limited company.

How do i start a Public Limited Company?

For registering a Public Limited Company, kindly go through the following steps:

STEP-1: Requirement before registration

Minimum Authorized Capital and Paid-up capital should be Rs. 5,00,000/-. At least three Directors and Seven Members required forming a Public Limited Company.

STEP-2: DSC and DIN

The proposed Director should have a valid DIN (Director Identification Number) allotted by the Ministry of Corporate Affairs. One of the Directors should have a valid Digital Signature Certificate issued by the Certifying Authorities approved by the Ministry of Corporate Affairs.

STEP-3: Registering your Company name

Company Registration in India starts with filing of an application for Company Name. The chosen name for a company should be unique all over India. Usually in a day or two, concerned ROC approves the name if the applied name is not same or closely similar to the name of an existing company and the proposed name is in accordance with the Guidelines for Name Availability issued by the Ministry of Corporate Affairs (MCA). Check with MCA website to find you name availability, click here.

STEP-4: Submission of final documents

On getting the company name approved we need to submit final documents to the RoC. The office ROC will scrutinize the incorporation documents. If the documents are found in order, the Company will be registered and the Certificate of Incorporation will be issued by the Registrar.

The Certificate of Commencement of Business has to be obtained by a Public Company before commencing any commercial activity.

DOCUMENTS REQUIRED FOR THE PROCESS

Scanned Copy of the Following Documents has to be Provided by the Promoters of the Company:

  • PAN card copy with Self attestation.

  • Voter Id copy or Passport copy or Aadhar card copy or Driving license copy with self attestation.

  • Latest Bank account statement or Mobile /Telephone bill or Electricity Bill (not older than two months)- no need for self attestation.

  • Latest passport size photo in jpg.

  • For the registered office proof of the company, if the property is rented/ leased, then copy or rental agreement or lease agreement.

  • Copy of Electricity bill or Property Tax receipt or Water Tax receipt not older than two months.

  • Copy of No objection certificate from the owner of the property.

  • If owned property, copy of Sale Deed and Electricity bill is sufficient.

  • In case of NRI or Foreign national, Passport copy has to be notarized at the Indian Embassy of the particular country.

  • Utility bill has to be provided of the particular country where the NRI or Foreign national resides and it should be notarized.

Contact Finlaw.in or call +91-9820907711 for complete guidance on Public Limited Company Registration in India.


 

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