Public Limited Company Registration

Starting @ RS. 16,041/-

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Definition

It is a separate legal entity with limited liability whose shares may be freely sold and traded to the public and the words Public Limited Company is added after its name. Similar companies in the United States are called publicly traded companies. It can either be listed or unlisted on the Stock Exchanges.

cost breakup

7DSC (Class II DSC @ 1000 each) 7000
RUN (One Time Name Application) 1000
PAN & TAN 175
Professional Fees 6666
GST (on Professional Fess) 1200

 

Rs.0
Rs.16,041
Notes:
  • Stamp Duty is a subject matter of a State and it varies from State to State.
  • Franking/stamping and Notary expenses will be on actual basis and will be borne by you.

LIST OF DOCUMENTS FOR REGISTRATION

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Id Proof

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Passport Size Photo

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Address Proof

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Company Address Proof

PROCEDURE OF REGISTRATION

PROCEDURE OF REGISTRATION

INCLUSIVE IN OUR SERVICE

  • 3 Din
  • 7 DSC (Class-2)
  • Guidance for Name Search & Approval
  • PAN & TAN
  • ROC Registration Fees
  • Object Customization
  • Drafting of MOA
  • Drafting Of AOA

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FREQUENTLY ASKED QUESTIONS

What is Public Limited Company?

It is a separate legal entity with limited liability whose shares may be freely sold and traded to the public and the words Public Limited Company is added after its name. Similar companies in the United States are called publicly traded companies. It can either be listed or unlisted on the Stock Exchanges.

Whether Public limited Company is eligible for Government Start-up Scheme?

No, Public limited Company is not eligible for Government Start-up Scheme.

What is DIN?

DIN is Director Identification Number given to an existing Director or potential Director of any Company which is incorporated or to be incorporated. It is a Unique Identification Number. DIN is issued by Ministry of Corporate Affairs.

What is DSC?

Digital Signature Certificate means singing the valuable documents electronically/digitally by an authorized person. It is used for signing the electronic forms. It cannot be used in physical documents.

Can Minor become a Director?

No, minor cannot become a Director because for Director DIN is compulsory and to get a DIN an individual should have achieved age of 18 years or above.

Can NRI/Foreign Nationals become a Director in an Indian Company?

Yes, NRI/Foreign National Can become a Director as well as a Shareholder of the Indian Company provided he should be a Competent to Contract and the Company in which NRI/ Foreign Nationals is/are Director(s), should have at least 1 Indian Resident as a Director on its Board of Directors.

Can a Salaried person also become a director of a Company?

Yes, a salaried person can also become a Director of a Company provided employment agreement allow for such provisions. Generally, employers do not have any problem if their employee is Director of any Company.

Who is the ultimate person governing a Public Limited Company?

The power of decision making in a company is vested in the Board of Directors, and all policy decisions are taken at the Board level by the majority rule. This ensures a unity of direction in management.

What is the term “Further Issue of shares “means?

In a Public Company, the company can offer further issue of shares to its existing shareholders as right shares. The offer is subject to the approval of the existing shareholders and that to be ratified by the public in a general meeting only. It is pertinent to note that the further issue of shares cannot be issued to the Directors or any specific person, it should be made in Public and require approval in a public general meeting.

How can a subsidiary of a Foreign Company be incorporated as a Public limited Company in India?

In case of wholly owned subsidiary, a copy of the Board resolution of Holding Company approving the investment in the proposed Indian Company and authorizing a person to sign the incorporation papers on behalf of the company, duly attested by the officer of the Indian Embassy in the foreign country where the registered office is situated is also required to be attached with the papers.

What is Authorized Capital?

Authorized Share Capital is basically the maximum permissible amount of share capital that a company can issue to shareholders. A Company can change its authorized share capital whenever it require from time to time depending upon the requirement of the company subject to shareholders/members approval.

What is Paid-up Capital?

Paid-up share Capital also known as the Issued share Capital of the company is an amount of shares issued by a company to its share holders.

What is Registered Office?

The registered office of a Company or legal entity is the principle/main place of business for a company and all official correspondence is sent to this location.

What is MoA- Memorandum of Association?

According to Section 2(56) of the Company Act, 2013 “Memorandum” means the memorandum of association of a company as originally framed or as altered from time to time in pursuance of any previous company law or of this Act. It is a Charter document of the company which contains basic and fundamental details about the company. Any act done beyond the scope of the MoA is void.

What is AoA – Article of Association?

Article of Association are by-laws of the Company. It contained Rules & Regulation followed by the Company. It defines objectives, duties and powers of the Board of Director, Borrowing Capacity, Voting Rights, Procedure for issue and transfer of Shares.

Can we increase Authorised Capital & Paid-Up Capital after Incorporation?

Yes, Authorised Capital & Paid-Up Capital can be increased anytime after incorporation.

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