Public Limited Company
Register your firm as a Public Limited Company to get broader exposure and attract funds!
Propel your business with Probal Consulting Group.
WHAT IS PUBLIC LIMITED COMPANY?
These companies can issue shares to the people to garner funds. These shares are open for trading without any interference of Public limited companies have to follow legal compliances very strictly. There are lots of restrictions and regulations on these companies.
WHO SHOULD OPT FOR PUBLIC LIMITED COMPANY?
Under Companies Act, a Public Limited company can be established with a minimum of 3 directors and seven members. There is no limit on the maximum number of shareholders. These companies are administered by the Registrar of Company.
Benefits
Limited liability
Shareholders and Directors have limited liability relative to their investment and holdings in the company. This gives protection to their personal assets and properties. So, if the business suffers any loss, they don’t have to sell their own properties to pay off the debt.
Higher Transparency
Public Limited Companies has to make their financial and other statutory details public under the law. This makes it easy for investors and potential investors to analyze its performance and take necessary decision.
Greater access to the funding
Public Limited companies can sell their shares to any individual or any other business entities to gather funding. People can invest directly in the company via the Stock Market.
Required Documents
► DirectorsPAN card of the Directors [ Permanent Account Number, mandatory for all business activities]
► Address proof [ Voter ID, Adhaar Card, Driving License of the applicant ]
► Signature [ A signature specimen of the applicant ]
► Passport Photo [ Clear photo of the applicant ]
► Address proof of the place of the business [ Electricity Bill, Legal ownership Document, Municipal Khata copy, Telephone bill, etc. to confirm ownership of the business place ]
► Rent agreement in case the business place is rented [ Notarised Rent agreement, duly signed by the tenant and Owner along with two witnesses ]
► Bank statement of the directors
► Consent letter if the place is acquired by consent [ Consent letter with the proof of ownership, signature, and ID proof of the owner of premises.]
► NOC of the Owner [ No objection certificate by the Owner allowing deemed business activity]
Our Sole Proprietorship Package Consists
Application for DSC(Digital Signature Certificate)
the promoter and Nominee of OPC need to get a DSC for himself/herself. We will help you to obtain your Digital Signature Certificate with necessary form filing and documentation.
Application for the Unique Name
Every LLP firm needs to register its unique name by getting approval from MCA(Ministry of Corporate affair). We will guide you through all the necessary process for your unique name registration.
Application of company as Public Limited under the law
After the preparation of MOA and AOA, we will file your application for the registration of Public Limited Company to obtain Certificate of Incorporation (COI) and Corporate Identification Number(CIN)
Application for DIN
Every director needs a unique Director Identification Number allotted by the Central Government of India. We will help you through the process of DIN for prompt registration,
Preparation of MOA (memorandum of Association) and AOA(Articles of Association)
As soon as your DIN and DSC registration are complete, we will prepare MOA (memorandum of Association) and AOA(Articles of Association). These documents are critical for any registration.
Registration under GST act
If your business is crossing the threshold limit of aggregate turnover limit, or you are an e-commerce firm or supplying goods to various states, we will help you register your firm under the GST regime.
A GOOD START IS THE WORK HALF DONE !!!
Frequently asked questions
There is no law about the minimum investment amount for a Public Limited Company. It can be corporate with any budget. But, you need to pay INR 5lakh as Authorized Capital Fees to the Government for the issuance of shares
There should be at least one AGM(Annual General Meeting) annually. Four meetings annually of Board of Directors is mandatory for a Public Limited Company.
Yes, they can invest in India through FDI law. According to the law, they can invest in India without any prior request up to 100 %.
Notarised Rent agreement, duly signed by the tenant and Owner along with two witnesses
You will need a place that can be either residential or commercial for the registration under the MCA in India.
The registration of a Public Limited company depends on various factors. Still, on average, it takes around 20 working days.
Related Services
Public Limited company can be established with a minimum of 3 directors and seven members. Propel your business with Probal Consulting Group.
Propel your business with Probal Consulting Group.
Kick-start your business with our full-suite accounting and legal services.
Propel your business with Probal Consulting Group.
Kick-start your business with our full-suite accounting and legal services.
No worries get yourself registered as One Person Company (OPC) and march on! Initially, a minimum of two members and two directors were necessary to establish a company.
