Public Limited Company Registration

Public Limited Company, like other companies, is registered in accordance with the Companies Act of 2013. A public company has limited liabilities for its members and the ability to sell its shares to raise capital for the company. It can be formed with as few as three directors and has more stringent rules and regulations than a Pvt. Ltd. company. Get your public limited company register today with GST & IT BUDDIES.

DOCUMENTS REQUIRED FOR COMPANY REGISTRATION:-

1. Copy of PAN Card of directors

2. Aadhar card /Voter identity card of directors

3. Passport size photograph of directors

4. Copy of rent agreement (if rented)

5. Address proof (bank statement / Mobile/telephone bill )

6. Copy of sale deed (if owned)

6. Landlord NOC

6. Copy of electricity bill / Water bill (business place)

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The Benefits of Forming a Public Limited Company

The following are some of the advantages of forming a PLC:

• Independent Legal Entity

• Multiple financing sources

• Shares are easily transferrable

• Company with limited liability

• Expansion prospects

• Management

Public Limited Company Registration Documents

The following documents are required for the registration of a Public Limited Company.

• Identity Proof

• Address Proof

• PAN card detail

• A letter of no objection from the landlord of the business location.

• The designated directors' DSC, or Digital Signature Certificate

• Articles of Association and Memorandum of Association (AOA)

• Utility bill

Public Limited Company Registration Process

The procedure for forming a public limited company is similar to that of forming a private company. The following steps must be taken in order to register a public limited company:

Filing the Form

The application form for the formation of a public limited company must be completed online. This must be done via the relevant MCA portal. In addition, all documents must be submitted.

Applying for DSC and DIN

The applicant must then apply for a Digital Signature Certificate and a Director Identification Number. The digital signature certificate would ensure the authenticity of electronic documents. Aside from that, the DSC assists in the execution of electronic signatures in accordance with the requirements of the act. By applying for a DIN, the company will be able to hire a minimum number of directors to meet the requirements of a public limited company.

Verifying the Name of the Company

In this step, the company's name is checked and verified in accordance with the Ministry of Corporate Affairs' requirements (MCA). The company's name must not be similar to any other name. Aside from that, the company's name must not violate any provisions of Indian intellectual property law.

Filing SPICe Form

When the name of the public limited company is approved by the appropriate authorities, the applicant will file the SPICe form to obtain the Certificate of Incorporation. When the applicant submits the SPICe form, the DIN number is assigned to the company's directors.

Submitting Documents

Incorporating the Company

Following verification of the process, the MCA and Registrar of Companies will issue the public limited company's certificate of incorporation. This certificate serves as a legal document proving the public limited company's status.

Opening a Bank Account

Finally, a bank account in the name of the public limited company must be opened. This must be open in order for the organisation to conduct day-to-day transactions. This bank account must be distinguished from the opening of a personal bank account.