Public Limited Company Registration

Public Limited Company enjoys many benefits such as separate legal entity, perpetual succession, Owning and disposing assets in its own name, limited liability and is considered as a very popular and strong structure to raise finance in the form of equity and loan.

Any seven persons can start a business as Public Limited Company also there in no maximum limit on the no of persons.

Benefits of Company as legal structure/ Why Public Limited Company

Separate Legal Entity
A company is a separate legal entity having distinct entity from its members, therefore it is separate at law from its shareholders, directors , promoters etc thereby enjoying a title of Separate Legal person in the eyes of law.

Perpetual succession
A Company existence is not affected by the death, lunacy or bankruptcy of its members. Therefore its said members may come, members may go but a company continues for ever. A company comes into existence through the operation of law and it can come to an end only through the operation of law.

Own Assets in its name
A company, being a legal person, is very much capable of owning, enjoying and disposing of property in its own name. The property of the company is to be used for the company business and not for the personal benefit of its members.

Limited Liability
In case of a company, liability of the members of the company is limited upto the value of the shares subscribed by each of them. In case of company limited by guarantee, the liability of the members of the company is limited to the extent of guarantee given by them.

Popular to raise funds
It is easier to raise funds in case of company and attract investments and foreign funding. Funds through loans can also be easily arranged without any complications.

Important Requirements

  • Minimum Three Directors and cannot exceed more than 15.
  • Minimum Seven shareholders
  • Director Identification Number (if Available)
  • Director and shareholders can be same person
  • Director signatures of subscribers and directors
  • One Director must be Indian Resident

Documents Required

Self attested copies of PAN Card of all the directors and subscribers

Self attested copies of Adhaar Card of all the directors and subscribers. Duration of stay at this address (Months and years)

Self attested Passport/ Voter Identify Card / Driving License of all the directors and subscribers.

Self attested Bank statement/ Electricity Bill/ Telephone Bill/ Mobile Bill of all the directors and subscribers

Passport size photographs of all the directors

Mobile No. and E-Mail id of all the directors

2-3 Proposed Names and objects to be conducted by the Company

Copy of Utility Bill Eg- Landline Bill or Electricity Bill where the registered office of the company is to be situated (Shall not ne older than 2 Months)

In case of rented premises- Rent Agreement + Electricity Bill + NOC

Other Information Required

Educational Qualification and Occupation of director and shareholders.

Proposed capital contribution along with division of capital among subscribers.

Place of birth of director/ shareholders.

Process of Incorporation

Step 1.

Preparation of digital signatures of all the 7 subscribers

Step 2.

Select suitable Company Name and make an application to the Ministry of Corporate Affairs for availability of name through RUN.

Step 3.

Obtain Director Identification Number [DIN] for the proposed Director through SPICE.

Step 4.

Draft Memorandum of Association and articles of Association [MOA & AOA]

Step 5.

Sign and file various documents including MOA & AOA with the Registrar of Companies electronically.

Step 6.

Payment of Requisite fee to Ministry of Corporate Affairs and also Stamp Duty.

Step 7.

Scrutiny of documents at Registrar of Companies (ROC).

Step 8.

Receipt of Certificate of Registration /Incorporation from ROC.

Pricing

Normal

Starting at Rs.22,999/- Onwards
  • 8 Class 2 DSC
  • 3 Director Identification No.
  • Authorised Share Capital up to Rs. 10,00,000.
  • MOA & AOA
  • PAN & TAN Fees
  • GST Registration
  • PF and ESI Registration
  • Certificate of Incorporation
  • Commencement of Business Certificate

Standard

Starting at Rs.57,999/- Onwards
  • 8 Class 2 DSC
  • 3 Director Identification No.
  • Authorised Share Capital up to Rs. 10,00,000.
  • MOA & AOA
  • PAN & TAN Fees
  • GST Registration
  • PF and ESI Registration
  • Certificate of Incorporation
  • Commencement of Business Certificate
  • Annual Accounting and Bookkeeping
  • Annual ITR Filing
  • Annual ROC Filing

Executive

Starting at Rs.75,999/- Onwards
  • 8 Class 2 DSC
  • 3 Director Identification No.
  • Authorised Share Capital up to Rs. 10,00,000.
  • MOA & AOA
  • PAN & TAN Fees
  • GST Registration
  • PF and ESI Registration
  • Certificate of Incorporation
  • Commencement of Business Certificate
  • Annual Accounting and Book Keeping
  • Annual ITR Filing
  • Annual ROC Filing
  • GSTR 3B and GSTR-1 Filing
Note: Charges may vary as per points mentioned Below
  • In case of Rs.10 lakh authorised capital, stamp duty of Rs.5120 (on actuals) will be chargeable extra for the state of Gujarat. Rs.5510 will be the additional stamp duty charges for state of Rajasthan. In case of incorporation in Madhya Pradesh, an additional stamp duty of Rs.7,550 will be applicable. In case of incorporation in Punjab, an additional stamp duty of Rs.15,025 will be applicable. In case of Kerala, an additional stamp duty of Rs.3,025 will be applicable.
  • Statutory Auditor fee is payable on actuals directly to the Independent Auditor appointed by the Board of Directors. Filingwale will only be responsible for accounting, preparation of financial statements and filing of returns on behalf of the Company.
  • In case RUN_Name Approval is rejected, then charges will increase in proportion to No. of RUN Forms Filed.

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Frequently Asked Questions

How many people are required to incorporate a Limited Company?

To incorporate a Limited Company, a minimum of seven people are required. A Limited Company must have a minimum of three Directors and seven shareholders.

What are the requirements to be a Director?

The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Indian Private Limited Company.

Capital required to start a Limited Company?

You can start a Limited Company with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs.5 lakhs [Authorized Capital Fee] during the incorporation of the Company. There is no requirement to show proof of capital invested during the incorporation process.

How long is the incorporation of the Company valid for?

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

Can NRI/ Foreigners hold shares of a Limited Company?

Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Limited Company subject to Foreign Direct Investment (FDI) Guidelines.