Public limited company formation is almost similar to a private limited company except minimum requirement of directors and members are 3 and 7 respectively.
A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors this is beneficial in raising capital
Entrepreuner prefer to incorporate Public Limited company becasue of its many advantages, for example –
- Can raise fund by issue of share to public.
- Option to get listed in recognised stock exchanges in India and issue IPO.
- Shares are freely transferable without any restriction.
- There is no limitations of no. of member/shareholders.
But, a Public limited company has to do few additional ROC compliances and core compliances with Stock exchange and SEBI, if it is listed. Hence the Compliance cost is higher as compare to a Private limited company.
Documents required for a Public Limited company:
- Photographs of all Proposed Shareholders & Directors.
- PAN card Copy of all Proposed Shareholders & Directors.
- ID Proof – Driving License / Voter ID / Passport (anyone) of all Proposed Shareholders & Directors.
- Address Proof – Bank Statement / Telephone or Mobile or Electricity Bill (not more than 30 days old) of all Proposed Shareholders & Directors.
- Email ID and Mobile Numbers of all Proposed Shareholders & Directors.
- Aadhar card ( Optional ).
- Proposed Company Registered Office Address Proof – Telephone or Mobile or Electricity Bill (not more than 30 days old) + NOC from property owner.
- DIN ( Optional – In case any proposed director already have Active DIN).
Our services:
After Company incorporation, you will receive below documents
- Company Certificate of Incorporation.
- Memorandum of Association & Article of Association (MOA & AOA).
- PAN Card and TAN Allotment.
- EPF & ESI Registration.
- Digital Signatures (Class 2).
- Directors Identification Number (DIN).
- Assist in Bank A/c Opening.
- GST Registration (Optional)
Pre requisites for company Incorporation:
- Proposed Company name must be unique. The suggested name should not match or identical with any existing companies or trademarks in India. # We help here to choose name.
- All Proposed Directors must have Active DIN
- Digital Signature for proposed Directors/Shareholders
- Decide Paid-up Share Capital and share % between Shareholders
- Decide Authorised Share Capital. ROC Fee & Stamp duty based on Authorised Capital. Low Capital – Less Govt Fee.
- Decide Company Registration State and Office address
- Decide Bank Authorised Signatory and Bank name to open your account (ICICI, BOb, Kotak, PNB)
