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Public Limited Company Registration Online Process & Fees

A Public Limited Company is defined under sec 2(71) of the companies act, 2013. It is a company that has limited liability that means that the shareholders of a public limited company are liable only to the extent of shares owned by them. The ownership of a public limited co can be acquired by purchasing shares of the same either through IPO or Trades on the stock market and there is no further distribution on type of public limited companies in India.

ADVANTAGES OF PUBLIC LIMITED COMPANY

  1. More resources for capital: The amount of capital that can be raised through public funding has no upper limit therefore a public limited company can increase their capital as per their requirement.

  1. More business opportunities: Since a public limited company is listed on a stock market there are bundle of opportunities which they are open to.

  1. Diversification of risk: The public limited company has abundant opportunity to diversify risk by raising capital through public.

  1. Unlimited Growth & expansion opportunities:  Since a public limited company exposed to large public there is tremendous opportunity for growth and expansion.

HOW TO REGISTER A PUBLIC LIMITED COMPANY?

STEP 1: Application for DSC (Digital Signature Certificate)

STEP 2: Application for DIN (Director Identification number)

STEP 3: Registration to be made on MCA portal.

STEP 4: Obtaining certificate of Incorporation (COI)

OTHER REQUIREMENTS FOR REGISTRATION OF A PUBLIC LIMITED CO.

  1. In order to form a public limited co. minimum 7 shareholders are required.
  2. Minimum share capital of 5 lakhs is required.
  3. Minimum 3 directors are required to form a public limited company.
  4. At-least DSC of 1 director is needed while submission of self-attested copy of address and Identity proof.
  5. All the directors shall be required a DIN (Director Identification number).
  6. Application to be made for the selection and allotment of name of the company.
  7. Application to be made stating the main objectives of the company which will describe the operations of the company after incorporation.
  8. Application to be submitted to the ROC (Registrar of companies) along with all the prescribed documents.
  9. Fee to be paid to the ROC for registration and then an application to be made for “certificate of business commencement”.

INCORPORATING A PUBLIC LIMITED COMPANY?

HERE’S THE LIST OF DOCUMENTS YOU’LL NEED:

  1. Identity and Address proof of all the directors and shareholders.
  2. PAN details of the directors and shareholders.
  3. The proposed registered office’s bill and legal documents.
  4. An NOC from the owner of the registered office if rented or leased.
  5. DIN & DSC of all the directors.
  6. MOA-Memorandum of Association
  7. AOA-Articles of Association.

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