Public Limited Company

Public Limited Companies are those companies where minimum number of members is seven and there is no restriction on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.

Public Limited Companies in India are a destination point for Foreign Direct Investment (“FDI”), because, under Foreign Exchange Laws, these are the areas open for public limited companies to attract foreign loans and equity participation.

Advantages of Public Limited Company

Separate Legal Entity:

A Public Limited Company having its distinct identity from its members. A company is a separate person having its own rights & Obligations.

Limited Liability:

Limited Liability means the status of being legally responsible only to a limited amount for debts of a company. It is not like partnership and proprietorship firm, in a limited liability company the liability of the members is limited in respect of the company’s debts.

Borrowing Capacity:

A company can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc.

Perpetual Existence:

In company law, perpetual successionis the continuation of a Company or other organization’s existence despite the death, bankruptcy, insanity, change in membership or an exit from the business of any owner or member. Thus the life of the company does not depend upon the life of its members.

Increased Trust and prestige:

A Public Limited Company enjoys greater trust of public because its accounts are published and it operates under statutory regulation and control. Shares of a Public Limited Company are traded on Stock Exchanges.

Democratic Management:

Everyone is given the opportunity to participate, ideas are exchanged freely, and discussion is encouraged. Shareholders can elect and remove directors. They exercise control over management in general meetings of the company.

Process for Public Limited Company Registration

What you do

You just need to fill our simple form regarding the basic details of director and business activities & provide the KYC of directors.

What We do

Company’s registering In India need to get their name approved from the Registrar of Companies (ROC). We will be preparing and filing all the documents with the MCA.

What you get

Once the name will be approved by the ROC, We will register your OPC via fastest process (SPICe).You will receive OPC Certificate of Incorporation within 25 Working Days.

Packages

Basic Pack
₹ 33,999

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DSC of the 2 Directors,
DIN of the 2 Directors,
Filing of Forms with ROC,
Name Approval of Company,
Drafting of Memorandum of Association (MOA) & Articles of Association (AOA),
Certificate of Incorporation of Company,
Share Certificates.

Standard Pack
₹44,999

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Basic Pack

+

One Financial Year TDS Return filing& Consultancy
+
One Financial Year Service Tax Return Filing & Consultancy

Premium Pack
₹69,999

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Standard pack

+

Annual Filing of Company

+

Tax Consultancy & ITR filing

+

Service Tax Return Filing

+

Book Keeping Service

(for one financial year)

Frequently Asked Questions

Will the package value will remain the same if I already have my DSC and DIN?

NO, If you already have your DSC and DIN, you will definitely get some relief on the above mentioned packages.

What is the minimum Capital requirement to start a Public Limited Company?

A Public Limited Company can be started with a minimum authorised capital of Rs. 5 lakh. There is no mandatory requirement for a minimum paid up capital.

Do I need to be physically present?

All the documents are filed in electronic form and there is no need of any physical presence.

What is the Stamp Duty payable for Company Incorporation?

Stamp Duty payable depends on the state in which you incorporate your Company and on the authorized share capital. But every company has to pay stamp duty on MOA and AOA.

*  Stamp duties additional for Punjab, Madhya Pradesh and Kerala

Is there any limit of number of members or shareholders?

There is no limit on maximum number of member; however minimum numbers of members are Seven (7).

What are the statutory compliance for a public limited company?

A Public limited company must get its statutory audit done by a Chartered Accountant at the financial year end and it also required to file Income Tax Return to Income Tax Department. In Addition to that a company also required to file its Annual Filling Forms with Registrar of Companies.

What is the minimum and maximum limit of directors to form a public limited company?

In case of Public Limited Company, Minimum three (3) and Maximum Fifteen (15) numbers of directors are required.

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