A Public limited company is the standard structure of a company and it must have minimum paid-up capital of Rs.5,00,000/- which has offered shares to the general public and the liability of the company is limited and there is no maximum capital limit. Every Public Limited Company should appoint a minimum 3 director and in case of Listed company one-third as an independent director.   To form a Public limited company minimum of 7 members are required and there is no restriction on a maximum number of members. The shares allotted to the members are freely transferable.

Benefits to register as a Public Limited Company

  • Separate Legal Entity.
  • Limited Liability.
  • Continuous Existence.
  • Better Borrowing Capacity.
  • Easy Transferability of Shares.
  • Listing of shares on Stock Exchange, if required.
  • Capacity to sue and be sued.

 

Startup Process Time:

AuditDisciples can incorporate a Public Limited Company in any part of India in 14 to 20 working days, subject to ROC processing time and timely submission of relevant documents by the Client.

Inclusion:

  • DIN.
  • Digital Signature.
  • Name Approval
  • Drafting of MoA & AoA.
  • Preparation of other documents and declarations required for incorporation.
  • ROC and Government registration fees for DIN, DSC, and Incorporation.
  • Government Stamp duty fees.

Minimum Requirement for Public Limited Registration:

  • Minimum 7 Shareholders
  • Minimum 3 Directors
  • Minimum Rs. 5 Lakh Share Capital

 

Documents Required for Public Limited Registration:

For Indian Nationals:

  • Copy of PAN card of all directors and shareholders.
  • Copy of Voter’s ID / Passport / Driver’s License / Aadhar Card of all directors and shareholders. (Any 2)
  • Passport sized photograph of all directors and shareholders.
  • Copy of latest bank statement/telephone or mobile bill/electricity bill in the name of all directors and shareholders (Should not be older than 40 days).
  • Copy of Rental agreement of office address. (Format will be provided by us)
  • Copy of latest electricity bill and tax receipt in the name of a landlord of office address.

For Foreign Nationals:

  • Passport
  • Address Proof like Driving license, etc
  • Photo ID proof (Any document containing Name in full, Photo and Date of Birth).

Note: The above documents need to be notarized / certified by the Indian Embassy / Consulate of the particular country

 

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