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What is Public Limited Company Registration

A Public Limited Company is a form of company whose shares may be freely sold and traded to public as compared to Private Limited Company. Public Limited Company limits the liability of shareholders to the extent of their capital. Minimum three directors can form public limited company. Public Limited Company is ideal when an entrepreneur has a vision to go public for Fund raising. This form of Company can have unlimited members and Minimum of seven members. Norms are little strict for a Public Limited Company as compared to Private Limited Company. A Public Limited Company is required to get their accounts audited every year and file annual returns with Ministry of Corporate Affairs (MCA). This form of Company has a perpetual succession. Shareholders may come and go but company continues as separate legal entity.

Advantages of Public Limited Company Registration.

  • Limited Liability :One Person Company is the only type of corporate entity that can be started and operated by a single promoter with limited liability protection in India.
  • Continuity of Existence: A company has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved.
  • Separation of Management and Ownership:Ownership of a business can be easily transferred in a company by transferring shares.
  • Brand Value :Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns.

Procedure For Public Limited Company Registration

  • Application of DSC ( Digital Signature Certificate ) : Digital signature of all proposed directors are mandatorily required, as all documents for the purpose of company registration is required to be digitally signed by proposed directors.
  • Director Identification Number (DIN ):DIN is a unique identification number assigned to all existing and proposed directors of a company. It is mandatory for an existing and proposed director to have a DIN.
  • File the Name Approval Application :Management can be run by Professionals and advisors by adding them as Directors without giving ownership rights..
  • Company Name Approval:We will do an online research about the availability of suggestive names and advice accordingly. After this step we will file Name Approval application to ROC.
  • Final Incorporation Formalities:After name of approved, We will file all papers related to incorporation along with all supporting documents as mentioned in the check list.

Public Limited Company Registration

Documents Required For Public Limited Company Registration

  • PAN Card and Aadhar Card
  • ID Proof (PAN Card/Passport/ Voter Id )
  • Address Proof ( Bank Statement/ Telephone Bill/ Electricity Bill )
  • Passport Size Photographs
  • Signature (Signature should be same as in PAN)

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