A Public Limited company is the largest form of business available in India. Public limited company is a large company and is formed to raise funding from the public through IPO, etc. There is no limit on the maximum no. of members; however, after 500 members, SEBI approval is needed
This is one of the most common questions that is being asked by every person who is willing to start a company in India. Though there is no restriction on anybody to form a company in India, still there is some Confusion in the minds of entrepreneurs, which is as Follows:
1. Students: Students over the age of 18 can form any type of company in India.
2. Employees: Employees are generally not allowed by their employers to form a company and be a director. They may hold shares but cannot take position as director. If they wants to open any company, then they need to check their employment agreement and may also seek permission from the respective employer.
3. Person with criminal Background: Though they are not barred to form a company, however, they need to give various declarations to the ROC.
The Services which are included in our package are as Follows:
✅ Digital Signatures of 7 Subscribers
✅ DIN of Directors
✅Filing of Spice form
✅Issue of Incorporation Certificate along with PAN and TAN
✅Memorandum of Association
✅Articles of Association
✅Provisional PF ESI Registration
✅GST Registration
✅MSME Registration
1. No Minimum Capital Requirement
2. Secure Personal Assets
3. Base to Establish NBFC
4. Base for Finance Business
1. PAN Card of all Directors and Subscribers
2. Identity Proof, i.e. Voter ID Card/ Driving License/ Aadhar Card/ Passport of all Directors and Subscribers
3. Address Proof, i.e. Bank Statement, Mobile bill, Telephone bill of all Directors and Subscribers
4. Passport Size Photographs of all Directors and Subscribers
5. Current Electric Bill/ Utility Bill as Registered Office Proof
6. Rent Agreement if Applicable
Step -1: Arrange all Required Documents:
The first step is to arrange all the documents and send the same over the email / WhatsApp to us. Once all the Documents are Received, we will Start the Further Process.
Step -2 DSC and Name Availability:
The Next Step is to start the Further Process of the Digital Signature and check the Name availability.
Step 3: Preparation of Documents:
The Next Step is the Preparation of Documents to be Submitted to the Department.
Step 4: Filing of Spice Form:
The Next Step is the Submission of the Spice 32 Form at the Department.
Nowadays, Incorporation of a Public Limited Company is a very easy process by the Ministry of Corporate Affairs. Various Initiatives of the Government, Such as Start-up India, have also boosted the company registrations all over India. Further, also Public company allows for raising funding from Angel investors, Venture Capital, etc. However, the following are the mandatory requirements to form a private limited company.
• A minimum of 7 Persons are required to form a Public Limited Company
• Whatever is the Capital of the company is to be shown within 6 Months From the Date of Incorporation, and E Form INC-20a A is to be filed for the Commencement of Business.
• Compliance to be filed yearly to avoid Penalties.
1. Board Meetings: Every Public company needs to hold a minimum of 4 board meeting in one Financial Year as per the Provisions of Companies Act, 2013.
2. Statutory Registers: Every Public company needs to Prepare Various Statutory Registers from time to time as per the Provisions of the Companies Act, 2013.
3. ROC Filings: Every Public company Must File Various ROC compliances yearly as per the Provisions of the Companies Act, 2013.
Q1. What is the difference between a listed company and a public limited company?
The difference between listed company and public company is very simple. A public company when go to public to raise capital, it had to get registered with stock exchange and once it is registered, then it is also known as listed company.
Q2. What is the minimum capital require01ment for a Public Limited Company in India?
There is no minimum capital requirement for public limited company incorporation in India. Earlier, it was 5 lakhs, however to provide ease of doing business in India, the requirement of minimum capital for Public company is withdrawn.
Q3. What is the Maximum Number of Shareholders in a Public Limited Company?
There is no restriction on the maximum number of shareholders in a Public Limited Company.
Q4. Can an NRI/foreign-registered Company in India operate without actually coming to India?
Yes, as Per Provisions of Companies Act, 2013, It is possible to register company in India without even visiting to India. In this case, all the documents of the NRI or the foreign national is notarized at notary public or at Indian embassy as per the respective requirement.
