Registration of a Public Limited Company

Incorporate a Public Limited Company in India with Marks India. Get expert assistance and guidance on the Process of Registration of a Public Limited Company.

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Registration of a Public Limited Company

What is Public Limited Company

  • Minimum 7 shareholders are required to form a public limited company
  • A minimum of 3 directors are required and there is no restriction on the maximum number of directors

Separate legal entity

  • Liability of each shareholder is limited
  • public limited company is required to have a minimum paid-up capital of Rs 5 lakh or such higher amount as prescribed under the act.
  • prospectus is a comprehensive statement of the affairs of the company issued by a public limited company

When to commence Public Ltd Company

  • Certificate of Incorporation, Certificate of commencement of business, bank account opening and GST registration

Why to Choose Public Ltd Company

  • Expansion opportunities are available
  • Welcome the public investor and issue of equity shares
  • Welcome the deposits from the public money
  • Borrowing capacity increases
  • Welcome the investors from India and foreign investors in the business.
  • Funds can rececived from 3 ways one from the Owners, bankers and Public.

Importance of Public Ltd Company

  • More capital attract from the investors
  • Corporate tax rates in India are 25% to 30%
  • Dividend distribution tax are applicable

Public Limited Company Registration Packages

PUBLIC LIMITED COMPANY

Basic

Rs 34999/-

Rs 28999/-

MOA & AOA Drafting

Digital Signature Certificate 2 years validity (7 persons)

Name approval

PAN & TAN

Incorporation fees authorised capital of Rs.10 lakhs

GST Registration

Free bank account opening

Incorporation certificate

Share Certificate

Appoint First Auditor of the Company

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Premium

Rs 39999/-

Rs 34999/-

MOA & AOA Drafting

Digital Signature Certificate 2 years validity (7 persons)

Name approval

PAN & TAN

Incorporation fees authorised capital of Rs.10 lakhs

GST Registration

PF & ESI Registration

Free bank account opening

Incorporation certificate

Statutory Registers and Records

Free Experts Consulting

Share certificate

Appoint First Auditor of the Company

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Important Steps Before Formation of Public Limited Company

Knowledge of the business

  • Do you have the previous experience in the same business? how many years?
  • Product analysis with the questions whether the product under any restricted sales in India eg. Cement, Steel

Growth of the Business

  • Growth of the business in India for the next 5 to 10 years?
  • Feasibility report of the business and products
  • Business plans and projected Financial Product for 5 years

Marketing Strategy

  • Marketing strategy is available with target customers?
  • Pricing of products and margin available in the product ?

Funds – Working Capital

  • Sufficient working capital required for running the business for minimum period of 3 months. The funds can be own fund or bank funds.
  • How many months Investment in the business have required, return on investments and working capital funds are available for fixed expense months?

Company Registration in simple steps

step 1. Obtain Dsc, Apply Dsc For Directors And Apply Name Approval

step 2. Incorporation Of Documents ( Draft Sent To You For Confirmation)

step 3. File spice (inc-32)

step 4. Get Incorporation certificate, Pan, TAN & Bank Accounts

Check Company Name

Documents required for Public Limited Company

ID Proof

  • Scanned copy of PAN Card of all directors and Voter ID/ Passport/ Driving License

Address Proof

  • Latest Bank statement/ Utility bill in the name of director which should not be older than two months

Photo

  • Latest passport size photograph

Registered Office Proof

  • No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Notarized Rent agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property)

Compliance after formation of Public Limited Company

Accounts & Operations

  • Open a Bank account with one Private bank and one scheduled bank
  • Get one accounting software with GST facility

Compliances

  • GST registration
  • PF & ESI Registration if applicable
  • Profession Tax registration
  • Import & Export Code registration
  • STPI Registration / SEZ registration
  • Secretarial compliance required for passing resolutions, Change in Management, entering contracts, loan obligations etc

Performance

  • Review Financial Products performance by every 3 months
  • Compare the budget amount with actual Financial Products results

Statutory Obligations

  • File GST return every month without delay
  • PF & ESI return filing
  • TDS Payments & Return filings
  • Advance Tax payments
  • File income tax return by every year before due date

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