Domiyance Finance Consultancy LLP
Private Limited Company Registration was never so easy and fast. All our Packages include Name Approval, DIN, DSC, MOA, AOA and Company Registration Certificate along with PAN and TAN Numbers. Start your journey with us by getting your company registered!
A Public Limited Company registration in India is the best suitable business structure for entrepreneurs who are planning for large-scale business operations. A Public Limited Company in India enjoys all the privileges of a corporate entity together with the features of Limited Liability. A public limited company gets listed with the stock exchange to raise capital from the general public. Hence, the Public Limited Companies have to comply with multiple regulations of the government and start a Public Limited Company.
The member of a Limited Company registered in India enjoys the features of Limited Liability and this type of entity is also allowed to raise capital from the public by the issuance of shares. Also, the rules and the regulations of a Public Limited Company are more rigid and strict in comparison to the Private Limited Company. Still, it is better to incorporate a Public Limited Company as it provides the benefits of a Private Limited Company with features such as easy transferability and ownership of shares.
Various rules and regulations are prescribed under the Companies Act, 2013 for the formation of a Public Limited Company in Inia. Here is a checklist one should know of while registering a Public Limited Company:
Step 1: It is necessary to meet all the legal requirements such as Number of Directors, Number of shareholders, minimum paid-up share capital. The further steps of registration will be completed only if this step is complete.
Step 2: The next step is to obtain the DSC and DIN for the directors of the Company. Only a natural person can be a director not any individual or entities like the LLPs or Financial institutions. It is not necessary for the Director to be the shareholder of the Company.
Step 3: To be recognized as a registered office, it is necessary to have a proper address of the Company. The Registered office address has to be registered with the Registrar of Company under whose jurisdiction the office falls. This office address is to be entered correctly as all the correspondence related to business will be made to the registered office address. The registration fee will be dependent on the authorized capital of the company.
Step 4: Before the procedure of registration, the name of the Company has to be approved by the ROC. For a Public Limited Company, the name must end with the word “Limited”. This application will be filed in the RUN form of the Ministry of Corporate Affairs. It is better to provide a list of names in the order of preference, in case a particular name is not available.
Step 5: Once the name of the Company has been approved the crucial documents of the Company that is the MOA and the AOA need to be executed.
Step 6: Once the documents are prepared they need to be submitted to the ROC for verification.
Step 7: Once the verification is done the ROC registers the company and issue the incorporation certificate along with the CIN of the Company.
Step 8: The business cannot be started immediately after receiving the COI. The business has to apply for a certificate of commencement within 180 days of the COI stating that all the subscribers have paid the subscription money.
The application for Company Registration must be filed to the Registrar of Companies along with the documents prescribed under law. These documents can be categorized into the personal documents of the signatory director or promoter, the documents of the Office Premises or the principal place of business, and the documents of the company. You can follow the table below for the complete list of documents.