Incorporation of Public Company

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See What’s included ?

  • Registration of 1 Director and Minimum Rs. 1 Lac Share Capital
  • 1 DSC and 1DIN
  • Name Approval in RUN (Reserve your unique name)
  • Incorporation Certificate, EMOA & EAOA
  • PAN, TAN
  • Filing of Spice Form

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Documents required for the registration of a PLC

Below are the documents required:
  • PAN card of Directors
  • Passport size photos of directors
  • Copy of Aadhar card or voter card
  • Rent agreement (if the property is rented)
  • NOC from the landlord (if the property is rented)
  • Electricity/Water bill (address proof)
  • Property papers (for owned properties)
  • Memorandum of Association 
  • Article of Association 
  • Director Identification Number (DIN)
  • Digital Signature Certificate (DSC)

What is a Public limited company (PLC)?

A public limited company is popularly known as ‘Limited Company’. It is a company limited by shares. There are no restrictions on the maximum number of shareholders, the acceptance of public deposits and transfer of shares. The liability of each shareholder is limited to the unpaid amount of shares, the premium thereon and the face value of the shares held by them. The liability of a director/manager of such a company may, however, be unlimited at times.   

Public Limited Company vs Private Limited Company

A public company can sell its own shares to the general public whereas a private company can sell its own privately held shares to a few investors who are willing to purchase the same.  

Requirements & Procedure for Registration of PLC

Below are the requirements:
  • A minimum of 3 directors 
  • A minimum of 7 shareholders 
  • A minimum share capital of Rs. 5 lacs 
  • A digital signature certificate(DSC)
  • DIN (Director identification number) of directors
  • An application for selection of name of company
  • An application comprising of the main object clause of the company 
  • Submission of application to the ROC along with required documents such as the MOA, AOA, duly filed Form DIR-12, Form INC-7 and Form INC-22 is needed 
  • Payment of the registration fee to ROC 
Upon the submission of the documents and the required payment made to the ROC, the company should apply for the ‘certificate of commencement of business‘. The ROC issues the certificate upon verification of the entire procedure.   

Post Registration Compliances

Below are the post-registration compliances for a Public Limited Company:
  • Hold first board meeting within 30 days of its incorporation by giving a notice of minimum 7 days.
  • Open a bank account in the name of the company and confirm whether subscription money has been received or not
  • Pay stamp duty on shares as per the law
  • Maintain statutory registers under various provisions of this act
  • Make application to the income tax department for the purposes of arranging the PAN.
 

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