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Public Limited Company
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Get your Public Limited Company with us, starts at just Rs. 29,999/-* Now to get started Pay Just Rs. 299/- , and the rest will be pay conveniently after processing begins.

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Public Limited Company Registration
Overview

Incorporating a Public Limited Company is a suitable option for large scale businesses that require huge capital. There should be a minimum of seven members with no limit on maximum number of members/shareholders for starting a Public Limited Company.

Usually, Public Limited Companies get listed with stock exchanges to raise capital from the general public. This is why Public Limited Companies have to comply with multiple regulations of the government and starting a public limited company becomes a cumbersome process.

A public limited company has many advantages over Private Limited Company and the ability to have any number of members, ease in transfer of shareholding and more transparency makes it popular amongst foreign investors. If you are planning to raise funds from the public through Initial Public Offer (IPO) then start your business by incorporating Public Limited Company.

For Public Limited Company Registration, the company must have minimum 3 Directors, 7 Shareholders and Maximum 50 Directors and need Rs 5 Lakhs of Paid up Capital.

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Reason to Register Public Limited Company:
  • Separate Legal Entity:
    Company is an artificial judicial person established under the Companies Act. A company is a separate legal entity from its Directors and Shareholders. Hence, assets and liabilities of the business are not same as the assets and liabilities of the directors and Shareholders. Both are counted as different.
  • Perpetual Succession:
    The company keeps on existing in the eyes of law even in the case of death, insolvency, the bankruptcy of any of its members. This leads to the perpetual succession of the company. The life of the company keeps on existing forever.
  • Limited Liability Protection to Directors personal assets:
    Many times business need to borrow money and take high investment decisions. Public Ltd. Company is the best option for entrepreneurs with larger investment requirements. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans or business goes into loss. In a Public limited company, only investment in shares of the business is lost, personal assets of the directors are safe.
  • Multiple avenues of funding:
    Public Limited Company can raise funds from individuals as well as from financial institutions. The funds may be raised via equity shareholding, preference shareholding or debentures.
  • Easy transferability of shares
    This is one of the biggest advantages of a Public Limited Company. The shares can be easily transferred by a shareholder to other legal entities – be it an individual or an organization, in India or abroad. The directorship of the company can also be changed for ensuring business perpetuity.
  • Scope for expansion:
    There is unlimited scope for growth and expansion of business in Public Limited Company and new shares can be used to raise additional capital in Public Limited Company.
Document Checklist & Registration
Document Checklist
  • A short description of the company and the nature of business.
  • Occupation details of directors as well as shareholders.
  • Copy of PAN & Aadhar Card For All Proposed Directors
  • Proof of Address - For All Proposed Directors
    - Bank Statement OR Copy of any Utility Bill OR Electricity Bill OR Telephone Bill OR Mobile Bill (not older than 02 Months)
  • Proof of Identity - FOR All Directors
    Passport OR Voter ID card OR Driving License
    Electricity Bill for Registered Office Address (not older than 02 Months)
    If rented then Rent Agreement on one of the Proposed Directors name
  • NOC in Case of Rented Premises along with Rent Agreement
  • Passport Size Photo (All Directors)
  • Email ID for the Company, Mobile and Mail id of Directors
Public limited company REGISTRATION PACKAGES
Standard
  • 29,999/-
  • 7 Digital Signature Certificates
  • 3 Director Identification Numbers
  • Name Approval
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • e-PAN
  • e-TAN
  • 7 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus
Buy
regular
  • 37,999/-
  • 7 Digital Signature Certificates
  • 3 Director Identification Numbers
  • Name Approval
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • e-PAN
  • e-TAN
  • 2 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)
Buy
advance
  • 61,999/-
  • 7 Digital Signature Certificates
  • 3 Director Identification Numbers
  • Name Approval
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • e-PAN
  • e-TAN
  • 2 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus
  • Trademark (1 application 1 class) (start ups, proprietorship & small business)
  • 1st Income Tax filing upto turnover of Rs. 1 Crore
  • 12 Month TDS Filing upto 400 entries
  • 25 Copies of MOA
  • 25 Copies of AOA
  • 25 Copies Of AOA
  • 10 Copies of Share Certificate
  • 12 month GST Return FilingCompany Seal
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Process to Incorporate Public Limited Company
Process to Incorporate Public Limited Company

Annual ROC Compliance of Unlisted Public Limited Company

Annual ROC compliances of a Public Limited Company differ for an unlisted Public Limited Company and listed Public Limited Company.

Board meetings

An unlisted Public Limited Company is required to hold at least 4 Board meetings in compliance with Section 173 of the Companies Act, 2013.




Appointment of a Cost Auditor

The auditor is required to be appointed as per Section 148(3) along with Rule 6(2) and Rule 6(3A) of the Companies (Cost Records and Audit) Rules, 2014. For this, Form CRA-2 has to be filed.



Appointment of an Auditor

It is pertinent to mention that original appointment of the auditor has to be done within 30 days of Board meeting or 180 days of Financial Year, whichever is earlier. When a casual vacancy arises, the same has to be filled within 30 days.

Income Tax Audit & MAT Audit

This has to be filed with the ROC under whose jurisdiction the company falls via Form DPT-3, in compliance with Rule 16 of Companies (Acceptance or Deposit) Rules, 2014.


Appointment of CFO or CS or CEO

Section 203 read with Rule 8 & 8A of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 requires appointment of CFO or CS or CEO within 30 days of AGM or within 6 months in case of casual vacancy. For this, Form MGT-14 and Form DIR-12 are filed.

Annual General Meeting

AGM for declaration of dividend has to be conducted in compliance with Section 96 of the Companies Act, 2013.







CSR Committee

CSR Committee has to hold four meeting with a gap of not less than 120 days between two meetings for discussion and approval of CSR activities. This is done in compliance with Section 135 of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014 and Secretarial Standard-1.

Director’s Disclosure

Directors are required to disclose any financial interest in the company via Form MBP-1in compliance with Section 184(1) of the Companies Act, 2013 read with Rule 9(1) of the Companies (Meetings of Board and its Powers) Rules, 2014.



Annual ROC Compliance of Listed Public Limited Company

Annual General Meeting

Annual General Meeting has to be held in accordance with Section 121(1) of the Companies Act, 2013. Form MGT-15 has to be filed once the AGM has been conducted.




Financial Statements

The financial statements of the company have to be filed as per Section 137 of the Companies Act, 2013, read with Rule 12(2) of the Companies (Accounts) Rules, 2014. The financial statements consist of Balance sheet, Cash Flow Statement, Director’s Report, Auditor’s Report and the combined Financial Statement which is prepared in XBRL (Extensible Business Reporting System). This is filed via Form AOC-4.

Annual Return

This has to be filed in accordance with Section 92 of the Companies Act, 2013, read with Rule 11(1) of the Companies (Management and Administration) Rules 2014. The annual return contains information pertaining to the directors and shareholders and is required to be filed in Form MGT-7 with the relevant ROC.

Return of Deposits

This has to be filed with the ROC under whose jurisdiction the company falls via Form DPT-3, in compliance with Rule 16 of Companies (Acceptance or Deposit) Rules, 2014.


Financial and Director’s Report

Adoption of Financial and Director’s Report has to be done in consonance with Section 173 of the Companies Act read with Secretarial Standard 1. Its filing is done via Form MGT-14.



Income Tax Returns

This has to be filed with the Tax Department in Form ITR-6 on or prior to September 30th of the Financial Year.






Secretarial Audit Report

Submission of Secretarial Report is a requirement under Section 204 of the Companies Act, 2013 read with Rule 9 of The Companies (Appointment and Remuneration Personnel) Rules, 2014. Secretarial Report has to be submitted only when the company’s total Paid-up capital is equal to or crosses INR 50 crores or its annual turnover is equal to or exceeds INR 250 crores. This has to be filed via Form MR-3.

Other compliances

These include the rules and regulations laid down by SEBI. Listed companies have to comply with the Listing Regulation of 2015.






 
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