Public Limited Company is business entity recognised by the Companies Act 2013 with (i) a minimum of seven members/ shareholders but unlimited members/ shareholders and (ii) limited liability of members/ shareholders.
Owners’ Limited Liability
Separate Legal Existence
Easy Fund Raising from the public and financial institutions.
Favourite business structure for investors
Preferable for business activities requiring more capital & having long gestation period.
More liquidity for shareholding because shares of a public company is freely transferable.
1 STEP
Seven or more persons come together to form Public Limited Company
2 STEP
Coin/formulate the Company Name
3 STEP
Apply to Ministry of Corporate Affairs for getting name for the proposed Public Limited Company.
4 STEP
Plse. get Digital Signatures.
5 STEP
Prepare Memorandum of Association ( MoA) & Articles of Association( AoA)
6 STEP
Submit application for the registration of the Public Limited Company along with the required documents and prescribed government fees
Coin/formulate the Company Name in the following manner:
Mainly it builds the company brand and preferably be a coined word
The second part of the name should suggest the business activity of the company
Name of the company must end with ” ( OPC) Private Ltd” as a suffix
Eg: Alpha Manufacturing Public Ltd.
Plse. note that name proposed shall not same or similar to the name of existing company or LLP.
You can check here name availability for the proposed Public Limited Company.
Plse. also note that that name proposed shall not same or similar to a already registered trademark or is subject matter of an application pending for registration under the Trade Marks Act.
You can check here whether the proposed name is based on a trademark registered or is subject matter of an application pending for registration under the Trade Marks Act.
The following documents of all the promoters are required:
01. Copy of PAN Card of all the promoters
02. A document for Proof of identity of all the promoters – Voters Identity Card or Passport or Driving License (Aadhaar Card is not acceptable)
03. A document as residential proof of all the promoters – Bank Statement or Electricity Bill or Telephone bill or Mobile bill ( not older than two months)
04. Proof of address of registered office of Private Limited Company – Copy of Rent agreement (If rented property) and Telephone Bill /Electricity/ Water bill/Gas bill (Business Place) ( not older than two months) + NOC from building owner .
05. Passport size photograph of all the promoters.
Note: In case of NRI or Foreign National, documents of director (s) must be notarized or apostilled. Foreign nationals need not have PAN; but they must provide a valid passport.
You can check here the government fees and stamp duty applicable for public Limited Company registration.
There should be Minimum 7 Shareholders to form a public limited company
There should be Minimum 3 Directors to form a public limited company
The directors and shareholders can be same person
One of the Directors must be Indian Resident
There is no restriction as to the number of shareholders in a public limited company.
The number of directors – normally- in a public limited company shall not be more than 15.
As of now there is no minimum capital (Authorised or Paid up Capital) requirement for registering a public limited company.
A Public limited company can commence its business/ operations only after filing a declaration with Registrar of Companies within a period of one hundred and eighty days from the date of incorporation/registration of the company to the effect that every subscriber to the memorandum/promoter has paid the value of the shares agreed to be taken by the promoter at the time of registration of the company.
PUBLIC LIMITED COMPANY REGISTRATION
Alappuzha, Ernakulam, Idukki, Kannur, Kasaragode, Kollam, Kottayam, Kozhikode, Malappuram, Palakkad, Pathanamthitta, Thrissur, Wayanad, Trivandrum
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Saturday 9am – 2pm
Sunday closed
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