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Public Limited Company Registration

Public Limited Company to be Incorporated under Companies Act, 2013

A) Introduction of Public Limited Companies

A Public Limited Company can be incorporated under Company Act 2013 .It is a company that has limited liability and offers shares to the general public. The company is mainly suitable for the large scale of business where the capital will be high. Incorporation gives you a professional status and also Registering the Trademark of your company will help you to safeguard your identity and restrict others from using it.

Name: Every company incorporated should have the last word LIMITED in its name.
Members: Minimum 7 members, minors cannot become members of company
Directors: A public limited company should have at least 3 Directors it can exceed upto 15.
Prospectus: As per the requirement of the Act, prospectus is mandatory for the public limited company.
Share capital: Zero paid up capital.

B) Benefits of Public Limited Companies

Limited Liability

The liability of the company is limited.The personal assets of the shareholders will not be used for unpaid debts. If the company is facing a financial crisis, the assets of the company will be used to pay back the debts.
Separate Legal Entity

It will be considered as a separate legal entity where the assets & liabilities of the business and directors are not same. Company will be considered to be a legal person and also holds the Right to Sue a third party in case of any dispute or default arises.
Easy Capital

The capital for the company can be made with the help of issuing shares to the general public. It results in maximisation of capital in large scale.
No Minimum Capital

You can start up your Public Limited Company with zero paid up capital. Now capital can not stop you from starting your business.

C). Documents required for Incorporation of Public Limited Company.

ID Proof

Aadhar / Voter ID / Driving licence / Passport of Directors and Shareholders

Address Proof and Utility Bill

The Address proof of the Directors, shareholders along with the Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement.

Photos

A photo Copy of the respective Directors and shareholders.

PAN

The PAN card of the respective Directors, shareholders and designated authorities of the company.

DSC

Digital signature is the electronic signature format of the Directors / signatory authority for the purpose of e-filing with the Register of Companies.

NOC (Owner/Landlord)

No objection certificate by the owner / landlord must be enclosed.

Additional Documents

In case of any Non Resident Indian (NRI) or Foreign National Directors the relevant documents must be notarized and apostilled for certifying documents.

DIN

Directors’ Director Identification Numbers (DINs)

MOA

Company’s Memorandum of Association (MoA)

AOA

Company’s Articles of Association (AoA)

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