Public Ltd. Company Registration – व्यापार साथी

Public Limited Company Registration Process in India

In India, setting up a Public Limited Company is a completely online procedure. There’s no need for physical paperwork; instead, all documents are submitted through the MCA website. This online system is managed by the Central Registration Centre (CRC).

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Overview

Once all the registration steps are followed according to the rules laid out by the Companies Act of 2013, the Registrar of Companies issues an electronic Certificate of Incorporation (COI). This digital certificate can be verified on the MCA website, confirming its authenticity.

The process of incorporating a public limited company involves careful gathering and submission of required details as per legal stipulations. Managing this process demands a thorough understanding of legal requirements and practical experience in the field.

Benefits of Public Limited Company Registration

Like Its Own Person:

A Public Limited Company is its own legal entity. This means it’s separate from the people who own it. It keeps going on its own, can own things, be responsible for its actions, and manage its own money.

Lots of Ways to Get Funds:

This kind of company can collect money from public investors and banks. They can sell shares or even issue bonds to gather funds they need for growth.

Shares Can Move Around Easily:

One of the best things is that shares of the company can be given or sold to others very easily. Whether it’s to a person or a company, in India or another country, shares can change hands without a lot of trouble. Plus, they can bring in new directors to keep the business going strong.

Owners Aren’t On the Hook:

If the company faces a financial problem, the people who own shares won’t have to pay out of their pockets. They are only responsible up to the amount they’ve invested in the company’s shares.

Room to Grow:

With a lot of money from shares, a Public Limited Company has big chances to expand and grow.

Who’s in Charge:

The company is run by a group of people called the Board of Directors. These directors are chosen by the shareholders, the people who own the company’s shares.

To start a public limited company, you’ll need to gather a few important documents for each person who will be a director or shareholder:

For Proving Who You Are and Where You Live:

A scanned copy of the PAN Card for Indian citizens or Passport for Foreign Nationals and NRIs.
A scanned copy of any government-issued identity card like Voter ID, Passport, or Driver’s License.
A scanned copy of a recent bank statement or a bill for your phone, electricity, or gas.
A scanned photo and for directors, a blank paper with your signature on it.

To Show Where Your Company Will Be: You’ll need to show that your company has an official place in India. This can be done by providing:

A recent electricity bill, property tax receipt, or water bill.
If you’re renting, a scanned copy of your rental agreement in English, plus a utility bill for that address.
A letter from the landlord saying it’s okay to use the place as your company’s official spot.
If you own the property, a scanned copy of the property’s sale papers.

Remember: Your company’s official spot doesn’t have to be in a business area. It could even be your home.

Here’s how to get your Public Limited Company started:

Step 1:

First, make sure you meet the basic rules – you need the right number of directors and shareholders, and a certain amount of money ready to start the company. You can only move to the next step when these are in place.

Step 2:

The people who are going to be in charge of your company (the directors) need to get their Digital Signature Certificate (DSC) and Director Identification Number (DIN). Remember, only real people can be directors, not companies or other kinds of organizations. Also, it’s okay if the director does not own part of the company.

Step 3:

Your company must have an official address. This address is where all the official mail will go, and you need to tell the Registrar of Companies about it. They are the ones who keep track of businesses in your area. How much you pay to register your address depends on how much your company is worth on paper.

Step 4:

You need to choose a name for your company and make sure the Registrar of Companies says it’s okay. For a Public Limited Company, the name should have the word “Limited” at the end. You fill out the ‘RUN’ form on the government’s company affairs website and give a few names you like, just in case some are already taken.

Step 5:

After you pick a name, you need to make two important papers – the Memorandum of Association (MoA) and the Articles of Association (AoA). These are like your company’s rulebook and plan.

Step 6:

Take all your paperwork and send it to the Registrar of Companies so they can check it.

Step 7:

If the Registrar says everything looks good, they will officially list your company in the government’s records. They’ll give you a certificate and a unique company number.

Step 8:

Just getting this certificate doesn’t mean you can start doing business right away. You need to get another certificate within 180 days that says all the people who promised to invest in your company have paid their share. Only then can you start your business.

Remember, each step is important and you have to do them in order. This is the way to make your company official in India.

To start a Public Limited Company in India, you should know these requirements:

You need at least 7 people to start the company.
Your company should have at least 3 directors.
One director must have a digital signature, and you must give copies of identity and address proof that the director has signed.
All directors need a special number called DIN.
You must pick a name for your company and ask if you can use it.
You need to tell what your company will do, which is the main goal of your company.
You have to fill out some forms with your company details, the rules of your company (MOA and AOA), and send these forms to the Registrar of Companies (ROC) with the necessary fees.
After the ROC says everything is okay, you must get a business start-up certificate before you can begin working.

Registering a Public Limited Company is now fully digital – you can do it all from the comfort of your home. At Vyapar Saathi, we handle the whole process online and wrap it up in just 14 days.

Here’s what you get with the Vyapar Saathi Public Limited Company Registration package:

Unique Director Identification Numbers (DIN) for 3 Directors
Digital Signatures (DSC) for all 7 directors and shareholders
Creation of the official company rules (MoA & AoA)
All the registration fees and stamp duty are covered
Your Company Incorporation Certificate
PAN and TAN for your company
Registration of your company with PF and ESIC
A certificate to start doing business for your new company

Everything you need to set up your public limited company is right here in one package!

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