Public Limited Companies are exclusively entitled to trade on the stock exchanges. These companies are most suitable for raising huge capital, large-scale businesses, and business diversification, in addition to enjoying the advantages of limited liability and perpetual existence. According to the new Indian Companies Act of 2013, for incorporation of a public limited company, there are needed at least Three Directors and Seven Shareholders; there being no limit to the maximum number of shareholders in a public limited company in India. Again, the Companies (Amendment) Act of 2015, has removed the mandatory requirement of obtaining the certificate for commencement of business, even by a public limited company. The sections below, provide the checklist for incorporation of public ltd company anywhere in India, along with the procedure for the same.
Legal and advisory services of our Delhi-based law firm are available for all popular types of companies, and all major categories of the intellectual property. Our legal and consultancy services for companies range from company incorporation and business management to greater profitability and business diversification & expansion. During around a decade, hundreds of entrepreneurs and industrialists have utilized our expert and efficient services for public limited company registration in india for doing businesses in various economic sectors.
In general, the documents required for public limited company registration in india, are mainly the following:The whole procedure for public limited company incorporation anywhere in India, mainly covers the following four processes/tasks:
Today, there are two most prominent ways of registering a public limited company in india, the latest way is using the SPICe system. This SPICe (Simplified Proforma for Incorporating Company Electronically) system offers Five facilities through a Single Application (in Form SPICe-32). These five facilities are available for the purposes of --- name reservation, new company incorporation, allotment of DIN, and allotment of PAN and TAN.
This system is most suitable for registering all types of companies, when the required DINs are up to Three, and the Subscribers are up to Seven. The other way is the normal incorporation procedure which involves filing of Forms INC-7, DIR-12, and INC-22. Here it may be noted that, though the SPICe-32 allows reservation of company name, it is quite securing and preferable to use Form INC-1 (which allows as many as Six proposed names of the company) for checking the name availability beforehand, and reserving the same, well before filing the SPICe-32. Under the SPICe system, the e-MOA and e-AOA are filed separately through Form INC-33 and Form INC-34, respectively. Here, it may also be mentioned that, for reserving a company name, the recently introduced RUN (Reserve Unique Name) web-service may also be used, if the authorized capital of the proposed company is less than Rs. Ten Lakh. The RUN web-service of MCA Portal waives the governmental fee for incorporation of a company, and permits proposal of two company names.
To get more and in-depth information about incorporating a Public Limited Company anywhere in India, or harness our impeccable and reasonably-charged services for the purpose, ambitious and innovative entrepreneurs and industrialists may readily call/WhatsApp over: +91-88001-00284 or forward their queries or requests for service at: contact@Company-Registration.in.