Registration of Public Limited Company
Public Limited Company is an extended form of Private Limited Company having more features. Public Limited Company is mostly held by business who need to raise capital from the stock market and get their company shares listed on any recognised stock exchange.
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Public Limited Company enjoys corporate form of business having separate legal entity and perpetual succession, which means that the Company remain carry on the business irrespective of Addition or resignation of the Directors. The key feature of Public Limited is it can be registered with minimum Capital of INR 5 Lac and thereafter based upon the expansion plan or increase in business its capital can be increased later on. Liability of member of Private Limited maximum upto the shares subscribed, this gives leverage to shareholders or members to limit its liability.
Public Limited Company can be formed by minimum 3 directors and minimum 7 shareholders. To register as a Public Limited the member need to apply for proposed name of the company and it is mandatory to include word ‘Limited’ at the end of their name and the Registrar of Companies will allot the name of the company. The name allotted by Registrar of Companies is unique and the member can enjoy the name title during entire lifetime of the Company. Public Limited Company is governed by the conditions stipulated in Memorandum of Association (MoA) and Articles of Association (AoA), the members can amend the MoA and AoA based upon the business requirements. For raisinf funds through IPO (Initial Public Offer) the public limited company need to inform through the ‘prospectus’. This ‘prospectus’ contains all the details of the Public Limited Company. Registration of Private Limited is done online on the portal of Ministry of Corporate Affairs, Post Registration certificate of incorporation carrying unique Company Identification Number (CIN) is issued by MCA.
Public Limited Company Registration is complete online and all the registration forms need to be uploaded on MCA portal for getting approval from Registrar of Companies. All the Compliance related e-filing need to be done online on MCA Portal.
We at ReturnFilings.Com will understand the purpose of your proposed business and thereafter will provide you analysis of registering in Public Limited as compared to other form of business covering almost all scenarios to carry out business effectively and efficiently. Based upon the Registration Certificate we need obtain a PAN (Permanent Account Number) in the name of Public Limited to carry out the business. We at ReturnFilings.Com will apply for PAN on behalf of your Public Limited and thereafter provide registration under GST to carry out the trade and service activities, Obtaining Import Export Code (IEC) to carry out import or export activities, obtaining FSSAI Licence from Food Supply and Standards Authority of India to carry out merchandising in food related activities if required depending upon case to case basis, obtaining Udyog Aadhaar under Micro Small and Medium Enterprises (MSME) in order to avail MSME benefits, Obtaining TAN (Tax Deduction and Collection Account Number) in order to ease of business transactions. Public Limited can also register under the start-up India scheme.
Public Limited Company Compliance are never-ending process, the rules and regulations use to change regularly; we keep a track on recent updates and notification and advice the same on a real-time basis to all concerned. Even after obtaining registration under various laws, we at ReturnFilings.Com also fulfill various compliance on your behalf in order to ensure proper and smooth functioning of business and to avoid unnecessary interest or penalty for non-compliance. We at ReturnFilings.Com are determinate to provide end to end solution; our motto is you concentrate on your business while we at ReturnFilings.Com will take care of all your compliance need.