Opting to register as a public limited company in India is a
strategic move for entrepreneurs looking to expand their business
and access public funding. This type of registration is preferred
by larger enterprises for its ability to raise capital from the
public and ensure greater transparency. The process is regulated
by the Ministry of Corporate Affairs, ensuring adherence to Indian
company law.
A business plan serves as a fundamental document for companies
seeking funding, offering investors and financial institutions a
detailed blueprint of the company’s objectives and strategies to
achieve them. Beyond securing funding, a well-crafted business
plan plays a critical role for startups by identifying potential
weaknesses in their concepts, market perceptions, and other
crucial factors that influence business success.
At Legal Suvidha, our team of finance experts specializes in
developing comprehensive business plans that adhere to industry
standards and regulatory guidelines. These plans not only support
businesses in securing essential funding but also provide
strategic direction for sustainable growth.
The process of crafting a business plan entails outlining key
aspects such as founders’ backgrounds, business models, industry
analysis, financial forecasts, and more. This structured approach
not only serves as a roadmap for success but also enables
entrepreneurs to make informed decisions about refining their
business positioning and structure.
Business plans are essential for engaging with various
stakeholders including venture capitalists, bankers, investors,
and private equity firms, as they provide a clear understanding of
the business’s potential and feasibility for investment
opportunities.
Join the ever-growing community of successful entrepreneurs by
registering with public limited today!
Documents Required for Public Limited Company Registration
Here are the refined and professional descriptions of the required
documents:
Copy of PAN Card of Directors
A certified copy of the PAN Card belonging to each director of
the company.
Passport Size Photograph of Directors
Recent passport-sized photographs of each director, duly signed.
Copy of Aadhaar Card or Voter Identity Card
A certified copy of either the Aadhaar Card or Voter Identity
Card of each director.
Copy of Rent Agreement (If Rented Property)
If the business premises are rented, a certified copy of the
rent agreement.
Electricity or Water Bill (Business Place)
A recent utility bill such as electricity or water bill for the
business premises, not older than two months.
Copy of Property Papers (If Owned Property)
If the business premises are owned, a certified copy of the
property deed or papers.
Landlord NOC (Format will be provided)
A No Objection Certificate (NOC) from the landlord allowing the
use of the premises for business purposes. The format for this
certificate will be provided.
These documents are essential for the registration and compliance
processes of the company, ensuring adherence to legal requirements
and facilitating smooth operations.
Public Limited Company Registration Process
Here is a refined and professional version of the registration
process for a Private Limited Company:
Obtaining DSC and DIN
Obtaining a Digital Signature Certificate (DSC) and Director
Identification Number (DIN) is mandatory for the proposed
Directors of the Private Limited Company. These are essential for
electronically filing company registration documents with the
Ministry of Corporate Affairs (MCA). Our representatives will
assist in completing the necessary forms online based on scanned
documents provided by the directors. DIN and DSC can typically be
obtained within 1 to 2 days.
Name Approval
The next step while incorporating a Public Company is to decide on
the name of the Company. The name of the Company will be in the
form of “ABC Limited”.
The name can be approved in the Form SPICe+ application. Only one
preferred name along with the significance of keeping that name
can be given in the Form SPICe+ application. If the name gets
rejected, another name can be submitted by applying another Form
SPICe+ application.
Once the name is approved by the MCA we move on to the next step.
Name Approval is usually processed within 2 to 3 working days.
Drafting MOA and AOA Electronically
The Memorandum of Association (MOA) and Articles of Association
(AOA) are drafted electronically using SPICe MOA (INC-33) and
SPICe AOA (INC-34). This process typically requires 2 to 3 days to
complete.
Company Registration
Upon approval of the proposed names, the electronically drafted
MOA and AOA are submitted along with the SPICe Form INC-32 to the
MCA for incorporation. This submission also includes mandatory
forms 49A and 49B. The MCA processes the application for
incorporation within 5 to 7 days. It is crucial to file forms 49A
and 49B within 2 days of submitting SPICe (INC-32) to avoid
invalidation of the application.
This structured approach ensures compliance with legal
requirements and facilitates the successful registration of a
Private Limited Company under Indian corporate law.
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Limited Company. Our team is dedicated to guiding you through
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Related Guides
A Comprehensive Guide to Startup India Registration: Eligibility,
Benefits, and Procedure
Is Startup India a scheme?
Who is eligible for Startup India?
Startup India Scheme
Public Limited Company Registration FAQ's
What is a Public Limited Company?
A Public Limited Company is a type of business entity that can offer its shares to the public and has no restrictions on the number of shareholders. It is governed by the Companies Act and operates as a separate legal entity.
Who can form a Public Limited Company?
A Public Limited Company can be formed by a minimum of seven members (shareholders) and three directors. The shareholders can be individuals or corporate entities.
What are the benefits of registering a Public Limited Company?
Access to public capital: Can raise funds through public share offerings.
Limited liability: Shareholders' liability is limited to the amount unpaid on their shares.
Enhanced credibility: Public listing provides more recognition and trust.
Perpetual succession: The company continues to exist even if shareholders or directors change.
What is the minimum number of members required for a Public Limited Company?
A minimum of seven members is required to form a Public Limited Company. There is no maximum limit on the number of members.
What is the minimum capital required for a Public Limited Company?
There is no minimum capital requirement for a Public Limited Company. However, the company must have adequate capital to meet business needs and comply with regulatory requirements.
How long does it take to register a Public Limited Company?
The process usually takes around 15-20 business days, provided that all required documents are in order and the name is approved.
What is the role of directors in a Public Limited Company?
Directors are responsible for managing the company’s operations, making strategic decisions, and ensuring compliance with legal requirements. The board of directors oversees all major decisions.
Can a Public Limited Company raise funds from the public?
Yes, a Public Limited Company can raise funds by offering shares or debentures to the public through Initial Public Offerings (IPO) or rights issues.
Can a Public Limited Company convert into a Private Limited Company?
Yes, a Public Limited Company can convert into a Private Limited Company by passing a special resolution and complying with the necessary legal formalities as per the Companies Act.
What taxes are applicable to a Public Limited Company?
Public Limited Companies are subject to:
Corporate Tax on profits (typically 25%-30%, depending on turnover and other criteria).
Goods and Services Tax (GST) if applicable.
Dividend distribution tax if dividends are distributed to shareholders.
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