PUBLIC COMPANY REGISTRATION

(Online Process/Free Consultation)

Register your Public Company in 10-12 working days anywhere in India. Our dedicated team of professionals at Legal Time will help you to register your Public Company.

Public Company Registration

What is Public Company Registration?

Public Limited company is the ideal choice of corporate entity for medium and large sized businesses that raise equity capital from the public. For Public Limited Company Registration, the company must have minimum 3 Directors, 7 Shareholders. A Public limited company have all the advantages of Private Limited Company and the ability to have any number of members, ease in transfer of shareholding and more transparency.

More preference is given to public limited company in giving loan. By following compliance a public limited company can list its shares on stock exchange. Shareholders can transfer their Shares with great ease.

PUBLIC COMPANY REGISTRATION PROCESS IN INDIA

Step 1: Name Reservation

The first step in incorporation is to reserve/approve the name of company. The proposed name selected should do not consist of any word which is prohibited under Companies Act, 2013. An approved name is available for a period of 20 days from the date of approval, for a new company registration. It is allowed to apply for two names and one Resubmission (RSUB) while Reserving Unique Names for companies through the RUN web service.

Step 2: Digital Signature Certificate (DSC) of Director

The application for public limited company is filed online and it is mandatorily required to be signed by the director and shareholder of the company. So DSC is required to be taken for the directors and shareholder of the company, who is required to sign the e-form for registration before filing incorporation application for the company. ID, Photo and Address proof is required to along with DSC application form for issuance of DSC.

Step 3: Director Identification Number (DIN)

DIN is a unique identification number to the director issued by Registrar of the companies (ROC) for becoming a director in India. An application is filed along with address and ID proof duly attested by CS/CMA/CA.

Step 4: Document Submission

Application for registration/incorporation of public limited company is made to Registrar of Companies (ROC)  in FORM Spice 32 along  with Memorandum and Article of Associations, declaration, affidavits etc. At least Seven persons are required for incorporation of public limited company.

Step 5: Certificate of Incorporation

ROC then scrutinizes the incorporation form and documents, if ROC finds the documents are in order, issues Certificate of Incorporation which is the Registration certificate of public limited company. After receiving the certificate of Incorporation, the public limited company is set to start its function.

Step 6: PAN & TAN of the Company

PAN and TAN are simultaneously applied along with company registration forms and are issued along with Certificate of Incorporation and also mentions into Certificate of Incorporation.

Step 7: Opening of Bank Account

On compliance of Certificate of Incorporation & other essential documents, bank open a current account in name of company, required for smooth running of the company.

Benefits

A Public limited company enjoys unlimited source for the borrowing of funds. The public limited company can issue debentures, equity and can also accept deposits from the public. Financial institution even prefers to render financial assistance to large public limited company.

Liability of shareholders of the public limited company are limited only up to the shares subscribed by them and should not be personally liable for the debts of the company in case company are unable to pay its liabilities.

Public limited company legal entity are separate than its shareholders/promoters.

Public Limited Companies can easily list there share on stock exchanges across India. Which is not possible in other form of business.

Get a free consultation for Public Limited Company registration by scheduling an appointment with Legal Time.

Why Choose us

1. STARTUP’S FIRST CHOICE

We ensure startups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery startups prefer us to do Company registration.

2. TECHNOLOGY DRIVEN PLATFORM

100% Technology driven platform to speed up your company registration process and make your life easy

3. BEST PRICING

We understand the value of money for startups. We offer complete transparency and affordable cost to startups.

4. 100% ONLINE SERVICE

Fully online service so that you can start and complete the process without running around from the comfort of your home or office.

5. EXPERT PROFESSIONALS

At Legal Time, we work only with experienced Chartered Accountants & Company Secretaries to handle your company registration.

Requirements

Minimum three directors
Minimum Seven shareholders
At least one director should be Resident
No Capital Requirement

Documents Required

PAN CARD

Pan Card of Shareholders & Directors

Foreign Directors must provide a valid Passport notarized or apostilled

PHOTOGRAPH

Latest Passport size photograph of Shareholders & Directors.

IDENTITY PROOF

Aadhar Card/ Voter ID/Passport/ Driving Licence of Shareholders & Directors.

ADDRESS PROOF

Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Shareholders and Directors.

FOR REGISTERED OFFICE

Rent agreement

Utility bills-telephone, electricity, and municipal (Not older than 2 Months)

NOC From Owner.

Post Company Registration Requirements?

Once the Company registration is completed, you have to take the necessary steps in order to make a strong presence in the industry.

Mandatory Compliances

  • Commencement of Business: File a declaration in Form INC-20A to obtain the Certificate of Commencement of Business.
  • Intimation of Registered Office Address: Intimation of Registered Office Address to R.O.C within 30 days of incorporation by filing a Form INC -22.
  • First Auditor Appointment: Appointment of First Auditor Within 30 days of incorporation.
  • Share Certificates: The Share Certificate to the subscribers of the MOA needs to be issued within 60 days of incorporation.

GST Registration

GST (Goods and Service Tax) registration is required for Business with annual turnover exceeds Rs. 40 Lakhs (Rs 20 Lakhs for Northeast states).GST registration is mandatory for particular businesses like Export-Import, E-commerce, and Market Place Aggregator.

Trademark/Patent Registration

Trademark and Patent gives protection from infringement and duplication. With this, competitors cannot affect your brand and market value. The logo provides protection under the Trade Marks Act 1999.

Get a free consultation for Public Limited Company registration by scheduling an appointment with Legal Time.

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