Public Limited Company Registration
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A public limited company is a voluntary association of members which is incorporated and, therefore has a separate legal existence and the liability of whose members is limited. The company must have a minimum of seven members but there is no limit as regards the maximum number. Advantages of a public limited company would include; profits are bestowed upon the company’s shareholders, there are improved national insurance benefits, easy to transfer interest in business through ownership of shares.
MINIMUM REQUIREMENT
- Minimum 7 Persons
- The Director and Shareholders can be same.
- Minimum share capital should be Rs 5,00,000 /- [INR Five Lac]
- DSC [DIGITAL SIGNATURE CERTIFICATE]
- DIN [DIRECTOR IDENTIFICATION NUMBER]
- Require Documents Address & ID proof of all Directors,
- Mandatory – PAN Card
- ID Proof – Voters Identity Card / Driving License / Passport / Aadhar Card
- Address Proof – Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill
- Address Proof of registered office – Address proof of proposed registered office for registration of company.
REGISTRATION PROCESS
- Initial level discussion between the Promoters and FirstMan team.
- Ascertaining documents required and availability.
- Preparation and signing of documents.
- Getting DSC [DIGITAL SIGNATURE CERTIFICATE] for all Directors.
- Getting DIN [DIRECTOR IDENTIFICATION NUMBER] for all Directors.
- Name availability and draft Object Clause.
- Online search of availability of names as desired by the directors.
- Prepare the draft Object Clause.
- Get approval from client for company name and objective.
- Application for Name Availability i.e. Filing Form 1A with the concern ROC.
- Getting Objective Confirmation.
- Incorporation of a company.
- After ROC’s approval of name of the company, filing all the incorporation documents with the ROC.
- Online uploading of e-forms and payment of registration fees.
- Receiving Company Incorporation Certificate from the ROC.
- Commencement of Business.
- Upon bringing capital into company, provide proof of subscribed capital paid by the company.
- Online uploading of e-form.
- Receiving Commencement Certificate from ROC.
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