Public Limited Company Registration
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Procedure for Public Limited Company Registration
Complete the Public Limited Company Application Form
Provide us Pertinent Documents
Make an Online Payment
Our executive will manage the application process for Public Limited Company Registration
We will mail you a Certificate of Public Limited Company Registration
What is a Public Limited Company?
Public limited company are businesses whose stock is traded on the stock exchange or that offer fixed deposits. A public limited company has all the benefits of a private limited company, including the ability to accept any type of membership, the simplicity of share transfers, and a high degree of openness.
Getting assistance from a public limited company registration advisor is essential for anyone wanting to register a public limited company. To register a public limited company, call FinBiz.
Documents Required For Partnership Registration
- Copy of PAN Card of directors
- Passport size photograph of directors
- Aadhaar Card/ Voter identity card
- Rent agreement (If rented property)
- Electricity/ Water bill (Business Place)
- Property papers (If owned property)
- Landlord NOC (Format will be provided)
Public Limited Companies Registration Process
1. Apply for DIN and DSC
The applicant must apply for a Director Identification Number (DIN) and a Digital Signature Certificate (DSC).
2. Verification of Company Name
The company name is checked and verified in this step to ensure that it complies with the Ministry of Corporate Affairs' (MCA) requirement.
3. Filling out the Form
The applicant would file the application form to obtain the certificate of incorporation once the name of the public limited company had been approved by the appropriate authorities.
4. Document Submission
After completing the aforementioned steps, the applicant must submit all necessary paperwork to the MCA.
5. Company Incorporation
The Registrar of Companies will issue the public limited company's certificate of incorporation after confirming the procedure.
6. Opening a Bank Account
The final step entails opening a bank account in the name of the public limited company to handle day-to-day business on the organization's behalf.
Advantages of a Public Limited Company
Shares are easily transferable
According to the Indian Contract Act of 1872, shares are legal instruments that can be freely transferred with the bare minimum of formalities.
Increased Borrowing Capacity
Banks and other financial institutions respect public company when they borrow money from them, which would increase the company's visibility.
Separate Legal Entity
The directors and shareholders of a public limited business benefit from the separate legal entity idea which indicates that the director’s and member’s liability is strictly capped at a certain sum.
Shares can be listed in the Stock Exchange
Shares of a public Company can be listed on a stock exchange. Yet, the public Company must adhere to compliance when listing its shares on a stock exchange.