Public Limited Company Registration

Public Limited Company Registration in Jaipur at Just ₹ 20,000/- only (Inclusive of all fees)

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Introduction to Public Limited Company Registration

A Public Limited Company presents an avenue for businesses to provide limited liability to their members and owners. This structure is particularly advantageous for those looking to raise funds from the public, adhering to specific regulations. Although regulatory requirements are more rigorous compared to Private Limited Companies, the benefits are substantial.

This entity can be established with seven members and three directors, without imposing any minimum capital requirements. Public Limited Companies prove beneficial when dealing with a larger investor base and the general public. The shares of this entity are freely transferable, aligning with the fundamental features of the Companies Act, 2013, such as Separate Legal Entity and Limited Liability.

At Financial Chartered, our team of experts ensures a seamless and timely company formation process, prioritizing client satisfaction. For queries or assistance regarding Public Limited Company registration and compliance services; please contact our team at 8890077750 or via email at financialchartered.com@gmail.com

Advantages of Public Limited Company Registration

Mode for Preferred Investments

Investors prefer the expansive market reach when considering investments, making Public Limited Companies an attractive option for raising substantial funds through freely transferable shares.

Listing on Stock Exchange

Public Limited Companies can attain registration on stock exchanges, facilitating business diversification, broadening the shareholder base, and increasing market exposure, albeit with heightened risk.

Limited Liability

Members' liability is confined to their invested capital, providing a shield from personal liability. The company maintains a distinct legal entity separate from its members and directors.

Easy to Make Acquisitions

Public Limited Companies, being approachable and offering advantages like liquidity, become appealing to potential investors during mergers and acquisitions, leveraging their greater borrowing capacity.

Minimum Requirements for Registration

Minimum three directors and seven members

At least one Indian resident director

Digital Signatures of subscribers and directors

No minimum capital requirement

Director Identification Number

Documents Required for Public Limited Company Registration

PAN Card of Members and Directors

Passport for Foreign Nationals

Identity Proof (Aadhar, Voter ID, Driving License, Passport)

Address Proof (Utility Bill, Telephone Bill, Mobile Bill, Bank Statement not older than two months)

Latest passport-size photographs of Members and Directors

Proof of Business Address (Owned Property: Copy of Registry and Most Recent Government Electricity or Water Bill

Rented/Leased Property: Rent Agreement, Owner's Nomination Certificate, and Most Recent Government Electricity or Water Bill)

Note: In the case of NRI or Foreign Nationals, documents of Directors and Subscribers must be notarized or apostilled.

Incorporation Process for Public Limited Companies in Jaipur

Embarking on the journey of establishing a Public Limited Company involves a series of meticulously planned steps to ensure a smooth and compliant process:

Initiate with the Application Form

 Begin the process by filling out a straightforward questionnaire thoughtfully prepared by our expert team. Your input here will set the foundation for the subsequent steps.

Document Processing

Following the completion of the questionnaire, we’ll guide you through the document submission process. Aligning with your responses, we will gather the necessary documents to meet the requirements and initiate processing.

Application for Digital Signature Certificate (DSC)

If you haven’t obtained a Digital Signature Certificate (DSC) already, our team will assist in preparing one. This E-signature is a vital component of the process and typically takes 1-2 days to complete.

Name Availability Check

Ensuring a unique and distinctive name is crucial. Our team will conduct a thorough check for name availability, ensuring it stands apart from any other registered entities. This step typically takes 1-2 days.

E-filing for Company Incorporation

Once the unique name is approved, we move forward with the online application through the SPICE+ portal. This involves submitting all requisite documents obtained from you along with the Memorandum of Association (MOA) and Articles of Association (AOA). The online filing process usually takes 2-3 days.

Receipt of Certificate of Incorporation

Upon successful completion of the incorporation process, we promptly share essential documents, including the Certificate of Incorporation, MOA, AOA, and Digital Signatures. This signifies the official establishment of your Public Limited Company.

Our commitment at Financial Chartered is to guide you seamlessly through each step, ensuring timely delivery and the highest customer satisfaction. For further inquiries or assistance regarding Public Limited Company registration and compliance services, please contact our team at 8890077750 or via email at financialchartered@gmail.com

FAQs on Public Limited Company Registration in Jaipur

Minimum Requirements for Formation:

Q: How many people are required to form a Public Limited Company?

A Public Limited Company necessitates a minimum of three Directors and seven Members, all in agreement to subscribe to the company's shares.

Involvement of Foreign Nationals or NRIs:

Q: Can a Foreign National or NRI be a Director of a Company?

Absolutely, a Foreign National or Non-Resident Indian (NRI) can hold a Director position in a Public Limited Company.

Timeframe for Deposit of Share Funds:

Q: What is the maximum time period to deposit the money for shares agreed to be subscribed by the First Members of the Company?

The funds for shares agreed upon by the First Members should be deposited within a reasonable timeframe, typically as specified in the Articles of Association.

Appointment of Auditor:

Q: Is it mandatory to have an Auditor, and if yes, in what time period is it required to be appointed?

Yes, an Auditor is mandatory. The appointment should be completed within 30 days from t

Post-Incorporation Compliance:

Q: What are the post-compliance requirements after company incorporation?

Post incorporation, the company must comply with various requirements, including the appointment of a statutory auditor, filing commencement of business, income tax filing, annual returns with ROC, and other statutory obligations.

 

Registered Office at Residential Place:

Q: Can I provide the residential place for the registered office of the company?

Certainly, the registered office of the company can be at a residential place.

Share Transfer Process:

 Q: How to transfer the shares in a public company?

Shares in a public company can be transferred by executing a proper share transfer deed and submitting it to the company along with the share certificate.

Dual Role of Director and Shareholder:

 Q: Can a Director or Shareholder be the same person?

Yes, a Director can also be a shareholder, and vice versa, as a company is considered a separate legal entity.

Minimum Capital Requirement:

Q: What is the minimum capital requirement to form a Public Limited Company?

There is no minimum capital requirement for forming a Public Limited Company.

Withdrawal of Subscription Money:

Q: Can the money deposited in the bank account as subscription money be withdrawn?

Subscription money deposited in the bank account cannot be withdrawn until the necessary filings and compliance procedures are completed.

PAN Card Necessity:

Q: Whether it is necessary to have a PAN Card?

Yes, having a PAN Card is mandatory for the company and its directors.

Company Registration Certificate:

Q: What is the Company Registration Certificate?

The Company Registration Certificate is a legal document issued by the Registrar of Companies (ROC) confirming the company's existence and registration.

Multiple Businesses Under One Name:

Q: Can a Public Company carry multiple businesses under one name?

Yes, a Public Company can conduct multiple businesses under one name, subject to legal and regulatory requirements.

Annual Statutory Compliance:

Q: What are the Annual Statutory Compliance requirements to be complied with by a Public Company?

Annual Statutory Compliance for a Public Company includes filing annual returns, financial statements, and other requisite documents with the ROC, conducting an annual general meeting (AGM), and adhering to the Companies Act and other applicable laws.

For additional details or assistance, please contact Financial Chartered at 8890077750 or admin@financialchartered.com@gmail.com.Top of Form