Public Limited Company Registration

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Overview of Public Limited Company Registration

  • Public limited company is the most popular corporate entity in India.
  • A public limited company is a type of privately held small business entity. This type of business entity limits owner liability to their shares, limits.
  • Public limited company is incorporated under the Companies Act of 2013, and governed by the Ministry of Corporate Affairs (MCA).
  • To incorporate a public limited company a minimum of three directors and seven shareholders are required over the age of 18 years with atleast one person being an Indian citizen and resident.
  • A minimum of seven shareholders and a maximum of unlimited shareholders are allowed in a public limited company.
  • The shareholders of a company do not participate in the day-to-day activities of a company. The power of decisions is taken at the Board level by the majority rule.

Documents Needed

All shareholders Aadhar card and Pan card

All shareholders Voter ID or Passport or Driving license

All shareholders latest Passport size photo

Latest company located rental or lease agreement and eb bill (For rental place), or Eb bill and property tax receipt (For own place)

All shareholders latest 1 month Bank Statement

Benefits of Public Limited Company registration

  • Easily Setup and recommend to Growing Start-up’s.
  • Easily raise funds from banks, financial institutions and investors.
  • Easy to go expand your business globally.
  • Shares of a company limited by shares are transferable by a shareholder to any other person.
  • A public limited company is considered to be a separate legal entity. It has its own identity and very much recognized as a separate company under the law.
  • Shareholder enjoys limited liability to the extent of capital invested. Shareholder’s personal assets protected in the event of the company’s insolvency.
  • Public limited companies are listed their company on the stock exchange where it’s share/stocks are traded publicly.

Different types of Company Business Structures

Proprietorship Firm
Number of members/Shareholders
Only 1
Number of Directors/Partners
-
Act
No specified Act
Registration
MSME/Udyam, GST, FSSAI, Shop and Establishment Act License, Trade License
Liability Protection
No
Capital Amount
Not specific amount
Foreigners
Not Allowed
Ownership Transferability
Not Allowed
Incometax Filing Forms
ITR-3 or ITR-4
Compliance
Less
Partnership Firm
Number of members/Shareholders
2-50
Number of Directors/Partners
2-50
Act
Indian Partnership Act, 1932
Registration
Get the Notarized sign or registered in Sub-Registered office
Liability Protection
No
Capital Amount
Not specific amount
Foreigners
Not Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-5
Compliance
Less
Limited Liability Partnership (LLP)
Number of members/Shareholders
2-Unlimited
Number of Directors/Partners
2-Unlimited
Act
Limited Liability Partnership Act, 2008
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 1 lakh
Foreigners
Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-5
Compliance
Moderate
One Person Company (OPC)
Number of members/Shareholders
Only 1
Number of Directors/Partners
Only 1
Act
Companies Act, 2013
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 1 lakh
Foreigners
Not Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-6
Compliance
Moderate
Private Limited Company
Number of members/Shareholders
2-200
Number of Directors/Partners
2-15
Act
Companies Act, 2013
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 1 lakh
Foreigners
Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-6
Compliance
High
Public Limited Company
Number of members/Shareholders
7-unlimited
Number of Directors/Partners
3-15
Act
Companies Act, 2013
Registration
Register under MCA
Liability Protection
Yes
Capital Amount
Minimum 5 lakh
Foreigners
Allowed
Ownership Transferability
Allowed
Incometax Filing Forms
ITR-6
Compliance
High

*Amount maybe increase or decrease depends upon number of directors, particular state stamp duty fees, govt fees, gst invoice bills and yearly transaction amount.

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