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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

2991108

All shareholders Aadhar card and Pan card

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All shareholders Voter ID or Passport or Driving license

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All shareholders latest Passport size photo

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

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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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