Public Limited Company

14999 (All Inclusive, may vary as per State)*

Service Fees Includes for

Free Professional Consultation

Authorised Share Capital up to Rs. 10,00,000/-

DIN of 3 Directors and DSC of 7 resident persons & onetime RUN form (apply 2 Names- 2 Times)

Excluding addition of Rs. 1,000 for every increase in director or shareholder

Quick and Fully Online Process

Information check by Qualified professional

Best & Quick future support

Best compliance fees in our ‘All in one’ package

Not includes- additional stamp duty payable in case of selected states (Gujarat, Kerala, MP, Punjab, Rajasthan)

FACTS & INFO

  • 1
    Filing of RUN for reserving name of company

    RUN stand for Reserve Unique Name, two different company name can be filed two times by this form and name can be reserved for maximum 20 days.

  • 2
    Application for Digital Signatures- DSC

    Digital Signatures have to be used to sign company formation application digitally and required for each unique director and shareholder.

  • 3
    Preparation of necessary legal attachments

    These documents includes some ID, Address and Other docs as per Companies Act 2013.

  • 4
    Submission of Company Incorporation through 'SPICE+' with MCA

    SPICE stands for simplified proforma to incorporate company electronically. This integrated form includes all details related to proposed company.

  • 5
    Issuance of Certificate of Incorporation with PAN-TAN

    Certificate of incorporation is a final document of proof that company has been registered. This contains a CIN, PAN & TAN of new company.

  • 6
    Opening of bank A/c & Filing of Form 20A

    Opening of bank a/c to deposit share capital by shareholders and after that filing of mandatory form INC-20A (commencement of buisness) within 6months of INC.

Documents required to register a Public Limited Company

For Owner/Individual/Director/Partner

Photograph of Director & Shareholder

PAN of Director & Shareholder

ID Proof- Aadhar and Votor ID/Passport/Driving License

Address Proof- Telephone-Mobile Bill /Electricity Bill/ Bank Account Statement/PNG Gas Bill (not older than 2 months)

For Organization/Buisness/Entity/Compliance

Lease Agreement or NOC from owner

Any Utility Bill for business address like Electricity, Telephone, Gas or Water

Final Deliverables

Director identification Number (DIN) of all the Directors and DSC of all shareholders

Certificate of Incorporation of the Company

Memorandum of Association (MoA) & Articles of Association (AoA) of company

PAN & TAN of the Company

Bank Account Assistance

EPF-ESIC (Labour Identification Number) & GST Registration as per Govt.

Explore Frequently Asked Questions - Public Limited Company

Q. What is a Public Limited Company?

Ans. The Public Limited Company is a wider form of business as comparison to private limited company, which has no restriction on the maximum number of shareholders and accepting public deposits. However, a public limited company has much more compliance requirements, as compared to a private limited company. As the name suggest, public company can go to public to raise funds.

Q. What are the Primary Requirements for setting up a Public Limited Company in India?

Ans. Following are the primary requirements to register a public limited company:

  • Minimum Seven Shareholders.
  • Minimum Three Directors (directors can also be the shareholders).
  • No Minimum Capital Requirement (We have included Rs 10 lacs authorised capital)
  • ID & Address proof of individuals with Address proof of registered office
  • One resident director

Q. What are the Advantages of Registering a Public Limited Company over Private Limited Company?

Ans. A public limited company have the following extra benefits over private limited company:

  • Can go to public to raise funds.
  • Can list its shares in the stock market.
  • It is legally authorized to trade on stock exchanges.
  • No Limit of the maximum number of shareholders and shold have minimum 7 shareholders.
  • Shareholders do not have to take part in the day-to-day management of the business of the company.
  • Shares can be transfer freely without needing consent of someone.
  • Have greater borrowing power
  • Hace great growth and expansion opportunities

Q. Is a foreign national/NRI allowed to be a Director or shareholder of the public limited company?

Ans. Yes, as per companies act 2013, any foreigner, entity or an NRI can become a director or shareholder of a public limited company in India provided there must be a resident director in the company. Foreign national must have to get issued valid Director Identification Number (DIN and DSC) to get appoint as a director in Indian company.

Q. What is the minimum time required to register a public limited company?

Ans. Around 3 to 7 working days subject to govt approvals and providing all documents on time.

Q. What is the significance of the registered office address of the company, can it be my residential address?

Ans. The registered office is generally used for the purpose of holding meetings and receiving statutory correspondence from registrar.  It also specifies the state of jurisdiction of the registered office and general public can see it online easily. Yes, you can also choose your residential address as registered office address and can choose a another adress for corporate office for doing buisness.

Q. Whether Provident fund & GST will get automatically applicable to Public Limited?

Ans. No. There is no automatic applicability of Provident Fund (PF) & GST law., these are both applicable as per critaria given in these law. For example if you are a service providing company then GST will be applicable if your sales/turnover crosses above Rs. 20 Lacs.

Q. Whether forming of a public limited company is suitable for every level of business?

Ans. We will professionally suggest that if you have a large level of business or expecting a large growth then can proceed to get register a public limited company because a public limited company have more compliances then a private lited company. Or you can get register a private limited company easily.

Q. Can we change the Registered Office address of the Company?

Ans. Yes, we can easily change the registered office of the company within the same city or same state limit but if you want to change company’s registered office in other state then It will be a lengthy and costly process. So choose registered office address carefully while getting register a company.

Q. What are the forms that are required for Public Limited Company Registration in India?

Ans. Now a days, with initiative of ease of doing business by Government of India, a public company can be registered by single web linked form 'Spice+' within 2-7 working days of providing all documents.

Q. How much share capital is required for a Public Limited Company Registration in India?

Ans. There is NO minimum capital prescribed in companies act 2013, but we will suggest an initial paid up share capital (capital which need to be deposited) of Rs 1 Lacs to start a company because without investing some funds, a business is not possible. We are providing registration with authorised share capital (capital up to which paid up share can be issued) of Rs 10 lacs in our given standard price.

Q. Is a Public Limited Company Suitable to receive FDI (Foreign Direct Investment) in India?

Ans. Public limited company can raise funds easily through FDI or any other mode. Public companies have greater flexibility and limited liability. The public limited companies is also a hugely popular form of start-ups, foreign investors can invest direct investment (subject to FDI regulations).

Q. What is the tax structure of public limited company under Income Tax Act in India?

Ans. There is many relaxation given to domestic public limited company in India in Income Tax Act. Final profit of company generally get taxable @ 25% (surcharge extra) if company's turnover is up to Rs. 250 Crores or else 30%. New relaxed rate of 22% has been introduced by Section 115BAA of income tax act with effect from FY 19-20 by not availing the certain exemptions under income tax act.

Q. Is there any special income tax rate for newly registered manufacturing companies in India?

Ans. Yes, a low income tax rate of 15% (surcharge and cess extra) has been introduced by section 115BAB of income tax act with effect from FY 2019-20 and applicable to companies registered after 1st Oct 2019, also commenced manufacturing on or before 1st Oct 2023.

Q. What is minimum annual compliance for a unlisted public limited company?

Ans. A unlisted public limited company have to get done Statutory Audit every year from a practicing CA and get file annual filing forms namely MGT-7 (annual return) & AOC-4 (financial statement) with ROC and Income tax return (ITR-6) to be filed with income tax department annually. Forms are compulsory to file with ROC/IT Department whether you have any business or not in any year. Other ROC forms may includes DPT-3, MGT-14, DIR-12, DIR KYC, Form 22A. (as per applicability)

Q. Whether standard fees mentioned by filingdigits is all inclusive and what is that includes?

Ans. Yes, fees given is all inclusive fees that include registration with 10 lacs (can go up to 15L) of authorised share capital with 7 persons (3 DIN & 7 DSC) but excludes excess state govt. stamp duty payable in case of selected states of Gujarat, Kerala, MP, Punjab, Rajasthan. This extra amount will charged from customer on actual basis.

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