Public Limited Company

PUBLIC LIMITED COMPANY

A Public Limited Company is a company where public invitation can be given for subscribing the shares of the company and hence such shares are freely transferable in the market. Such shares can also be listed on stock exchanges for trading. It is most suitable form of company if funds are to be raised from public at large.

Key Points

Digital Signature Certificates of shareholders/directors
Minimum 7 shareholders and 3 directors are required
Liability is limited to the extent of amount unpaid on the shares held
No minimum capital requirement
No financial privacy, if public is involved

Requirements

- Distinctive name of the proposed company (at least 2 names for reservation)
- Summary of the objects of the company
- Total amount of authorized and subscribed share capital
- Director Identification Number (DIN) of proposed directors, if any
- Communication details of directors and subscribers-
• Mobile Number;
• Email-Id
- Proposed Bank Name
- Amount and number of shares subscribed by each shareholder

Details of tax saving investment/expenditure
Details of capital gains, if any
Details of investments in unlisted shares, if any
Salary slips, wherever applicable

Requisite Documents

Document supporting proposed name of the company, if any-

• NOC of Trademark or;

• Authorized letter of concerned entity

Proof of Identity and Residence (of subscribers and directors) (whatever is applicable)

• PAN Card;

• Passport or;

• Voter Id Card or;

• Driving License or;

• Utility Bills or;

• Aadhar Card

Passport size photograph of proposed directors
If subscriber is a body corporate-

• CIN/Registration Number;

• Board Resolution/Authorization Letter;

• PAN of the entity

Proof of Office Address

• Title Deeds; or

• Lease/ Rent Agreement and rent receipt; and

• Copy of any utility bill not older than 2 months

NOC from owner/landlord of office premises

Notes

Identity documents should be Self Attested.
We also provide making and renewal of DSC services.
Further, details and documents, if any required, can be called for during the process.
If no DIN, application shall be made for it.

Other requisite documents shall be drafted and finalized by our team for the process and will be requested for signing.
We also provide Annual Filings of Public Company as a separate service.
We also provide services of Filing Income Tax Return and other related services for the company.

Time Duration

After receipt of all documents and information and subject to the MCA (CRC or ROC) response, approx. 3-7 days is taken for incorporation of such company.