Connect With Us

Public Limited Company Registration

We Corpstore Business Solutions is one of the prestigious company offering public limited company registration in Madurai and Karur. We first understand our client’s requirements and provide guidance according to it. A Public Limited Company is a creation of law and it can be incorporated as per the law and provisions contained in the Companies act 2013. Any seven-person can start a Public Limited Company with no limitations to the number of shareholders in the company.

This form of business is majorly suitable for large scale of business where the capital requirement is very high and the company is willing to obtain money from the public at large. We extend our support at the initial consultation to draft the objects and name selection for the company, to file the necessary application for incorporation and regular follow-up with the ROC until the certificate of incorporation is issued.

Documents for Public limited company:

Documentation of the Company & Promoters
  • Copy of PAN – Mandatory
  • Copy of Aadhaar Card / Driving license / Voter ID / Passport – Anyone.
  • Copy of Bank statement / Telephone bill / Mobile bill / Electricity Bill – Anyone should be latest of two months.
  • Copy of Passport size photo
Documentation for the Company Registered Address
  • Proof of Registered Office
  • Utility Bill as proof must be Latest
  • NOC from the owner of premises

Public Company Registration Process

Digital signature of director

The application for Company Incorporation is filed through online, the process starts with the issuance of Digital Signatures of class two.

Name approval of company

The Company name should be unique and not be same or similar to an existing company, LLP or a trademark.

Filling for incorporation

One single application (spice 32) is filed for the company incorporation. With the approval of this, the Certificate is issued.

PAN, TAN & BANK Account

The IT Department allots PAN and TAN, which is mentioned on the certificate of incorporation. The Bank A/c opening is mandatory.

Requirements to Register Public Limited

Minimum Seven Persons

A public limited company can be registered in India with at least seven persons, who act as the shareholders of the company. There is no limit on the number of shareholders and the minimum director required is 3 which can’t exceed 15 directors.

Resident Director

One of the director must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship.

Capital Requirement

There is no minimum capital requirement to incorporate a company. However, the government fee for company registration is calculated on the capital.

Unique Name of Company

The proposed name of the company should not resemble to any existing company or LLP. Further you should check the trademark registry to ensure that the name does not match with any registered or trademarks applied in India.

FAQ'S

  • Q. What are the primary Requirements for starting a Public Limited Company in India?
    For setting up a public limited company in India, minimum of Seven Shareholders and Three Directors are required. The directors can also be shareholders. The requirement of the minimum paid-up share capital worth INR 5 Lac, has been removed by the Companies (Amendment) Act, 2015.
  • Q. Can an NRI or Foreign National be a director in Public Limited Company?
    Yes, an NRI or Foreign National can also be a shareholder or director in a public limited company of India. For becoming a director, the person must possess the DIN issued by MCA.
  • Q. Do I have to present in person to incorporate a public limited company?
    No, it is not necessary because all the documents can be scanned and sent through email to our office.
  • Q. What are the legal compliances required for a limited company?
    A limited company must conduct a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Limited Company, at least once every year.
  • Q. Can a public limited company be converted into an OPC or private limited company?
    Yes, it is possible to convert a public limited company into OPC or private limited company.