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.
The application for Company Incorporation is filed through online, the process starts with the issuance of Digital Signatures of class two.
The Company name should be unique and not be same or similar to an existing company, LLP or a trademark.
One single application (spice 32) is filed for the company incorporation. With the approval of this, the Certificate is issued.
The IT Department allots PAN and TAN, which is mentioned on the certificate of incorporation. The Bank A/c opening is mandatory.
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.
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.
There is no minimum capital requirement to incorporate a company. However, the government fee for company registration is calculated on the capital.
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.