Public Limited Company

Get Started – From Rs. 38,000/- (incl. Govt. Fees)

*Prices are higher in Madhya Pradesh, Kerala and Punjab

Public limited company is the standard legal designation of a company which has offered shares to the general public and has limited liability. A minimum of seven members are required to form a public limited company and there is no cap on the maximum number of members. It must have minimum paid–up capital of Rs. 5 lakhs. There is no restriction on maximum number of members. The shares allotted to the members are freely transferable. These companies can raise funds from general public through open invitations by selling its shares or accepting fixed deposits.Public companies are strictly regulated, and are by law to publish their complete and true financial position so that investors can determine the true of its stock (shares). A Public limited company have all the advantages of Private Limited Companies and the ability to have any number of members, ease in transfer  of shareholding and more transparency.

Startup Process Time:

AuditNeeds can incorporate a Public Limited Company in any part of India in 14 to 20 working days, subject to ROC processing time and timely submission of relevant documents by the Client.

Inclusion:

• DIN.
• Digital Signature.
• Name Approval
• Drafting of MoA & AoA.
• Preparation of other documents and declarations required for incorporation.
• ROC and Government registration fees for DIN, DSC and Incorporation.
• Government Stamp duty fees.

Minimum Requirement for Public Limited Registration:

• Minimum 7 Shareholders
• Minimum 3 Directors
• Minimum Rs. 5 Lakh Share Capital

Documents Required for Public Limited Registration:

For Indian Nationals:

• Copy of PAN card of all directors and shareholders.
• Copy of Voter’s ID / Passport / Driver’s License / Aadhar Card of all directors and shareholders. (Any 2)
• Passport sized photograph of all directors and shareholders.
• Copy of latest bank statement / telephone or mobile bill / electricity bill in the name of all directors and shareholders (Should not be older than 40 days).
• Copy of Rental agreement of office address. (Format will be provided by us)
• Copy of latest electricity bill and tax receipt in the name of landlord of office address.

For Foreign Nationals:

• Passport
• Address Proof like Driving license, etc
• Photo ID proof (Any government license or document containing Name in full, Photo and Date of Birth).

Note: The above documents needs to be notarized / certified by the Indian Embassy / Consulate of the particular country

Advantages of Public Limited Company:

• Separate Legal Entity.
• Limited Liability.
• Continuous Existence.
• Better Borrowing Capacity.
• Quick and Easy Transferability of Shares.
• Listing of shares on Stock Exchange, if required.
• Capacity to sue and be sued.

Choose the Best Entity: