Public Limited Company
What Is
“A public company is a company that has provided securities through an initial public offering (IPO) and is traded on at least one stock exchange or in over-the-counter markets. Although a small percentage of shares may be initially floated to the public, becoming a public company allows the market to determine the value of the entire company through daily trading.”
Advantages
- Shares of Public Limited Company are freely transferable and no need to take anyone’s consent for such transfer.
The liability is limited to the face value of shares the shareholders own.
Shareholders do not have the right to participate in the day-to-day management of the business.
Deliverables
- Digital Signature certificate (DSC) for any of the two directors.
- DIN for 2 directors.
- Reservation of name over MCA portal.
- Preparation of MOA & AOA of the company.
- Application with the MCA for formation of company.
- PAN & TAN of the company.
Certificate of incorporation of the company
Starting from INR,20,000/-
( inclusive of all taxes )*
Requirement to incorporate a Public limited company
- Minimum capital requirement for Public companies is Rs. 5,00,000/-.
- A Minimum number of shareholders required is 7.
- Must have a minimum number of at least 3 directors: - The directors must be over 18 years of age and must be natural people. There are no limitations in terms of citizenship or residency.
Documents required for One person company
- PAN card of the company
- Registration Certificate of the company
- Memorandum of Association (MOA) /Articles of Association (AOA)
- PAN card, photograph, and aadhar card are required for all Directors
- Bank details- a copy of the cancelled cheque or bank statement
- Address proof of Principal place of business and all places of business:-
- Propriter office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt
- Rented office – Rent agreement and No objection certificate from the owner
- Proof of appointment of authorized signatory- letter of authority
▪ Documents required for HUF
- PAN card of HUF
- Photograph, Pan Card, and adhar card of Karta
- Address proof of Principal place of business and all places of business:
- Propriter office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt
- Rented office – Rent agreement and No objection certificate from the owner.
- Bank information- a copy of the cancelled cheque or bank statement
