PUBLIC COMPANY
Public Company means a Company which is held by public in large and is formed in order to raise funds from Public. It must have minimum 7 members and there is no bar on the maximum number of members. Any natural persons or even Companies including Foreign Companies could be shareholders in a Public Company. A minimum of 3 Directors are required to start a Public Company and no requirement of minimum capital is there to establish a Public Company.
BENEFITS
It has more strict provisions as compared to Private Companies but irrespective of the strict compliances, it has certain benefits like its shares are freely transferable which helps to provide more liquidity generate more funds in the Company. Apart from the above stated benefit, there are certain other benefits for incorporating the same which are as follows:
- High Prestige as compared to Private Company
- Easy to raise more funds as compared to Private Company
- Increase Public awareness
- More transparency
- Unlimited Existence
- Separate legal Entity
- Limited Liability
Package Inclusion
- Name availability guidance and its approval
- DIN of 3 Directors
- DSC of 1 Director and 7 Subscribers
- COI, MOA and AOA
- PAN and TAN of Company
- GST Registration
- ROC Fees and Stamp Paper Fees
PROCEDURE FOR PUBLIC LIMITED REGISTRATION
- Fill our online form: You have to fill a simple form provided by our team member requiring all the information related to Public Limited registration
- Submission of Documents: You need to submit all the requisite documents for initiating the process of company registration
- Get name approval certificate: You will get Name approval certificate within 2 3 working days from the date of receiving all the requisite documents and information
- Drafting of Documents: Our team member will draft all the documents and get it signed by you via email.
- Submission of Documents: Once documents are signed by you, we will apply your application of company registration on your behalf.
- Approval by respective department: Once the department is satisfied that all the documents are correct and information is true, it will approve your application or may ask for any other information (if required).
- Your Company is incorporated: Once your company is approved by department, we will share you all the documents and proof stating that your company has been registered.
DOCUMENTS AND INFORMATION REQUIRED
The information and documents required for incorporating the Public Company are as follows:
- Name of the Proposed Company along with its business activity in brief.
- Self-Attested copy of PAN Card (only in case of Indian Director and Shareholder).
- Self-Attested copy of Identity Card (Election Card / Passport / Driving Licence / Aadhaar Card) (In case of Foreign Shareholder only Passport will be valid proof of Identity).
- Latest Address Proof (Bank Statement / Mobile Bill / Telephone Bill / Electricity Bill).
- Photo, Email Id and Mobile Number of all the Directors and promoters of the proposed Company.
- Complete address of Registered Office including Latest Electricity Bill for the same and rent agreement if premises are rented.
FREQUENTLY ASKED QUESTIONS (FAQS)
Is there any special requirement to incorporate a public company??
Anyone can incorporate a public company provided that there should be atleast 3 Directors and 7 Subscribers at the time of incorporation.
Who can become Director in a Company??
Any person whose age is over 18 years can become Director in a Company. Also, a person must be a natural person who is proposed to become a Director.
Can a person residing outside become a Director or hold shares in Public Limited?
Yes Foreign nationals can become Director as well as shareholder in Public Limited provided that atleast one Director out of three should be of Indian nation.
Does FEMA guidelines put any restrictions on investment in Indian companies by Foreign nationals??
100% FDI (Foreign Direct Investment) is allowed in Indian Companies by Foreign nationals for which no prior approval is required by RBI provided that there are certain industries for which prior approval is required before investment.
Do I need to be physically present during the registration process of Public Limited??
No, our company provides all the services online without any requirement to visit or meet personally. You can send all the documents via mail, e mode or courier as convenient.
Do I need to appoint full time professional for Public Limited??
No you are not required to appoint full time professional. We provide annual compliance packages for all type of Companies at one place.
Can a person in full time employment become Director in any Company??
Yes a person in full time employment can become non-executive Director in a Company provided that his employment contract should not violate the same.
Do I need to pay any money apart from the money stated above at the time of registration??
No you don’t need to pay more money apart from the amount stated above. For more reference you can also refer inclusion of the package.
What is the minimum amount of capital required for starting a Public Limited??
There is no cap on the minimum amount of capital required to start a Public Limited. You can start a Company with any amount of capital.
Can a registered office be situated at residential address??
A registered office is a place where all the communication related to Company is done. Also, a registered office can be at any place including residential/commercial/industrial.
How long does the Public Limited exist??
The life of Public Limited is unlimited once the certificate of incorporation is issued by respective ROC (Registrar of Companies).
How Epro Express team can help in Public Limited registration?
Our team can help you to register your Public Limited once the required documents and information is submitted by client to Epro Express team.
How much time is required for registering the Public Limited??
A Public Limited is usually registered by ePRO EXPRESS in 12-15 working days subject to ROC processing time.
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