Public Limited Company

Free agreement drafting
DSC (2 directors)
DIN (2 directors)
MOA (INC 33)
AOA (INC 34)
Certificate of Incorporation
Company PAN Card and
Company TAN letter

About Public limited company:-

Limited companies are very different from partnerships and sole proprietorship. In these latter business types owners are the business, In contrast, limited companies are owned by shareholders and Run by directors. A Public Limited Company under Company Act 2013 is a company that has limited liability and offers shares to the general public. It’s stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market.

Number of Members:-

For Public Limited Company Registration, the company must have minimum 3 Directors, 7 Shareholders and Maximum 50 Directors and need Rs 5 Lakhs of Paid up Capital.

Pros:-
1. You still have a limited liability in case something bad happens
2. You receive the opportunity to raise the capital that you need
3. Gives you company credibility
4. It gives a business more resale value
5. Your stock can be used to facilitate the purchase of future acquisitions
6. It allows for diversification

Cons:-
1. It will be bit difficult to get set up
2. You will need to share your profits
3. You have less overall control of the company
4. There will be more expenses
5. You will experience double taxation at times

Documents required for Directors & Shareholders:

PAN Card
ID Proof – Voters Id / Passport / Driving License (Aadhar card shall not
accepted)
Address Proof – Latest Bank statement with transactions / Telephone bill / Mobile Bill with address mentioned (latest one or 2 months)
Passport Size Photograph
Other Information (sample attached)
Specimen Signature (sample attached). ( SHOULD BE SIGNED IN DARK INK PEN)

A detailed registration process:

Step 1: Application for DSC (Digital Signature Certificate).
Step 2: Apply for the DIN (Director Identification Number)
Step 3: Application for the name availability.
Step 4: Filing of the E-Moa and E-AOA to register private limited company
Step 5: Apply for the PAN and TAN of the company
Step 6: Issued certificate of incorporation by RoC with PAN and TAN
Step 7: Opening a current bank account on company name