New Startup - Public Limited Company

"Public Limited Company"

Features of Public Limited Company

• Separate Legal Entity:  It is completely separate entity from its shareholders and promoters

• Perpetual Existence: Company continues even if after death of the owners of the company

• Limited Liability of shareholders

• Capital funding: Unlimited financial exposure to source capital from public as equity/debenture/deposits

• More in transparent and brand image compared to other business structure.

• Listing of shares in stock market

• Tax benefits

• Easy funding from financial institutions

• Easy process for share transfers

Annual compliances of Public Limited Company

• It is must to conduct board meetings quarterly and Members Meeting Annually.  

• Annual accounts audit by CA mandatory

• Annual returns with Ministry of corporate affairs (MCA)

• Income tax annual returns

Document requirements for Incorporation.

• Minimum 3 Directors and Minimum 7 Shareholders

• The minimum authorised capital required to incorporate is Rs 5,00,000

• PAN Card and Aadhar card of Proposed Directors

• At least 4 Proposed Names

• 2 Passport-sized photographs of Proposed Directors

• Voter ID /Driving License / Passport of Proposed Directors

• Latest Electricity Bill / Telephone Bill / Mobil Bill / Bank statement not more than 2 month old of proposed Directors

• Latest Electricity Bill of proposed Registered office Address

• Rental Agreement/possession letter (NOC from the Owner)

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What we include for along with Registration.

• 3 DIN and 3 DSCs

• Name reservations for company

• Drafting MOA and AOA

• PAN & TAN Application

• Corporate Identification Number (CIN)

• MSME Registration

• Share Certificates

• Support & felicitation for opening bank account

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How do you approach R2B?

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