Public Limited Company

Public Limited Company

Public Limited Company

Public limited companies are the companies that offer shares to the public. PLC is a separate body by the voluntary of members, which also have a legal existence. Public limited is a group of members who has their own liability and existence. its functionality is followed by government rules and policies. All PLC is registered under the ACT, 2013 .its contains all the provisions.


There are categories of Public Limited Company:-
  1. Maharatna
  2. Navratna
  3. Miniratna

What is Public Limited Registration?

Registration is a process to register a company as a public limited whose shares are traded in the market. as a public limited is registered with a group of members so it has an advantage that private limited, also members have less liability and ease in transfer of shares and more transparency, and a strong base in the market. A PLC has given less liability to its owner and core management. As PLC based on shares, this is the key point to raise capital. PLC has a minimum of three directors, that are mandatory to register as a Public Limited.


Advantages to register as a Public Limited:-

  • Any numbers of members
  • Ease in the transfer of shareholding
  • More transparency
  • Identity mark of public limited
  • Formation, Management
  • Limits the liability to its partners
  • Good Image and credibility in the market

Essential Point For Public Limited Company:-

Minimum Three (3) Directors and Seven (7) shareholders required to register a Public Limited Company.

As per the latest amendment, the cap for paid-up capital has been removed, but the capital fee has to be paid for Authorized capital and it should be Rs. 5,00,000/- and not less than that.

Just open a bank account on company name and run your business.


 
Documents Required For Nidhi Company (All Soft Copy):-
  1. One Passport size photograph of All Directors.
  2. Self-Attested PAN card copy of All the Directors.
  3. Self- Attested Proof of Identity (Like-Voter ID, Passport, Driving License, Aadhar Card) any one of All the Directors.
  4. Business address proof (Any One of Electricity Bill, Telephone Bill, Property, Gas Bill, Tax Bill).
  5. If Rented Business (Rent Agreement Copy) or if own (sell deed)
  6. Company Name
  7. Company Service or object or product Name

Procedure Required for Registration Completion:-

  • Complete Form

You are required to fill in details in our online questionnaire and submit documents.

Time: 1-2 working days

  • Obtain DSC and DIN. From us

After submitting your documents we will provide you with DSC and DIN.

Time: 1 working days

  • Verification and Name Approval

Details provided by you will be verified and we will apply for name approval.

Time: 2 working days

  • Document Submission

We will create all the required documents and file them with ROC on your behalf.

Time: 4 working days

  • Completion of Registration

As the registration complete after all the procedure, we send you the documents

Time: 1-2 day

1. Requirement to Register as a Public Limited ?

Minimum Three (3) Directors and Seven (7) shareholders required to register a Public Limited Company.

2. Minimum Company To register as a Public Limited ?

As per the latest amendment the cap for paid-up capital has been removed, but capital fee has to be paid for Authorized capital and it should be Rs. 5,00,000/- and not less than that.

3. Is their any need to show the entire amount as a capital in a Company Bank Account ?

Worry not; there is no need to show the authorized capital amount in your company bank account. Just open a bank account on company name and run your business.

4. Time Required to complete a Registration Process ?

wXpert4u can complete the entire registration process within 15-20 days, if all the documents are provided in order, in the manner as we wanted. If delay is from your part in providing us the documents or delay in payment may also reflect in delay of incorporation.

5. Is their any specification to appoint as a nominee ?

Nominee should be any Resident of India. The term “resident in India” means a person who has stayed in India for a period of not less than 182 days during the immediately preceding one calendar year.

WHAT CAN WE DO FOR YOU?

We would be happy to discuss the project with you in person