Public Limited Company Registration in delhi.

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Why Should I Use Auriga Accounting For Public Limited Company Registration in delhi?

Auriga Accounting has a team of registration experts who can provide complete guidance to Public Limited Company Registration in delhi.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your Public Limited Company is registered

Why Should I Use Auriga Accounting For Public Limited Company Registration in delhi?

Auriga Accounting has a team of registration experts who can provide complete guidance to Public Limited Company Registration in delhi.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for registration

Complete your registration

Your Public Limited Company is registered

What is a Public Limited Company ?

A public company is a type of company that is owned by its shareholders and has its shares traded on a public stock exchange or over-the-counter market. In other words, a public company is a company whose shares are available for purchase by the public, and anyone can become a shareholder by buying the shares of the company.

Public companies are usually larger and more established than private companies, and they have access to a wider range of capital sources. They have the ability to raise large amounts of capital by selling shares to the public, which enables them to fund their expansion plans, research and development activities, and other initiatives.

Public companies are also subject to more stringent regulatory requirements than private companies. They must comply with various legal and financial reporting requirements, including filing regular reports with the securities exchange commission (SEC) and making their financial statements available to the public. They must also hold annual shareholder meetings and comply with various rules related to corporate governance and transparency.

Overall, the status of being a public company can be beneficial for companies that are looking to grow and expand their operations, but it also comes with greater scrutiny and regulatory obligations.

who is eligible for Public Limited Company Registration in delhi.

According to the Companies Act 2013 of India, the eligibility criteria for incorporating a public company are as follows:

A minimum number of members: A public company must have a minimum of seven members or shareholders to be incorporated.

Directors: A minimum of three directors is required for the incorporation of a public company. At least one of these directors must be a resident of India, meaning they have resided in India for a cumulative period of at least 182 days in the previous calendar year.

Name availability: The proposed name for the public company must be unique and not similar to an existing company or trademark. It should also comply with the naming guidelines provided by the Registrar of Companies (ROC).

Registered Office: The public company must have a registered office in India to which all official communications and notices can be sent.

ADVANTAGES Public Limited Company Registration in delhi.

Limited liability: One of the primary advantages of a public company is limited liability protection. Shareholders are not personally liable for the company’s debts or liabilities. Their liability is limited to the amount they have invested or agreed to contribute towards the company’s share capital.

Access to capital: Public companies have the ability to raise capital by issuing shares to the public through an initial public offering (IPO) or subsequent public offerings. This allows them to attract a larger pool of investors and potentially raise significant funds for expansion, acquisitions, research and development, and other business activities.

Transferability of shares: Public companies offer greater liquidity to shareholders as their shares can be freely traded on stock exchanges. Shareholders have the option to buy or sell their shares, providing them with the ability to exit or diversify their investments.

Credibility and public perception: Public companies often enjoy a higher level of credibility and public trust compared to other types of business entities. The stringent regulatory requirements and reporting obligations of public companies can instill confidence in investors, customers, and stakeholders.

Capacity to enter into contracts: Public companies have the capacity to enter into contracts in their own name, separate from the individual shareholders. This allows for greater flexibility in business dealings, such as negotiating large contracts, securing partnerships, and attracting suppliers and customers.

Professional management: Public companies often attract professional managers and executives who possess expertise and experience in managing large-scale operations. This can contribute to effective corporate governance, strategic decision-making, and operational efficiency.

Corporate governance norms: The Companies Act, 2013 lays down specific corporate governance norms for public companies, including the appointment of independent directors, formation of various committees, regular financial reporting, and transparency requirements. These governance norms promote accountability, transparency, and protection of minority shareholders’ interests.

Minimum Requirement of Public Limited Company Registration in delhi.

A minimum number of three Directors.
One of the Directors of a Public Company must be anIndian Citizen and Indian Resident.
A minimum number of three Shareholders.
No Minimum Paid Up capital is Required.

Documents Required for Public Limited Company Registration in delhi.

Pan card of all person
Aadhar card of all person
Photo of all person
Electricity Bill for the current month
Bank Statement for the current month

PROCESS Public Limited Company Registration in delhi.

Obtain Digital Signature Certificate (DSC): The first step is to obtain a Digital Signature Certificate for all the proposed directors of the company. This certificate is necessary for filing electronic documents with the Registrar of Companies (ROC).

Obtain Director Identification Number (DIN): Each proposed director must obtain a unique Director Identification Number by submitting an application to the Ministry of Corporate Affairs (MCA).

Name Reservation: Choose a unique name for the company and submit an application for name availability to the ROC. The name should comply with the naming guidelines provided by the MCA.

Prepare Memorandum of Association (MOA) and Articles of Association (AOA): Draft the MOA and AOA, which define the company’s objectives, activities, and internal regulations. These documents need to be stamped and signed by the subscribers.

File Incorporation Documents: Prepare the necessary incorporation documents, including the MOA, AOA, and other required forms. These documents need to be filed electronically with the ROC through the MCA portal, along with the prescribed fees.

Payment of Stamp Duty: Pay the applicable stamp duty on the authorized share capital of the company. This can be done online or through designated bank branches.

Verification and Approval: The ROC will examine the filed documents and may request additional information or clarifications. Once satisfied, the ROC will issue a Certificate of Incorporation, indicating the successful incorporation of the public company.

PAN and TAN Application: Apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for the company, if required, through the NSDL website.

Post-Incorporation Compliance: After incorporation, the company must fulfill certain post-incorporation compliance requirements, such as issuing share certificates, holding the first board meeting, and appointing an auditor.

What you get after Company Registration?

Company Memorandum of Association (MOA)
Company Articles of Association (AOA)
Company Pan Card
Company Tan Card
Certificate of Incorporation (COI)
Class 3 Digital Signature
Company MSME Certificate

COMPLIANCES Public Limited Company Registration in delhi.

Annual General Meeting (AGM): Hold an AGM within six months from the end of the financial year and ensure compliance with the prescribed notice, agenda, and voting procedures.

Financial Statements: Prepare and file financial statements including the balance sheet, profit and loss account, cash flow statement, and notes to accounts. These statements must be audited by a qualified auditor and filed with the Registrar of Companies (ROC) within 30 days of the AGM.

Annual Return: Prepare and file an annual return containing prescribed information about the company, its shareholders, directors, and other relevant details. The annual return should be filed with the ROC within 60 days of the AGM.

Board Meetings: Conduct regular board meetings at least four times a year, ensuring compliance with the Companies Act 2013. Maintain minutes of the board meetings and keep proper records.

Statutory Registers and Records: Maintain various statutory registers, such as the Register of Members, Register of Directors, Register of Contracts, Register of Charges, and Register of Debenture Holders, and keep them updated. These registers should be available for inspection by shareholders, directors, and regulatory authorities.

Auditing and Financial Compliance: Appoint a statutory auditor and get the financial statements audited annually. Comply with auditing and financial reporting requirements, including disclosure of related-party transactions and auditor qualifications.

Secretarial Compliance: Ensure compliance with secretarial requirements such as filing of forms, resolutions, and disclosures with the ROC and the Ministry of Corporate Affairs (MCA) through the MCA portal. This includes filings related to changes in directors, share capital, charges, etc.

HOW AURIGA ACCOUNTING HELPS TO INCORPORATE PUBLIC COMPANY

Auriga Accounting is a professional services firm that provides a range of corporate and financial services to help businesses incorporate and operate in India. Here are some of the ways in which Auriga Accounting can assist with the incorporation of a public company:

Consultation: Auriga Accounting can provide consultation services to help clients understand the process and requirements of incorporating a public company. They can also provide guidance on the various legal and regulatory obligations that come with being a public company.

Preparation of Documents: Auriga Accounting can help clients prepare the necessary documents required for the incorporation of a public company, such as the Memorandum of Association, Articles of Association, and other legal agreements.

Public Limited Company Registration in delhi.: Auriga Accounting can assist with the registration of the company with the Registrar of Companies (RoC), which is a mandatory requirement for all public companies.

Compliance: Auriga Accounting can help ensure that the company complies with all legal and regulatory requirements related to corporate governance, transparency, and financial reporting. They can assist with the preparation and filing of various statutory reports, including annual reports, financial statements, and other regulatory filings.

IPO: If the company intends to raise capital through an initial public offering (IPO), Auriga Accounting can assist with the process of listing the company on a stock exchange, complying with regulatory requirements related to the IPO, and preparing the necessary documents.

Overall, Auriga Accounting can provide a range of services to help businesses successfully incorporate and operate as a public company in India.

WHY AURIGA?

Expertise: Auriga Accounting has a team of experienced professionals who are well-versed in the legal and regulatory requirements related to company registration in India. They have the expertise to guide clients through the entire process of company registration and ensure that all legal and regulatory requirements are met.

Cost-effective: Auriga Accounting offers cost-effective company registration services that are tailored to the needs of small and medium-sized businesses. They offer transparent pricing, and their services are competitively priced compared to other service providers in the industry.

Quick and Efficient: Auriga Accounting offers quick and efficient company registration services that are designed to save clients time and hassle. They use advanced technology and streamlined processes to ensure that the registration process is completed as quickly as possible.

Post-registration Support: Auriga Accounting provides post-registration support to clients, which includes assistance with compliance requirements, bookkeeping, accounting, and other related services. They offer ongoing support to ensure that clients remain compliant with all legal and regulatory requirements.

Overall, people choose Auriga Accounting for company registration because they offer high-quality, cost-effective, and customized services that are designed to meet the unique needs of each client.

Auriga Accounting offers customized company registration services that are tailored to the specific needs of each client. They take the time to understand the client’s requirements and provide personalized services that meet their unique needs.

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2023-06-10

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