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Public Limited Company Registration

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

Auriga Accounting has a team of registration experts who can provide complete guidance to register your Public Limited Company.

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?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your Public Limited Company.

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

Public Limited Company Registration in India - online process ,fees , Documents Required

A Public Limited Company (PLC) is a business entity with publicly traded shares, allowing the public to own a stake. It raises capital from the stock market, has a diverse shareholder base, and complies with stringent regulatory requirements. In contrast, an One Person Company (OPC) is a single-owner entity, while Limited Liability Partnership (LLP) combines elements of a partnership and a corporation, providing limited liability to partners. Partnerships involve shared responsibility, while Private Companies have restricted share transfer. PLCs offer widespread ownership, while other structures cater to specific needs like sole ownership (OPC), shared liability (LLP), or controlled ownership (Private Company).

What is Public Limited Company ?

A Public Limited Company (PLC) is a business entity whose shares are traded on a public stock exchange. Unlike private companies, PLCs can raise capital by selling shares to the public. These companies have limited liability, meaning shareholders are not personally responsible for the company’s debts. PLCs are governed by strict regulatory requirements, disclosing financial information and adhering to corporate governance standards. Shareholders can easily buy and sell shares on the stock market, making PLCs a common choice for large-scale enterprises seeking widespread ownership and significant capital infusion from the public.

A Public Limited Company, as per Section 50, is a business entity with limited liability, where ownership is represented by shares traded on a public stock exchange. It allows the general public to invest in the company by buying and selling its shares, providing liquidity and widespread ownership.

What is Public Limited Company (listed) ?

A public listed company, also known as a publicly traded company or a public corporation, is a business entity whose ownership shares are traded on a stock exchange. Here are five key points about public listed companies:

  • Ownership Structure: Public listed companies have shares that are available for purchase by the public. Shareholders own a portion of the company based on the number of shares they hold.
  • Stock Exchange Listing: These companies are listed on stock exchanges such as the New York Stock Exchange (NYSE) or NASDAQ, providing a platform for buying and selling their shares.
  • Regulatory Compliance: Public listed companies must adhere to strict regulatory requirements imposed by financial authorities, such as the Securities and Exchange Commission (SEC) in the United States, to ensure transparency and protect investors.
  • Access to Capital: Being publicly listed enables these companies to raise capital by issuing additional shares through secondary offerings or debt instruments, providing funds for expansion, research, and other business activities.
  • Financial Reporting and Transparency: Public companies are required to disclose financial information regularly, including quarterly and annual reports. This transparency helps investors make informed decisions and promotes accountability.

What is Public Limited Company (unlisted) ?

A public unlisted company refers to a company whose shares are publicly traded but not listed on a formal stock exchange. While the shares can be bought and sold by the public, the company is not listed on a stock exchange like the NYSE or NASDAQ. Instead, trading typically occurs over-the-counter (OTC) or through other informal platforms.

  • Ownership: A public unlisted company is a business entity whose ownership is divided into shares, but its shares are not traded on a stock exchange.
  • Limited Liability: Shareholders enjoy limited liability, meaning their personal assets are protected in case of company debts or legal issues.
  • Regulation: Although not listed on a stock exchange, these companies are still subject to regulatory requirements and must comply with financial and reporting standards.
  • Investment: Investors can buy and sell shares privately, usually through over-the-counter (OTC) transactions, rather than on a public stock exchange.
  • Access to Capital: Public unlisted companies can raise capital by issuing shares to a limited number of investors, allowing them to fund operations and expansion.

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 company incorporation

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.
Eligible For Public Company Incorporation
  • Scanned copy of PAN card or passport (foreign nationals & NRIs)
  • Scanned copy of voter ID/Aadhar Card/ Driving Licenses
  • Scanned copy of the latest bank statement
  • Scanned copy of the electricity or gas bill
  • Scanned passport-sized photograph specimen signature (blank document with signature [directors only)

Advantage of Public Limited Company Registration

  • 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.
  • Separate Legal Entity: A public limited company is considered a separate legal entity distinct from its shareholders. This concept is known as the “separate legal personality” or “legal entity” status. It means that the company has its own legal rights, obligations, and liabilities independent of its shareholders.
  • Raise 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.
  • Free 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.
Advantage Of Public Limited Company Registration

Minimum Requirement of Public Limited Company Registration

  • A minimum number of 3 Directors.
  • A minimum number of 7 Shareholders.
  • 5 Lakh Minimum Paid Up capital is Required.
  • One of the Directors of a Public Company must be an Indian Citizen and Indian Resident.

Documents Required for Public Limited Company Registration

  • Scanned copy of PAN card or passport (foreign nationals & NRIs)
  • Scanned copy of voter ID/Aadhar Card/ Driving Licenses
  • Scanned copy of the latest bank statement
  • Scanned copy of the electricity or gas bill
  • Scanned passport-sized photograph specimen signature (blank document with signature [directors only)
Documents Required For Public Limited Company Registration

Process of Public Limited Company Registration

  • 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.
Process Of Public Limited Company Registration

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
What You Get After Company Registration?

COMPLIANCES

Compliances for Public Limited Company (unlisted)

Regulatory Filings:

  • Annual Return (Form MGT-7): Public companies are typically required to file an annual return with the regulatory authorities. This form includes details about the company’s financial performance, shareholding patterns, and other relevant information.
  • Financial Statements (Form AOC-4): Companies need to file their audited financial statements along with the director’s report and auditor’s report. These documents provide an overview of the financial health and performance of the company.

Board Meetings and Minutes:

  • Board Meetings (Section 173): The Companies Act often specifies the frequency of board meetings (at least four in a year) and the gap between two meetings.
  • Minutes of Meetings (Form MGT-15): Detailed minutes of board meetings and general meetings must be maintained and filed periodically.

Shareholder Meetings:

  • Annual General Meeting (AGM): Companies are required to conduct an AGM within a specified timeframe to discuss financial results, elect directors, and address shareholder concerns.
  • Notice of AGM (Form MGT-9): A formal notice for the AGM must be sent to shareholders within the stipulated time frame, and the form filing is required.

Compliance Certificates:

  • Secretarial Compliance Certificate (Form MGT-8): Companies may need to obtain a compliance certificate from a practicing company secretary and file it with the authorities.

Disclosure of Interest by Directors:

  • Form MBP-1: Directors are required to disclose their interest or concern in any company or other entities, and this information needs to be filed with the company.

Filing of Forms with the Registrar of Companies (ROC):

  • Form ADT-1: Appointment of the auditor.
  • Form DIR-12: Changes in the composition of the board.
  • Form INC-22A (Active Company Tagging Identities and Verification): Verification of the registered office.

Compliances for Public Limited Company (listed)

Board Meetings and Resolutions:

  • Hold at least four board meetings in a year.
  • Form: Board Resolution (Form MGT-14) – Filed within 30 days of the board meeting.

Annual General Meeting (AGM):

  • Conduct AGM within six months from the end of the financial year.
  • Form: Annual Return (Form MGT-7) – Filed within 60 days of the AGM.

Financial Statements:

  • Prepare and disclose audited financial statements.
  • Form: AOC-4 (Form for filing financial statements) – Filed within 30 days of the AGM.

Corporate Governance Report:

  • Comply with corporate governance norms and submit a report.
  • Form: Secretarial Audit Report (MR-3) – Filed with the ROC within 60 days of the AGM.

Shareholding Pattern:

  • Disclose changes in shareholding pattern every quarter.
  • Form: Shareholding Pattern (SH-2) – Filed within 21 days of the end of each quarter.

Compliance Certificate:

  • Obtain a compliance certificate from a practicing company secretary.
  • Form: Compliance Certificate (Form MGT-8) – Filed with the ROC within 30 days of the AGM.

Registrar of Companies (ROC) Filings:

  • File necessary documents with the ROC for various events, such as changes in directors, registered office, etc.
  • Form: Various forms such as INC-22, DIR-12, etc., depending on the nature of the event.

Listing Agreement Compliance:

  • Comply with the listing agreement requirements of stock exchanges where shares are listed.
  • Form: Various forms as prescribed by stock exchanges.

Insider Trading Compliance:

  • Prevent and monitor insider trading activities.
  • Form: Disclosures of trading in securities (Regulation 7(2)) – Filed within two working days of receiving the information.

SEBI (Securities and Exchange Board of India) Regulations:

  • Comply with various SEBI regulations applicable to listed entities.
  • Form: Various forms as specified by SEBI for different compliances.

Reasonable Price for Filling Private Limited Company Registration

Auriga Accounting Public Limited Company in India provides Company Registration at a reasonable price or if Public Limited Company Registration from us then we give you a special discount.  Our services are value for money and you never paid a penalty. Our clients are all over India i.e., Chhattisgarh, Assam, Maharashtra, Uttar Pradesh, Delhi, Madhya Pradesh, Bihar, and many other states, and they are very happy with us.  We also give you time-to-time updates with full transparency.

Steps

Fees

Digital Signature Fees

₹ 7000

Government fees ( Stamp Duty)

₹ 1800

Professional Fee

₹ 3199

Total cost

₹ 11999

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.
  • Company Registration: 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.

DIN is allotted by the Central Government to any person intending to be a Director of a company. It is an 8-digit unique identification number that has lifetime validity. DIN is specific to a person, which means even if he is a director in 2 or more companies, he has to obtain only 1 DIN.

Whenever a return, an application, or any information related to a company will be submitted under any law, the director signing such return, application or information will mention his DIN underneath his signature.

When the total capital of a company is divided into shares, it is called as share capital. The share capital is the total amount of capital collected from their shareholders to achieve the objectives of the company.

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial/industrial/residential where communication from the MCA will be received.

No, you will not have to be present at our office or appear at any office for the incorporation of a Limited Company. All the documents can be scanned and sent through email. Some documents will also have to be couriered to our office.

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register.

Yes, a NRI or Foreign National can be a Director in a Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident India.

Sr. NoParticularsMandatory/ Non Mandatory
1.Director Identification NumberMandatory
2.PANMandatory
3.TANMandatory
4.Professional Tax RegistrationMandatory
5Opening of Bank AccountMandatory
6ESICMandatory
7GSTINNot Mandatory
8EPFO RegistrationMandatory
9.Digital Signature CertificateMandatory

Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Limited Company subject to Foreign Direct Investment (FDI) Guidelines.

Speak to our experts who shall solve all your doubts. Call us at +91-7982044611 +91-8700032203 or Mail us at ADMIN@AURIGAACCOUNTING.IN

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MD SAHIL
MD SAHIL
2023-06-10
Auriga Accounting is right CA firm is crucial for the financial health of our business. Auriga Accounting is reputable firm with experienced professionals, strong technology infrastructure, good communication, and transparent pricing.
Prince Kushwaha
Prince Kushwaha
2023-06-10
Workplace must be peaceful and be active during work , the Auriga Accounting Private Limited provides relevant and necessary things so employees save their time and complete their task before time period effectively and efficiently
Prince Singh
Prince Singh
2023-06-10
Auriga accouting private limited and it's team provide best service at affordable price. I have done my previous year GSTR and ITR they did it before the time
Priyanka Kumari
Priyanka Kumari
2023-04-07
They are best coordination with me. Time to time inform me how to work and what work is my pending. Time to time updated me about my company profile work like ROC Filling last date, GST filling last date, ITR etc... I have no paid any penalty since I started working with Auriga..
Vishal Singh
Vishal Singh
2023-04-07
Best company for providing services, I recommended to all. They give me the best rate of price and finished work before the time.
Sameer khan
Sameer khan
2023-04-07
The auriga accounting private limited is a reliable and a customer support company the team has give Clear answer towards the customer by which the customer cannot get confused and get necessary detail to solve their queries and auriga provided me good service and delivered my work on time very well coordinate with me and talk very well I suggest if you have any work then call auriga they will definitely finish your work on time
Vivek Shakya
Vivek Shakya
2023-04-07
Great Services , within affordable rate and give full satisfaction on works. Easy to Cordinate, I have done My Previous year ITR , Startup Registration. I am very happy with their services and their first priority is their Customer.
find way
find way
2023-04-06
I'll give a five-star rating, I had doubts about how to start my work in the field of business and they guide me and instruct me on how to start a business. They have a great team.
623 Anjali
623 Anjali
2023-04-06
The Auriga has great services. Efficient communication and really easy way to get help and support.
Anjali Sharma
Anjali Sharma
2023-04-06
Auriga Accounting team represents the highest level of customer services I have experienced.The team gives accurate information and responses to queries very fast, which are customer is facing.

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