Process for Public limited company online Registration in India- Swaritadvisors

As we know, in the terms of transparency and credibility in business, a public limited company stands higher than a private limited company.  A public limited company Registration in India, however, has a great amount of financial exposure to the source capital from the relative public as the debenture or equity or deposit. If you have a broad vision to IPO from the startup, it is preferable to choose a public limited company registration within a minimum of three members.

What is Public Limited Company Registration?

A public limited company is registered under the Companies Act, 2013. Such companies have limited liability and provide shares to the general public. Furthermore, anybody can acquire its stock either through trades on the stock market or privately via initial public offering (IPO).

A public limited company has the ability to have an unlimited number of members along with some extra offers for transparency of bankers, creditors and shareholder lenders. A public limited company is strictly required to publish its correct financial health to the shareholders.

Advantages of  Public limited company registration

There are various benefits of public limited company registration. Some of them are enlisted below:

Ø  Progression of existence: A public limited company does not get affected by the death of the shareholders and continues to exist without getting affected by the status of the shareholders.

Ø  Limited liability: Public limited companies have a great advantage of limited liability which means in case the company suffers any kind of loss the personal assets of the shareholders or directors or members are not at any risk of being seized by the government, banks and creditors.

Ø  Borrowing capacity: Another main advantage of public limited company registration is of having unlimited sources for borrowing the funds for the company. They can issue equity, debentures and can also accept the deposits from the public. Even that, financial institutions prefer to raise their funds in large public limited companies.

Ø  Better business opportunities: Because such companies are listed on the stock markets, the company seeks the attention of mutual funds, hedge funds, and other traders. As a result, Public Limited Companies get better business opportunities.

Ø  Distributed risk: As the shares of the public limited company are sold to the general public at a large extent, the unsystematic risk of the market is distributed.

Documents required for the public limited company registration 

For obtaining Public Limited Company registration, you must keep the provide the following documents as described:

·         PAN card;

·         Election id or passport;

·         Latest bank statement along with mobile or telephone bill;

·         Driving license or voter’s id or passport;

·         Passport size photographs of all the directors and shareholders;

·         Scan copy of the signatures of shareholders similar to the PAN card.;

·         Electricity bill or water bill or phone bill as utility bill for the residential proof;

·         In case, of the rented commercial place, get a scanned copy of rent agreement along with the no objection certificate from the owner of the place.

Process for public limited company registration

Applicants willing to register their company as public limited should follow the described steps:

·         Step1: As an applicant, you are required to obtain DSC (Digital Signature Certificate). DSC is essential for filing application on the MCA's (Ministry of Corporate Affairs) portal.

·         Step2: Apply for RUN (Reserve Unique Name) service. Under this, you can propose for a maximum of two names along with the required fees.

·         Step3: File SPICe or INC-32 for incorporation certifcate, PAN, TAN, etc. Once the Registrar of Companies (ROC) is satisfied with the documents provided, it will issue the DIN, PAN, and TAN, along with the CIN (Corporate Identity Number).

·         Step4: Final Incorporation and current bank account opening.

 Are you finding all these things quite difficult? Don’t worry Swarit advisors is here to help you in the best way they can. We provide you legal assistance to make the registration process easy and fast for you with a 100% success rate. For more information regarding the public limited company registration, you can contact us.