Public Limited Company
A Public Limited Company under Company Act 2013 is a company that has limited liability and offers shares to the general public. It’s stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market. A Public Limited Company is strictly regulated and is required to publish its true financial health to its shareholders.
Requirements/Process for registration of Public Limited Companies
There are various rules and regulations prescribed under the companies act, 2013 for the formation of a public limited company. Here is what you should keep in mind when registering a public limited company:
- Minimum 7 shareholders are required to form a public limited company
- Minimum of 3 directors is required to form a public limited company
- The minimum share capital of Rs. 5 lakhs is required
- Digital signature certificate (DSC) of one of the directors is needed while submitting self-attested copies of identity and address proof
- Directors of the proposed company will need a DIN
- An application is required to be made for the selection of the name of the company
- An application comprising the main object clause of the company is to be made. This object clause will define what a company will pursue after its incorporation
- Submission of the application to ROC along with the required documents like MOA, AOA, duly filled Form DIR – 12, Form INC – 7 and Form INC – 22 is needed
- Payment of the prescribed registration fees to the ROC is required
- After obtaining an approval from the ROC, the company should apply for the ‘certificate of business commencement.’
Documents required for incorporating a Public Limited Company
- Proof of identity of all the shareholders and directors
- Proof of address of all the directors and the shareholders
- PAN number of all the shareholders and directors
- Utility Bill of the proposed office i.e. proposed registered office for the company
- A NOC (No Objection Certificate) from the landlord where the office of the company will be situated
- Director Identification Number (DIN) of all the directors
- Digital Signature Certificate (DSC) of the directors
- Memorandum of Association (MOA)
- Articles of association (AOA)
