Registration of the name of a public limited company with the Registration of Companies is mandatory under the Companies Act, 2013. Here at Dobizindia Business Solutions, we offer complete services for company registration with our comprehensive packages at affordable prices. Our experienced and dedicated team consisting of CA, CS, and paralegal experts is there to assist you through each process of registration for your company completely free of charge. Our completely online mode of operation assures that the quality and reliability that we provide are incredibly trustworthy.

A public limited company is established as a corporation, is incorporated, and is regulated by the Companies Act, 2013. Its ownership is distributed by its shareholders according to the proportion of shares they hold or capital they've invested in the business. Additionally, ownership can be easily transferred through the trading of shares of the company through public platforms, such as stock exchange markets, to shareholders and the general public at large. Shareholders share in their profits with the business in a set ratio reached by them, and their liabilities are determined by the amount they've committed to the company.

To establish a public limited company, you have to meet the requirements according to the Companies Act, 2013. These requirements relate to the number of shareholders, the number of directors, the location, capital, and name of the business. An extensive list of the conditions listed is available below for your convenience and complete understanding.

Our startup consultants are available to answer your questions about the required requirements, the step-by-step procedure, costs, and documents required to register the company.

A public limited company must be mandatory recognized pursuant to the Companies Act, 2013. The procedure has been fully digitalized by the Indian government. The entire process of incorporating is now completely online, from the submission of an application and documents to the release of the Certificate of Incorporation by the Registrar of Companies. All you have to do is sign up for our complete package of registration for your company, and we'll help in the incorporation process to ensure speed, efficiency, and cost-effectiveness for you.

Public limited companies need at least seven shareholders to be registered and established in India. The huge number of shareholders indirectly signifies that the public limited company must raise enormous capital before its beginning and incorporation. Thus, it is to be used by businesses with an extensive scale of operations, a large customer base, and massive potential for growth and expansion within the next few years.

Individuals can purchase shares in the shares of a public limited company, as can non-individual investors and members of the public at large. Apart from residents, Indians and investors within a publicly owned business can also include individuals who are non-resident Indians (NRIs), foreign institutional investors (FIIs), people who are of Indian origin (PIOs), as well as qualified individual investors (QFIs).

The liability of owners or shareholders in the form of a public limited company is limited to the unpaid amount of their capital subscriptions.

After incorporation, a public limited company has to meet the following tax and legal compliances for each financial year:

Foreign capital investment in a private limited company is allowed for non-residents of the country. Foreign entities can participate in public limited companies only if they are either foreign institutional investors (FIIs) or qualified institutional investors (QFIs).

To be eligible for the incorporation of a public limited company, you have to provide certain documents required by law. A complete list of such documents is provided in the following section: Before you begin the process of registering your company, you must make sure that you have copies of all the required documents, and if you are missing one of them, you should get it in order as fast as you can.

The name of a public limited company must be distinctive and reflect its name and business activities. Furthermore, the Companies Act, the Company (Incorporation) Rules, the Trademark Act, and the Names and Emblems Act define a set of rules that must be followed when naming a business. The name of a business should not be identical or similar to the name of an existing business, an LLP, or an applied or registered trademark. For a comprehensive overview, please read our article on the guidelines for name approval.

After you've chosen a suitable name for your business, you need to register your name with the Registrar of Companies to stop its use and plagiarism by other businesses. To accomplish this purpose, all you have to do is take advantage of our services of name approval as well as reservation, which will not just verify the legitimacy of the names you propose; we will also request their reservation on the "RUN" (Reserve Unique Name) or Part A (Spice+) application.

Once you've approved the name of the public limited company, you are able to proceed with the incorporation. In order to apply for incorporation of the company, you must complete an online SPICe+ application, which is available through the official website of the MCA. The application is split into two parts: Part A to allow for name reservations and Part B for company incorporation. The application must be completed and signed by any director of the business, and it is then sent to the ROC together with the prescribed set of documents that go with it.

Upon receiving the application to incorporate, the ROC reviews all the information and documents included in the application. Once it is inevitable that the ROC is satisfied with the authenticity of the information and documents, he will create a public limited company and issue the Certificate of Incorporation of the business as a final confirmation of registration. Furthermore, the ROC assigns a corporate identification number to identify the company.

After that, the Certificate of Incorporation is given at the firm's request by ROC, and the Ministry of Finance issues the PAN and TAN to the business. While the PAN is a required document to make tax payments and ensure compliance, the TAN is required to enable the company to deduct taxes at the source.

A public limited company can begin business operations before, during, or after incorporation. But if it hasn't yet begun its business activities even after incorporation, and the law allows the company a most excellent time of 6 months from the date of the issuance of the Certificate of Incorporation, during which the business must begin its business and notify the ROC on the form INC 20A, if the six-month window expires and the company does not begin its business operations, it has a chance of being struck out of the Register of the ROC.