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Public Limited Company Registration

A Public Limited Company (PLC) is a separate legal business entity which offers its shares to be exchanged on the stock exchange for the general public. According to the guidelines of the corporate law, a PLC needs to necessarily introduce its monetary details and position publicly to keep up with transparency.
Public Ltd company Registration in Coimbatore
Prerequisites :
  • Minimum 7 shareholders are needed to frame a public limited company.
  • Minimum of 3 directors is needed to frame a public limited company.
  • A minimum offer capital of Rs. 5 lakhs is required.
  • Digital signature certificate (DSC) of one of the directors is required while submitting self-attested copies of identity and address proof.
  • Directors of the proposed company will require a DIN.
  • An application is needed to be made for the choice of the name of the company.

Characteristics of Company:
  • Proprietorship: The responsibility for PLC lies with at least two investors who own the portions of the company.
  • List of Individuals: A public limited company needs to keep a record of its individuals with their names.
  • Unending Progression: The Company’s presence is autonomous of the demise, liquidation or bankruptcy of any of the part.
  • Arrangement: A PLC can be framed with the arrangement of no less than two chiefs and one qualified company secretary.
  • Directors: A public company needs to have at least three Directors for its reality.
  • Name: The Company needs to end its enlisted name with the word 'limited' for making it a PLC.
  • Prospectus: It is obligatory for a public limited company to give a prospectus which is the assertion of present and plans of the company.
  • Minimum Subscription: A PLC needs to procure basically 90% measure of the offers gave by the company inside a specific period.

Documents required:

Proposed director and Shareholder - Indian Resident:


  • PAN Card
  • Aadhar Card.
  • Verification for Address – Bank Explanation or Telephone Bill or EB or Portable Bill (Most recent)
  • Passport Size Photo.

Proposed directors and shareholders – Foreign national:


  • A Copy of Identification (Public accountant and Apostille is required)
  • A copy of address confirmation (Legal official and Apostille is required)
  • A copy of ethnicity verification (Legal official and Apostille is required)
  • Two Passport Size Photo.

Register Office records:


  • On the off chance that the Workplace is rental, tenant contract is inescapable
  • Power bill (Not over two months old needed to be submitted)
  • Inhabitant needs to give a No Objection Certificate from landowner to work the business (NOC) if not leased.

Procedure for registration:

Step 1: Name application:

An application is documented to hold the name of the company with the enlistment center of organizations. Candidate is permitted to give two names and one re-accommodation.


Step 2: Name Approval / Rejection:

On receipt of the application, CRC (Central Registration Centre) may either endorse or dismiss the application.


Step 3: Application for DSC

Digital Signature Certificate to be obtained for every one of the endorsers and directors of the company


Step 4: Preparation of MOA & AOA

Each company should draft the MOA and AOA, and it's a required to connect the advanced mark declaration in the two records.


Step 5: Forms and Documents Filing:

Application for Registration of public limited is to be recorded alongside MOA and AOA, assuming any, and other essential archives and charges.


Step 6: Certificate of Incorporation:

On being fulfilled, the enlistment center of organizations (ROC) will give the declaration of incorporation, will be designated DIN (Director Identification Number), PAN – (Permanent Account Number) and TAN (Tax Deduction Account Number)


FAQ

Public Limited Company will be company which is consistently settle on where a colossal speculation is wanted from public. Public company can go for the posting of its offer at securities exchange as it has no restriction on its number of investor and can get from public through Initial public offering. Subsequent to posting of offer, portions of public limited company can be effectively exchanged at stock trade.


1. Simple Funding by financial backers or through Initial public offering of company. 2. Portions of Public limited company are uninhibitedly adaptable. 3. An extraordinary straightforwardness in company is accessible. 4. Best for long haul vision of business. 5. Effectively conspicuous.


It ordinarily requires 15-18 working days after accommodation of every single imperative archive. Be that as it may, here and there it might shift to 18-25 days likewise which depends on condition of registration, as each state has its own Enlistment center of Companies (ROC) to enlist public limited company.

A public limited company need a minimum capital of Rs. 5, 00,000. This sum should store by the investor in chose share rate in the ledger of company. Then, at that point a similar sum can be utilized by the company for its tasks.


There are a few documentation needed for registration of public limited company. In any case, these are essential prerequisite to start: 1. Container card of every Chief and Investor. 2. Photos of every Chief and investor. 3. ID Verification and Address confirmation of Chief and Investor. 4. Address verification of enrolled address of Company


Aside from normal consistence of Income Assessment, there are extremely substantial compliances that a public company need to go along. Among the all enrolled business element, public limited company have the greatest compliances as it includes public money. There are a few periodical and yearly compliances that requires a standard checking by experts.