Public Limited Company

A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors this is benificial in raising capital. A minimum of three Directors are required for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company.
Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.,


Documents required for Public Limited Company

  Copy of PAN Card of partners

  Passport size photograph of partners

  Copy of Aadhaar Card/ Voter identity card

  Copy of Rent agreement(If rented property)

  Electricity/ Water bill (Business Place)

  Copy of Property papers(If owned property)

  Landlord NOC (Format will be provided)

Key Points

  • Separate Legal Entity

    A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.

  • Easy Transferability

    Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.

  • Uninterrupted Existance

    A company has 'perpetual succession', that is continued or uninterrupted existence until it is legally dissolved. A company, being a separate legal person, is unaffected by the death or other departure of any member but continues to be in existence irrespective of the changes in membership.

  • Owning Property

    A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.

  • Borrowing Capacity

    A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

STEPS INVOLVED IN REGISTRATION OF PUBLIC LIMITED COMPANY

  • 1. Application of DSC & DPIN:

    Our very first step in this direction would be getting Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN) for the proposed Partners of the LLP. Within a timeframe of 5 to 7 working days DPIN and DSC can be obtained for the proposed Partners. If the partners already have DSC and DPIN, then this step can be skipped.

  • 2. Name approval:

    A minimum of one and a maximum of six proposed names are required to be given to the MCA. Subject to availability, naming guidelines and MCA processing time, we will get back to you with the Name approval within 5 to 7 working days. Names provided should ideally be unique and suggestive of company business

  • 3. MOA & AOA submission:

    Once name is approved, one needs to draft Memorandum of association and Articles of Associate. Both MOA and AOA are filed with the MCA with the subscription statement.

  • 4. Get incorporation certificate:

    Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time. Incorporation certification is a proof that company has been creation. It also includes your CIN number.
  • 5. Apply for PAN, TAN and Bank account:

    Then you need to apply for PANand TAN. PAN and TAN are received in 7 working days. Post this, you can submit the Incorporation certificate, MOA, AOA and PAN with bank to open your bank account.
stats man
MONITRIX BY THE NUMBERS
2987
Active Traders
2280
Wealth Managers
5100
Ticks Per Second
4764
Instruments

sayings

testimonial

We greatly appreciate Monitrix creativity and guidance in re-branding Adaptive's new image in market The vibe, level of inquiry, feedback, and traffic at our presentations and our newly established firm at a recent conference was very positive.

PARVEEN CHOUDHARYCEO HNYKS

Up to date it has been a pleasure working with Monitrix Corporate service After 4 problematic years we finally found Monitrix. Up to date it has been a pleasure working with Monitrix

RAJESH KUMAR

This is a quick, effective team that really cares for their clients success.Monitrix transformed our Business into a vital part of our sales efforts, then tailored a real time bookkeeping, which has doubled our presentation from a year ago.

Naresh Kumar

All Rights Reserved © Monitrix corporate Services Pvt. Ltd.