Register Your Public Limited Company in 5 Working Days

Start your Startup journey by registering your company with KNAP Advisory for only 11,999. (govt fees extra). You may initiate the procedure for just 5,999!

Documents required for Director/ Shareholder

  • Pan Card Copy (Mandatory)
  • ID Proof (Any one) – Driving License/ Voter ID/ Passport Copy/ Aadhaar Card
  • Address Proof – Latest Bank Statement/ Latest Telephone or Mobile Bill/Latest Electricity Bill.(MUST be less than 30 days old) 
  • Passport Size Photograph

Documents Required for Registered Office Address

  • NOC - Certificate of No Objection from the Property Owner (Format will be provided by us)
  • Address Verification - Current Telephone or Mobile Bill/ Gas or Electricity Bill (MUST be less than 30 days old)

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Public Company Registration in India

An Overview- How to register a Public Company?

In India, the most appropriate entity for large-scale company is a Public Limited Company. Public Company Registration is strongly suggested when starting a business that requires more capital. Public limited company in India is carefully regulated by the Companies Act, 2013, to ensure transparency between the company and its shareholders.

In India, a public limited company sells shares to the general public in order to raise capital. The formation of a public business is not difficult because it is currently done online. The government maintains a flexible structure for large-scale companies. To generate funds through an initial public offering of shares, public companies can be listed on the stock exchange.  

It is a separate legal entity from its members. A public company must have at least seven shareholders. Before registering as a Public Limited Company, you should also be aware of the benefits and statutory requirements.

Public Limited Company Registration is recommended for getting tax benefits, limited liability and funding opportunities. KNAP Advisory, a leading legal consultant comes up with a quick Online Public Company Registration services in India in just three simple steps:-

  • Get excellent guidance to choose a creative name for your company.
  • Draft your company's constitution (MoA and AoA). 
  • Register your company with MCA (Ministry of Corporate Affairs)

We en sure complete customer satisfaction and on-time service delivery through qualified corporate personnel and Chartered Accountants. The entire process is managed online with improved help.

Public Co. Vs Pvt. Co.

Difference between Public Company and Private Limited Company

The key difference between Public limited company and Private Limited Company are as follows:

Public Limited Company

  • Minimum 7 shareholders or members are required.
  • 3 directors are compulsory for Public limited company registration.
  • Public limited companies can be listed on stock exchange and raise funds from public at large.
  • Restriction on remuneration payable to directors.
  • Stringent compliance regime.
  • Listed Public companies are regulated by SEBI.
  • Political interference is high.

Private Limited Company

  • Minimum 2 shareholders or members are required and maximum 200 shareholders are allowed.
  • Minimum 2 directors are required.
  • There is restriction on the transfer of shares.
  • No restriction on remuneration payable to directors.
  • Startup benefits available.
  • Controlled and regulated by private members.
  • Less political interferences.

 

S.No. Criteria Public Limited Company Private Limited Company
1 Shareholders Minimum - Seven (7) shareholders Maximum – No Limit Minimum – Two (2) shareholders Maximum – 200
2 Directors Minimum three (3) directors Minimum two (2) directors
3 Director’s remuneration Restriction on director’s remuneration No Restriction on director’s remuneration
4 Compliance Stringent Compliances Less Stringent as compared to Public Limited Company
5 Startup benefits Not available Available, subject to conditions
6 Political Interference High Low

Benefit

Why to choose Public Limited Company Registration in India?

Raise Funds Easily

The standards for registering a public company are stringent enough to ensure that anyone looking to raise money or borrow money may trust this system. Proprietorships, partnership businesses, and limited liability partnerships are unable to secure equity finance due to their inability to issue shares.

Limited liability Protection

The liability of each shareholder or member is constrained in a limited company. Because of this, even in the event of a loss, its shareholders are not required to liquidate their own assets in order to make a payment. The personal assets of the shareholders are not under danger.

Separate Legal Entity

A public limited corporation is nevertheless recognised by the law even if all of its members pass away, become insolvent, or declare bankruptcy. The company's existence will be unaffected by the lives of its shareholders or members unless it is terminated by resolution.

Separation of Ownership and Management

Ownership and management are kept separate in a public limited company. It enables management and the company to operate at their greatest capacity. The voting rule is used to designate duties for running the business.

Detailed registration process to register a company online (How to register company online).

The Ministry of Corporate Affairs governs the online company registration process by enforcing specific legal norms and regulations. You only need to supply our experienced team with the necessary documents/details for company registration. Our skilled team will handle the entire company registration process.

Steps for online company registration in India:-

  • STEP 1- Apply for Digital Signature Certificate (DSC)
  • STEP 2- Application for Directors Identification Number (DIN)
  • STEP 3 - RUN (Reserve Unique Name)
  • STEP 4- Drafting of the E-MOA and E-AOA
  • STEP 5- Application for PAN and TAN of the company.
  • STEP 6- Certificate issued by ROC with PAN and TAN.
  • STEP 7- Bank account opening support.

Checklist for Registration of Company in India

According to the Companies Act of 2013, several rules and conditions must be completed in order to register a company in India.

A Unique Name :- Your company's name should be unique. The name must not be same to the name of any existing company or registered trademark.

Three Directors :- In India, a Public Limited Company must have at least three and no more than fifteen directors. One of the directors of a public limited company must be an Indian citizen.

Minimum capital required :- You can form a public business with as little as Rs.7, although it is suggested that you have enough share capital to get the company started.

Registered Office:- The registered place of the company can be commercial or residential; it can be owned or rented property. If the property is rented, a NOC is necessary.

Mandatory documents Required Public Limited Company Registration

Mandatory documents which are required to register a company in India are identity proofs of proposed Directors and address proofs. Below is the list of documents accepted by MCA for online registration of the company in India.

Identity Proof

  • Scanned copy of PAN card and Aadhaar Card
  • Scanned copy of Passport/DL/Voter ID
  • Scanned copy of Latest Bank Statement/Telephone or Mobile Bill/Electricity Bill/Gas Bill
  • Passport Size Photo

Note:- Foreign nationals must have a translated and notarized copy of their passport. Residence documentation, such as utility bills and bank statements, should be no more than two months old. All of the documents listed above must be self-attested.

Registered Office Proof

For Public Limited Company Registration in India, the Company should have registered offices in India, that can be residential and commercial as well. You need to submit the documents listed below:-

  • Scanned copy of Telephone Bill/Water Bill/Electricity Bill
  • No Objection certificate from landlord (in case of rented premises)
  • Scanned copy of Notarized Rental Agreement (in case of rented premises)
  • Scanned copy of ownership documents

HELP & FAQs

Can I apply for a company name online?

Yes, you can use the RUN (Reserve Unique Name) function at the MCA portal to reserve a company name online.

What is the minimum number of directors required for registration of a company?

In case of
● 1 director for One-person company
● 2 directors for Private limited company
● 3 directors required for Public limited company
● 5 directors required for Producer company
Note: Every company must have at least one director who spends at least 182 days in India during the financial year.

What is the minimum capital required at the time of registration?

The minimum capital requirement at the time of registration is
● Rs.1 for One Person Company
● Rs.2 for Private Limited Company
● Rs.7 for Public Limited Company

Note:- It is advised that the company have adequate share capital to get it through its earliest stages.

Is it necessary for me to be physically present during the registration process?

No, all processes are carried out online. You can share the necessary documents and information for the company registration process through e-mail.

How long does it take to register a company?

With the help of knapadvisory.com, you may get company approval in just five working days from the date of name approval.

What is the cost of running a Private Limited Company?

It is entirely depending on the size of the company. Contact our knowledgeable staff at - 93119-72982 or 95994-06069.

Can an NRI or a foreigner act as the company's director?

Yes, an NRI or a foreigner can be appointed as a director of a Private Limited Company. They must obtain DIN from Indian ROC.

Can I register a Private Limited Company on my home address?

Yes, you can register your company with a home address. You must submit a NOC

Can I register my family member as a director of the company?

Yes, you can add a family member as a director or a member. You can also adjust the company's directorship/shareholding in the future.

Who can be director of the Company?

Anyone above the age of 18 can become a company's director.

Is GST registration mandatory for companies?

It is mandatory for those whose annual turnover surpasses 40 lakhs in the case of goods and 20 lakhs in the case of services.

Is it possible for me to serve as both a director and a shareholder in my company?

Yes, you can be a director as well as a shareholder in your company

How many persons can become directors of the Company?

A maximum of 15 directors can be appointed as directors. In an exception, you can appoint more than 15 directors if 3/4 of the shareholders agree.

What is Authorised Capital of the company?

The maximum number of shares that a company can issue. It is recommended not to keep needless high authorised capital authorized capital in your company because it may be altered in the future.

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2023-02-16

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Legal Info

Knap Advisory : We Care | We Deliver | We Honor

We have been especially crucial in ensuring startups are compliant with India's complex legal structure. We accept responsibility and obligation on behalf of the business owners and co-founders for adhering to all legal requirements. We strive to deliver a wide range of quick, effective, and compliance-focused services to any company or individual with a startup mentality. We are abide by our motto:- We Care, We Deliver, We Honor.