New Procedure for Public Limited Company Registration

New  Procedure for Public Limited Company Registration

 

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A public limited company is a voluntary association of members which can be incorporated by seven or more persons. It has a separate legal existence apart from its members who compose it. It must have a minimum of seven members but there is no limit as regards the maximum number. It’s shares are freely transferable and that too without the prior consent of other shareholders. It is independent legal person, its existence is not affected by the death, retirement or insolvency of any of its shareholders. These companies can invite capital and deposits from the public. These Companies can be listed or unlisted. Please go on http://www.mca.gov.in

1. Who Are Eligible For Public Limited Company Registration

  • Minimum Seven People: Minimum seven people are required to start the public limited company in India. These companies shall have minimum three directors. The same seven people can become shareholder and director of the company. However, maximum any number of people can become shareholder in the public limited company.
  • No Minimum Capital: Capital of the business is depending on the need of the business and statutory no minimum capital is required to start the public limited company. However, minimum authorized and subscribed share capital required for public company is Rupees five lakh.
  • One Resident Director: Among director, one person must be resident Indian.
  • Unique Name: The name of the public limited company should be unique and should not be similar to the any existing company name or trademark.

2. Documents Required for Public Limited Company Registration

Identity proof of Directors and Shareholders

Address proof of Directors and Shareholders

  • Bank statement/Electricity/Telephone/Mobile bill) (not older than two months) (any one)

Proof of Registered office

  • Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one)
  • Copy of the utility bills (Telephone/Gas/Electricity bill) (not older than two months) (any one)
  • NOC from Landlord

Other Documents

  • DSC form (physically signed)

Note: All the Documents in case of Foreign Director should be additionally complied as follows:

  • Notarized (if residing in commonwealth countries)
  • Notarized & Apostiled (if residing in country which is signatory to Hague convention)
  • Notarized & Consularised (If not covered in above categories)

3. Procedure For Registration of Public Limited Company

4. Advantages Of Public Limited Company Registration

To know more at :- http://dptaxexperts.com/company-registration.html

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