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An Overview- How to register a Public Company?
Startup Club India, a leading legal consultant comes up with a quick Online Public Company Registration services in India in just three simple steps:-
We ensure perfect customer satisfaction and timely delivery of services by qualified company staff and Chartered Accountants. Whole process is managed online with better assistance.
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
Private Limited Company
Mandatory documents Required For Registration of Public Limited Company in India
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
Note- For Foreign Nationals, Translated and Notarized copy of Passport is mandatory. Residence proof like electricity bills and bank statements should not be older than two months. All the above mentioned documents should be self attested.
Registered Office Proof
For Online 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:-
Other Details
Business Objective and Proposed Name
Why to choose Public Limited Company Registration in India?
Raise Funds Easily
The requirements for forming a public company are sufficiently severe to make this system trustworthy for those seeking to fundraise or borrow money. Proprietorships, partnership firms, and Limited Liability Partnerships cannot issue shares, and are thereby unable to attract equity funding.
Limited Liability Protection
Each member or shareholder's responsibility is restricted in a private limited Company. As a result, even in the event of a loss, its shareholders are not obliged to sell their own assets to make a payment. The stockholders' own, individual assets are not under risk.
Separate Legal Entity
A public limited company continues to exist in the eyes of the law even if all of the members die or becomes insolvent or bankrupt. Unless it is dissolved by resolution, the company's life will be eternal, unaffected by the lives of its shareholders or members.
Separation of Ownership and Management
A Public Limited Company separates its ownership and management. It helps both company and management to work with full potential. Responsibilities are assigned to run the company with the rule of voting.
Easy transfer of shares
Shares represent the ownership of a company. Share of the Public company can easily be transferred without consent of the company.
Listing on Stock Exchange
Public companies can be listed on stock exchange and thereby raise funds from the public at large by way of initial public offer or further public offer.
Widening the shareholder base and spreading risk
This may allow early investors in the company to sell some of their own shares at a profit while still retaining a substantial stake in the company.
Checklist for Registration of Company in India
To register a company in India, certain terms and conditions have to be met as per Companies Act, 2013.
A Unique Name
The name of your company should be unique. The name should not match with the name of any existing Company or Registered Trademarks.
Three Directors
In India, Public Limited Company must have at least three directors and maximum fifteen directors. One of the directors in public Limited Company must be resident of India.
No Minimum Capital Required
You can start a public company with minimum capital of Rs.7 but it is recommended to have share capital sufficient enough to fuel the company for its initial stage.
Registered Office
Company’s registered space can be commercial or residential; It can be owned or rented property. If rented, then NOC is required.
Detailed Process to Register a Company Online.
Online Company Registration process is governed by the Ministry of Corporate Affairs with certain rules and regulations in accordance with law. You just have to provide the required documents/details for company registration to our expert team. Our expert team will take care of whole company registration process.
Steps for Online Company Registration in India:-
1
Apply for Digital Signature Certificate (DSC)
2
Application for Directors Identification Number (DIN)
3
RUN (Reserve Unique Name)
4
Drafting of the E-MOA and E-AOA
5
Application for PAN and TAN
6
Certificate issued by ROC with PAN and TAN.
7
Bank Account Opening Support
8
Get your Company Registration Kit
HELP & FAQs
Yes, for reserving company name online, you can avail RUN (Reserve Unique Name) service at MCA portal.
The validity of approved name is
In case of
NOTE:-
Every company should have at least one Director who stays in India for a minimum 182 days during Financial Year.
The minimum capital requirement at the time of registration is
It is recommended to have share capital sufficient enough to fuel the company for its initial stage.
There are three factors considered while applying for a company name—
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