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Business Registration - Public Limited Company

PACKAGES

Basic

This package includes:

3 DSC and 3 DIN.

Drafting of MOA and AOA.

Name approval.

PAN and TAN .

GST registration.

PF and ESI enrolment.

Incorporation fee (Authorized capital limit of 15 lakh.)



Rs. 23899
+18% GST applicable

Standard

This package includes:

3 DSC and 3 DIN.

Drafting of MOA and AOA.

Name approval.

PAN and TAN.

GST registration.

PF and ESI enrolment.

Incorporation fee (Authorized capital limit of 15 lakh.)

One year TDS return filing. 


Rs. 28899
+18% GST applicable

Premium

This package includes:

3 DSC and 3 DIN.

Drafting MOA and AOA.

Name approval.

PAN and TAN.

GST Registration

PF and ESI enrolment

Incorporation fee (Authorized capital limit of 15 lakh.)

One year TDS return filing.

Trademark filing.


Rs. 36899
+18% GST applicable

Public limited company

Public Limited Company is the ideal preference of corporate entity for large and medium sized businesses that intend to raise capital from the public. Eazy Startup offers limited company registration from Rs.23899/-

A Public Limited Company provides limited liability to its management and owners. Being a Public Company will allow a firm to sell shares to investors which is advantageous in raising capital. A minimum of three directors are required in establishing a Public Limited Company. In comparison to Private Limited Company, Public limited company has several more stringent regulatory requirements with most of the features of a Private Limited Company. Public Limited Companies are the type of companies where there is no limit for capacity for maximum number of members however the minimum number of members is seven. Identifying marks of a Public Limited Company are number of members, shares, name, management, number, formation, meetings, directors, etc., A Public Limited Company has all the benefits of Private Limited Company and ability to have any number of members, more transparency and ease in transfer of shareholding.

ADVANTAGES

Separate Legal Entity

A company is an authorized person and a legal unit established under the Act. Hence, a company form of organization has a range of legal abilities including owning of property and also incurring of liability. Creditors of a company will not have any liability from the members (Shareholders/Directors) of a company for debts incurred by the company.

Easy Transferability

A company has limited number of shares, which are transferable to any other person from a shareholder. Signing a share transfer form, filing and handing over the buyer of shares along with share certificate can transfer shares easily.

Owning Property

Shareholders cannot make a claim upon the property of a company as far as the company is an ongoing consent. A company being an authorized person can own, obtain, sell and enjoy property, on its own name.

Uninterrupted Existence

A company being a separate legal person, is unaltered by the departure or demise of any member but will continue to exist regardless of the modifications in the membership. A company has ‘perpetual succession’ which means, it remains to be in constant existence until it is legally dissolved.

Borrowing Capacity

Financial Institutions and Banks prefer to provide substantial financial assistance to a company rather than proprietary concerns or partnership firms. A company can issue debentures - unsecured as well as secured, and also accept deposits from the public, et., A company enjoys better avenues for borrowing of funds.

PROCESS

Obtaining DSC & DIN

Director Identification Number (DIN) AND Digital Signature Certificate (DSC) can be acquired for the proposed Directors within 2-3 days. The proposed Directors of Public Limited Company will require DSC and DIN to register for a Public Limited Company.

Name Approval

Subject to availability, name approval, naming guidelines and MCA processing time, Name approval can be acquired in 2-3 days. A maximum of six proposed names and a minimum of one must be submitted to the MCA for approval.

Company Incorporation

In general, MCA will approve the application of incorporation in 2 - 3 days, subject to their processing time. Documents of Incorporation can be submitted to MCA along with an application for Incorporation.



FAQ'S

Q: Minimum number of members to start Public Limited Company

A: A minimum of 7 members are required as shareholders and minimum 3 directors are required. 

Q: What is the capital required to start a Public limited company?

A: There is no limit or minimum required capital for Public limited company and can start with any amount of capital. On the other hand, there is a requirement to pay stamp duty fee over the amount of authorized capital  to the government. 

Q: Documents required for getting registered for Public limited company.

A: Identity and address proof along with photograph of all the directors, subscribers of MOA and address proof of office from where the registerd company  is going to operate. 

Q: What are the statutory compliances required for the public limited company?

A: Board meeting should be conducted at least once in a a quarter and annual general meetings should be carried out at least once in every year.

Q: How long does it take to get registered for Public limited company?

A: We at Eazy Start-up will help you to complete the registration process within 15 - 17 days.

Q: Can NRI’s or foreigners register and invest in companies in India?

A: Yes, foreigners or NRIs can register public limited company and also can be a part of board of directors and also can hold the shares (subject to FDI Guidelines). But it is mandatory that at least one of the directors should be a resident of India. 

Q: What are the FDI guidelines for foreigners in a limited company?

A: Under the automatic route, many industries allows 100% FDI in India, where only post investment filings is compulsory indicating the nature of investments made with RBI. In certain industries, prior approval should be taken from RBI before investing.