According to Company Act 2013, a Public Limited Company is a company that has limited liability & offers shares to the general public. It is stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market. Having all the rights of a corporate entity with limited liabilities it is an ideal choice for the small and medium scale enterprises who wish to raise the equity capital from the public. It can be incorporated with a minimum number of three directors and has more stringent rules and regulations as compared to a private limited Company. It must have a minimum number of seven members whereas there is no limit for the maximum number of members. It provides all the profits of a Public limited company with more transparency & easy transferability of ownership and shareholding.
Frequently Asked Questions
6 Steps to Register Public Limited Company
The first step is, you need to apply for the Digital Signature Certificate(DSC) for all the proposed directors in the company. DSC is used to sign the e-forms and is an authentic and safe method to file all the documents on an electronic platform. It is a mandatory document. It takes only 1 working day to obtain a DSC.
Ministry of Corporate Affairs has simplified the DIN procedure, as an applicant can apply for it through the SPICe+ form and do not require filing any other form. It is mandatory for all the directors of the company to apply for their Director’s Identification Number.
The third step involves name registration of the company. The company name should unique and not be taken or registered to another brand name.
Once the company’s name has been approved you can now file the SPICe+ form to avail the company incorporation certificate. Along with it, you need to file all the required documents such as MOA (Memorandum of Association) and AOA (Article of Association). All the documents and applications are further verified by the higher authorities.
After the applications and document to have been received to the authorities & they have verified it, the company would receive the Certificate of Incorporation which will include CIN and date of incorporation.
Once you have got the Certificate of Incorporation, now you get PAN & TAN and ESI and PF numbers along with COI under the new process. With the help of PAN card and Certificate of Incorporation, you can easily open a bank account at your Company’s name.
Why Select Us?
Our foremost priority is to provide Instant Support and are always very particular on adherence of timely delivery so that you don’t miss out on deadline. We have worked with some most time strict clients and we have never missed our target. Our one thumb rule says that “If we miss a deadline we are out”. Accounts and Finance function need always alert eagle eye approach!
Our prices are most reasonable and under budget that you never realize any cost burden in your organization in comparison of value addition we bring in. We believe in adoption of your business first and fee shall take care of itself mantra. We never bill for disappointment and take ownership. It is how we like to be treated and that is how our customers are served.
We at AVS & Associates only recruit experienced, skilled professionals who have proven expertise in their field. With a diverse Team of Chartered Accountants, Company Secretaries, Lawyers, and various other consultants on board, we offer end to end financial and legal service under one roof saving time and energy and bring synergy effect between various functions.
Having over 20+ years experience in the leadership team ensure we maintain highest ethical standards and never go out of trust with you. We always believe in long term relationship with our clients hence integrity is something we value the most. We ensure transparency in communication, service and cost. Our specialized experts helps in maintaining high quality.