PUBLIC LIMITED

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​

Limited Liabilities for The Shareholders of The Company

Shareholders of the public company enjoy the benefits of limited liabilities under which their assets are safe and cannot be used to clear the debts and losses of the company. Despite of it, the shareholders are responsible for their own legal offenses. All the members, directors and shareholders enjoy this right and their assets cannot be seized by any bank, creditors, or government bodies.

Perpetual Succession

A public limited company is considered as a corporate body that has perpetual succession. Means in case of death, retirement, insanity, and insolvency of one or more members/ shareholder/ directors, the company continue its existence.

Improved Capital of The Company

In a public limited company, the public is invited to buy the shares of the company. Hence, anyone can invest in a public company that improves the capital of the proposed company.

Borrowing Capacity

One of the biggest benefits is that a public company can enjoy unlimited sources for borrowing funds. It can issue equity, debentures and can accept the deposits from the public by selling its shares. Moreover, most of the financial institutions find public companies more prominent than other unregistered companies.

Fewer Risks

Since public companies can sell their shares to the public, it lesser the scope of unsystematic risks of the market.

Better Opportunities for Growth & Expansion of The Company:

Fewer risks lead to better opportunities so that the company can grow and expand by investing in new projects from the funds raised by selling its shares in the market.

  1. Identity Proof - Aadhar card, PAN card, Driving License, Voter Id of all the designated directors & shareholders. 
  2. Address Proof of all the proposed directors and shareholder of the company.
  3. PAN card details of all the directors and shareholders
  4. Utility bill - Telephone, gas, electricity bill of the registered office as a proof of the business place. It should not be older than 2 months. 
  5. No Objection Certificate from the landlord of the business place. 
  6. Directors Identification Number of all the designated directors
  7. Digital Signature Certificate of the designated directors
  8. Memorandum of Association (MOA) and Article of Association (AOA)

Directors

According to the provisions of the Companies Act, 2013 to start a public limited company, minimum 3 directors are required & there is no restriction on the maximum number of directors. 

Limited Liability

The liability of each shareholder is limited. In other words, a shareholder of a public limited company is not personally responsible for any loss or debts of the company for any amount greater than the amount invested by them; contrary to partnerships and sole proprietorships, where the partners and business owners are jointly and severally liable for the debts of the business. 

Paid up capital

A public limited company need to have a minimum paid-up capital of Rs 5 lakh or such higher amount as described under the act.

Prospectus

Prospectus of the company is mandatory for the public limited companies, issued by the proposed company for its public. It is a note of comprehensive statements of works and affairs of the company. However private companies have no such compliances as they do not have rights to invite the public for their shares.

Name of The Company

All the Public limited companies need to add “Limited” word at the end of their name. It is stands for an identity of a public company.

The Process of Company Incorporation generally takes 1-2 working days. The extra time taken, if any for incorporation will depend on relevant documents submission by the client & speed of Government Approvals.

The Public Limited Company Registration process is completely online though CA Mantra, so you do not even have to leave your home to get your entity registered. 

We will assist you in these ways: -

  1. Allotment of DIN and Obtain DSC for all Directors
  2. Drafting of MOA & AOA
  3. Guiding and Suggesting in the selection of the name.
  4. Filing of registration related documents with RoC
  5. Obtain Company Incorporation Certificate
  6. Company PAN and TAN, ESI and PF numbers

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 STRENGTH LIES IN PROVIDING REAL WORLD PRACTICAL SOLUTIONS

STRICT
TIMELINE

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!

MINIMUM
COST

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.

ONE STOP
SOLUTION

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.

TRUST & RELIABILITY

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.

Don't believe us? See our Google ratings!

SAM GETSUGA
SAM GETSUGA
2020-09-06
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AVS and associates is extremely professional. They take care of all The things abiding by law and integrity whether it’s a tax management or company registration. They have registered a company and took care of the taxes without me breaking a sweat, they took care of everything proactively. I’m extremely satisfied and would recommend to anyone and everyone.
Kavita Sharma
Kavita Sharma
2020-09-02
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AVS and associates is a very professional team. They handle all things abiding by law and takes out your burden of tax management , assets and all very very precisely up to the point. It’s great working with the team.
Laxmi Kant Thakur
Laxmi Kant Thakur
2020-08-28
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Chrishans Media
Chrishans Media
2020-03-03
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Hitesh Gurditta
Hitesh Gurditta
2020-03-01
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DR V K Arora
DR V K Arora
2020-09-06
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AVS & Associates is a reliable CA firm of Delhi NCR. My company Management Associates Private Limited is taking their services from last ten years. Shri. V K Agrawal of AVS & Associates is knowledgeable, friendly and honest person.
Andrew Samta
Andrew Samta
2020-09-02
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had a nice experience with AVS. was in a urgent need of some income tax related docs and these guys helped out in really quick time. thanks, and would recommend anyone planning to avail their services....
chiranjibi shah
chiranjibi shah
2020-02-29
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A wonderful experience with the team for the easy way out solutions of taxation and related matters...Thanks
Amitabh Kulshreshtha
Amitabh Kulshreshtha
2020-09-02
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I appreciate the fastest way of services by AVS. Till now we got registered around 6 group companies,(Limited, Private Limited and LLP). Their Teams approach to deal with us was something I liked most. Special mention to Mr. Rahul and Ms. Neha. Guys, frankly speaking initially i was in doubt whether to trust these people or not? but once spoke and saw the way they handled my companies formation work, they ended up forming our all group companies and now handling the regular Accounting, Taxation, GST etc... If you are searching for a CA for all your needs, i suggest you may pick these guys and can assign one task before you make any opinions. BTW, we are availing their services since last 3 years. Thanks!
Kavita Sharma
Kavita Sharma
2020-09-02
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AVS and associates is a very professional team. They handle all things abiding by law and takes out your burden of tax management , assets and all very very precisely up to the point. It’s great working with the team.
Saurabh Verma
Saurabh Verma
2020-02-29
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I used their services for capital gain calculation and on many other factors to sell my flat in Noida while I'm here in Australia. Mr Vishnu is the man you need. Very professional, prompt replies and went an extra mile to do the job. Highly recommended.
Raj Malhotra
Raj Malhotra
2020-02-29
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Some highly talented group of indivisuals who do really care for customer satisfaction
Thefairyforce
Thefairyforce
2020-02-29
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I'm very satisfied with the service here. They have a very good behavior towards us and they listen to our problems closely and give the best solution. If you're starting up or running a business already I would recommend you to come here they are awesome!
Arpit Mathur
Arpit Mathur
2020-02-29
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There is environment and relation of every employee is very good. Management and discipline is very tough.
Singh Robin
Singh Robin
2020-02-29
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Highly Professional team. Really appreciate the way team coordinated & made everything easy for me. Thank you & wish you all the very best. Cheers.
ezam zaidi
ezam zaidi
2020-02-29
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Have been very cooperative. Proactive with every step. The team was patient and they made sure the entire process flow was smooth.
Manish Sharma
Manish Sharma
2020-02-29
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I got my company registered with avs. I am happy with their services and it was done quickly and in cost effective manner. Recommend anyone want to avail their services.
Pranav Tripathi
Pranav Tripathi
2020-02-29
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Vishnu ji has been with our company for the past 10 years with many different companies . Soft spoken, humble and a thorough professional.
Kishore Kundan
Kishore Kundan
2020-02-29
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Very fast service with cost effective..Agarwal sir behavior is very supportive.. I will suggest all to take services from AVS..
Sushil Kumar Raj
Sushil Kumar Raj
2020-02-29
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I would say they are the best for new company and start ups, the way they deal with person who do not have any idea about setting up of new company is remarkable....