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Public Limited Company
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Public limited company registration with 8 DSC, 3 DIN, 1 RUN Name Approval, 10 lakh authorized capital, incorporation fee, stamp duty*, MOA, AOA, incorporation certificate, PAN, TAN, GST registration, business bank account opening, hard-copy share certificates, 50+ document formats, incorporation kit and LEDGERS accounting software for providing estimates, invoices, tracking purchases, filing GST returns and generating GST eWay bill. Inclusive of government fees and taxes.
Basic
- Company Registration
- Share certificates
- 3 DIN
- 10 lakh authorized capital
- GST Registration
- 8 Digital Signatures
- 1 RUN Name Approval
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Market Price: ₹5,899
Bmcs: ₹2899 All Inclusive
₹2457 + ₹442 GST
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Government Fee: Included
Public Limited Company Registration
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Procedure for Obtaining Public Limited Company Registration
Step 1: Fulfill Legal Requirements
Ensure compliance with legal requirements, including the number of directors, shareholders, and the minimum paid-up share capital. The subsequent registration steps hinge on the completion of this initial requirement.
Step 2: Obtain DSC and DIN for Directors
Procure a Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the company directors. Only natural persons, not entities like LLPs or financial institutions, can be directors. The director is not obligated to be a shareholder of the company.
Step 3: Register the Company’s Address
Have a proper registered office address for the company. Register this address with the Registrar of Companies (ROC) under whose jurisdiction the office falls. The registration fee is contingent on the authorized capital of the company.
Step 4: Name Approval from ROC
Before proceeding with registration, the company’s name must be approved by the ROC. For a Public Limited Company, the name must conclude with the word “Limited.” Submit the name application in the RUN form of the Ministry of Corporate Affairs, providing a list of names in order of preference.
Step 5: Execute MoA and AoA
Once the company name is approved, crucial documents, such as the Memorandum of Association (MoA) and Articles of Association (AoA), need to be executed.
Step 6: Document Submission to ROC
Submit the prepared documents to the ROC for verification.
Step 7: Company Registration and Certificate Issuance
Upon successful verification, the ROC registers the company and issues the incorporation certificate along with the Corporate Identification Number (CIN) for the Company.
Step 8: Apply for Certificate of Commencement
After receiving the Certificate of Incorporation (COI), the business must apply for a Certificate of Commencement within 180 days. This application confirms that all subscribers have paid the subscription money before initiating business operations.
Requirements for registering a Public Limited Company
Some various rules and regulations are prescribed under the Companies Act,2013 for the formation of a Public Limited Company in Inia. Here is a checklist one should know of while registering a Public Limited Company:
- Minimum 7 shareholders are required to form a Public Limited Company.
- A minimum of 3 Directors is required to form a Public Limited Company.
- A minimum share capital of Rs.5 lakh is required.
- DSC of one of the Directors is needed when the self-attested identity copies and address proof are submitted.
- DIN for the Directors is necessary.
- Application is to be made for the selection of the Name of the Company.
- The application is submitted to the ROC along with the necessary documents like MOA, AOA, a duly fille form DIR-12, Form INC 7, and Form INC -22 is needed.
- An application that comprises the main object clause of the company is made. This object clause will define the main objectives of a Company after the incorporation.
- Payment of the registration fees that are prescribed by the ROC.
Benefits of registering a Public Limited Company in India
- Here are the advantages of registering as a Public Limited Company:
- Separate Legal entity: A public limited Company is considered to be a separate legal entity from the shareholders. The public limited company has a perpetual existence and can have its PAN, bank account, approvals, contracts, licenses, assets, and liabilities.
- Multiple avenues of funding: A public limited company raises funds from individuals as well as from financial institutions. The funds may be also raised in equity shareholding, preference shareholding, or debentures.
- Easy transferability of shares: It is one of the biggest advantages of a Public Limited Company, the shares can be easily transferred by a shareholder to other legal entities- be it an individual or an organization in India or abroad. The director of the company can also be changed for ensuring the business perpetuity.
- Limited Liability: The shareholders of a Public Limited Company are given limited liability protection. In a situation of unexpected liability, the same would be limited only to the company and the not affect the shareholders in any way.
- Growth opportunities: As the organization has a vast capital base the development openings are likewise huge, particularly in the event of an open constrained organization.
- Management: The organization is controlled by the Board of Directors. This Board of Directors is elected by the investors.
Annual Compliances for a Public Limited Company
Unlisted Company
- Board Meetings: An unlisted Public Limited Company is required to hold at least 4 board meetings in compliance with Section 173 of the Companies Act,2013.
- Appointment of a Cost Auditor: The auditor is required to be appointed as per Section 148(3) along with Rule 6(2) and Rule 6(3A) of the Companies Rules,2014. For this form, CRA 2 is to be filed. It is pertinent to mention that the original appointment of the auditor should be done within 30 days of the Board meeting or 180 days of the financial year, whichever is earlier. When a casual vacancy arises the same is to be filed within 30 days.
- Return of Deposits: Returns of deposits have to be filed with the ROC under whose jurisdiction the company falls via Form DPT 3 in compliance with rule 16 of the Companies (Acceptance of Deposit) Rules,2014.
- Appointment of CFO or CS or CEO: Section 203 read with Rule 8 and Rule 8A of the Companies Rules,2014 requires the appointment of the CFO or CS or CEO within 30 days of the AGM or 6 months in case of the casual vacancy. Form MGT 14 or Form DIR 12 are filed.
- Annual General Meeting: AGM for the declaration of the dividend has to be conducted in compliance with Section 96 of the Companies Act, 2013.
- CSR Committee: CSR Committee has to hold four meetings with a gap of not less than 120 days between the two meetings held for discussion and approval of the CSR activities. This is done under the Companies Act,2013 read with Companies Rule,2014 and Secretarial Standard.
- Director’s Disclosure: Directors are required to disclose any financial interest in the Company via Form MBP 1 in compliance with Section 184(1) of the Companies Act,2013 read with Rule 9(1) of the Companies (Meetings of Board and its Powers) Rules,2014.
Listed Company
- Annual General Meeting: Annual General Meeting has to be held following Section 121(1) of the Companies Act, 2013. Form MGT-15 has to be filed once the AGM has been conducted
- Financial Statements: The Financial Statements of the Company have to file as per Section 137 of the Companies Act,2013, read with Rule 12(2) of the Companies (Accounts) Rule,2014. The Financial statement consists of the balance sheets, cash flows statements, Director's statement, Director's report, Auditor's report, and the combined financial state, meaning which is prepared in XRBL (Extensible business reporting system). This is filed via Form AOC 4
- Annual Return: This has to be filed following Section 92 of the Companies Act.2013 read with the Rule 11(1) of the Companies (Management and Administration) Rules,2014. The Annual return contains the information about the directors and shareholders and is required to be filed in Form MGT7 with the relevant ROC.
- Financial and Director’s Report: Adoption to the financial and director's report is to be done in consonance with Section 173 of the Companies Act read with the Secretarial standard 1. The filing is done via form MGT 14.
- Income Tax Returns: This is to be filed with the Tax department in form ITR 6 on or before September 30th of the financial year
- Secretarial Audit Report: Submission of the Secretarial report is a requirement under Section 204 of the Companies Act,2013 read with Rule 9 of the Companies Rules,2014. The secretarial report has to be submitted only when the Company's total paid-up capital is equal to or crosses Rs. 50 crores or the annual turnover is equal to or exceeds INR 50 crores or the annual turnover is exceeding Rs.250 crores. This filing did via Form MR 3
Frequently Asked Questions
BMCS India offers comprehensive business consultancy services, including strategy development, market research and analysis, financial advisory, operational optimization, and organizational transformation. We provide customized solutions to help businesses address challenges and achieve their growth objectives.
BMCS is the top most business management consultant all around the world. Our team of experienced consultants leverages industry knowledge, market insights, and proven methodologies to provide tailored solutions that align with your business goals. Whether you need assistance with market entry, strategic planning, process optimization, or talent management, we collaborate closely with you to understand your unique needs
BMCS India has expertise across various industries, including but not limited to technology, healthcare, manufacturing, retail, finance, and hospitality. Our consultants have worked with diverse clients, enabling us to understand industry-specific challenges and devise strategies that meet your sector's requirements.
To engage our services, you can reach out to us through our contact form, email, or phone. Our team will schedule an initial consultation to discuss your business objectives, challenges, and requirements. Following this consultation, we will provide a tailored proposal outlining the scope of work, deliverables, timeline, and pricing for your approval.
Absolutely! We work with businesses of all sizes, ranging from startups and small enterprises to multinational corporations. Our services are flexible and customizable to meet your specific needs, ensuring that you receive the level of support required to achieve your business objectives, irrespective of your company's size.
At BMCS India, we understand the importance of client confidentiality. We adhere to strict data protection protocols and maintain the highest level of confidentiality. Our consultants sign non-disclosure agreements, and we have robust internal systems in place to safeguard client information. Rest assured, your sensitive data is handled with the utmost care and confidentiality.
Yes, we can help your business expand internationally. Our team has experience and expertise in supporting companies with market entry strategies, feasibility studies, partner identification, and localization strategies in various global markets. We leverage our network of international partners to provide you with valuable insights and guidance throughout the expansion process.
To get started with BMCS India, simply reach out to us through our contact information on our website. We will be glad to schedule an initial consultation to understand your business requirements and discuss how our services can benefit you. From there, we will work together to develop a tailored plan to drive your business success.