Public Limited Company Registration
What is Public Limited Company Registration?
A public limited company mainly allows limited liability to all the proprietors and the management team. In the case of a public limited company, a company can sell the shares to the investors, who are considered a beneficial act in raising the capital for the company. A minimum of 3 directors and 7 members are required to establish a public limited company, and there is no cap on the maximum number of members. Additionally, it has strict regulatory requirements compared to a private limited company.
A public limited company is a different company but has similar characteristics to a private limited company. If you want to go for a public limited registration company in Delhi, India, then you should connect with our team of experts as they are well trained in the registration process and can make things seamless for you. There are several benefits of starting a public limited company, and some of them are mentioned here.
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The Public Limited Company Registration Process
- Firstly you need to apply for the company name reservation.
- Apply for the digital signature certificate of the director.
- Get the director identification number.
- Get approval from other authorities.
- Submit all the documents needed.
- A minimum of 7 directors are required to register the public limited company.
- Apply for the PAN and TAN of the company and decide on the registration form.
- After you get the PAN and TAN of your company, you can get the certificate of incorporation of a public limited company, and you are good to start functioning of the company.
- For the smooth functioning of the company, it is required to open a bank account in the name of the company.
Advantages of a Public Limited Company
Limited liability to the directors
Several times business needs to borrow money and make high investment decisions, but in the case of public limited companies, personal savings and properties are not at risk.
Better credibility in the market
Public limited companies have good credit as the owners, and investors have limited liability and also government agencies deal with these companies that make it safe for you.
Growth and expansion
A public limited company has great scope of growth and expansion that makes it suitable for young minds
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Documents required for Public Limited Company Registration
The documents required to register the sole proprietorship are as follows
Pan Card
You Need To Submit The Pan Card Of The Partners, And If They Are Foreign Nationals, Then Up Valid Passport Should Be Submitted.
Photographs
The Latest Photographs Of All The Partners Should Be Submitted.
Identity Proof
Aadhar Card And Voter ID Card, Besides The Driving License Of The Partners, Should Be Submitted.
Address Proof Of The Partner
The Latest Telephone Bill, Electricity Bill, Or Bank Account Statement Of The Partners Should Be Submitted.
Business Address Proof
The Latest Telephone Or Electricity Bill Of The Registered Office Address Must Be Submitted For Public Limited Company Registration.
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