Public Limited Company Registration: A Detailed Guide - Enterslice

ENTERSLICE FINTECH

PUBLIC LIMITED COMPANY An Enterslice's How to Do Guide

A Public Limited Company has more credibility and transparency in business than a private limited company. Public limited company has high financial exposure to source capital from the Public as Equity or debenture or deposit. A public limited company can register with a minimum of three Directors, and Public limited company always preferred if you have a broad vision from startup to IPO.

A public limited company has all the advantages of the Private limited company and the ability to have the unlimited number of members; shares can be quickly sold or and offer more transparency for shareholder lenders, creditors, and bankers

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WHAT IS PUBLIC LIMITED COMPANY REGISTRATION?

PACKAGE INCLUSIONS

DSC AND DIRECTOR IDENTIFICATION NUMBER (DIN)

COMPANY NAME RESERVATION

ARTICLES OF ASSOCIATION (AOA) AND MEMORANDUM OF ASSOCIATION (MOA)

CORPORATE IDENTIFICATION NUMBER (CIN)

LIMITED LIABILITY Liability of Members and Directors of the public limited company is limited to their shares. It means that if the company suffers from any loss and faces financial distress because of primary business activity, the personal assets of shareholders / Members / Directors will not be at risk of being seized by banks, creditors, and government.

CONTINUITY OF EXISTENCE The life of a business is not affected by the status of shareholders, and even after the death of the shareholder Public limited company continues to exist.

BORROWING CAPACITY A Public limited company enjoys unlimited source for the borrowing of funds. The public limited company can issue debentures, equity and can also accept deposits from the public. Financial institution even prefers to render financial assistance to large public limited

ADVANTAGE OF PLC REGISTRATIO N

PUBLIC LIMITED COMPANY REGISTRATION PROCESS

Digital Signature Certificate (DSC) All Propose directors of the company should have a digital signature, and digital signature will use to file the registration forms, ROC compliance E-forms, and Tax returns.

Director Identification Number (DIN) You will get an approval email from the Registrar of companies that you are now eligible to be a director of a company.

Company Name approval

Final Incorporation and CIN

After a Trademark search, we will proceed to file a Name Approval form to ROC on your behalf.

After Name approval from the Registrar of Companies, we will file final incorporation form to the Registrar of Companies.

PAN Then we will file PAN Application.

DOCUMENTS REQUIRMENTS

PAN CARD

PAN Card or Passport or Election ID Card

BANK RECORD

Latest Bank Statement/Telephone or Mobile Bill

ID PROOF

Voter's ID/Passport/Driver's License

Passport-sized photograph of all directors and shareholder

Scan copy of Signature (signature should same as on PAN Card)

PHOTO

SIGNACTURE

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