Public Limited Company Registration in India
Setting up a business in India often involves choosing a public limited company as a preferred option. This structure offers shareholders limited liability protection while placing specific ownership constraints. In contrast, in the case of an LLP, partners oversee the management.
public limited company registration allows for a clear distinction between directors and shareholders.
What is a public limited company?
A Public Limited Company (PLC) is a business structure in India that allows companies to raise capital from the public by issuing shares. With limited liability for shareholders and the ability to be listed on stock exchanges, a PLC is ideal for businesses aiming for large-scale growth.
Requirements for Registering a Company in India:
A minimum of two directors and 200 members are required for public Limited Company Registration in India, as per the Companies Act of 2013.
When selecting a name for a public limited company registration in India, two factors must be considered: The name should reflect the principal activity of the business.
After the company registration process, the company must provide the permanent address of its registered office to the company registrar. Business operations occur in this office, and all relevant company documentation is maintained.
Documents Required
The following documents are required for Registering a Company in India:
- Self-attested PAN card copy
- Passport-sized photo
- Aadhaar Card
- Proof of identity
- Address proof
- Distinct Legal Identity:
- Limited Liability:
- Continuous Existence:
- Compliance Burden:
- Complex Setup:
- Share Limits:
Advantages
A public Limited Company possesses an independent legal identity distinct from its proprietors.
Shareholders' responsibility is restricted to the extent of their capital contribution, safeguarding personal assets from the company's financial obligations and liabilities.
The company's existence persists irrespective of shifts in shareholders or directors
Disadvantages
Face regulatory demands, including financial reporting, filings, and audits.
Process and cost for managing are higher than more superficial structures.
Restricted share transfers; max 200 shareholders in India.
Streamline Partnership Firm Registration with Kritika Gupta and Associates
Kritika Gupta and Associates specializes in public limited Company Registration services in India, providing comprehensive guidance and support throughout the registration process.
Compiling the necessary documentation for company registration in India can be overwhelming, but our experts will handle this task efficiently.
We will guide you in assembling all required documents, ensuring accuracy and compliance. We'll conduct a name availability search and facilitate the reservation of your chosen name, reflecting your business identity.