Public Limited Company Registration
With growing globalization, there are various forms of corporate functioning in India. Among them, Public Limited Company is the best in terms of security and raising funds for its startup.
In India, any new company is recognized by the government of India Act only if it gets registered under the New Companies Act 2013 of India.
Following are some perks for registration of a Public Limited Company:
- It is easy to issue share to the public.
- It is easy to raise large funds.
- The scope for business growth is high.
- The workload can be distributed efficiently.
Public Limited Company Registration Process
Following are the steps and set of rules which are involved in getting a company registered under the New Companies Act, 2013 -
- First and the foremost thing required for starting a Public Limited Company is 7 shareholders and 3 directors.
- An initial capital of Rupees 5 lakh is required for starting the company.
- Then, you have to get a Digital Signature Certification for any one of the directors of the company. For this, you need to submit an application with an address and identity proof (self-attested) to the concerned authority.
- Then, you have to attain a DIN or Director Identification number. For this, you need to submit personal details of all the directors of the company.
- Next, you have to prepare an application where you have to state the main objective of the company and its name as well. This should get an approval from the Registrar office.
- Now, collect all the applications mentioned above, attach all the necessary documents such as Memorandum and Articles of Association, duly filled form DIR-12, Form INC-22, and Form INC- 7. All this need to be thoroughly checked and submitted to the Registrar of Ministry of Corporate Affairs. And this completes the work on your part.
Try to be updated about any kind amendment which takes place with New Companies Act, 2013 because all those amended rules are to be implemented by your company as well.