Introduction of Public Limited Company

Public Limited Company is the most popular form of business entity.To incorporate a public limited company, a minimum of seven shareholders and a maximum of unlimited shareholders are allowed in a public limited company. Choose Public limited company because • Limited Liability • More capital can be raised as there are more number of Shareholders • Free & Easy transferability of shares • Separate Legal Entity • Separate legal entity • Tax exemptions

Documents Required for the Public Limited Company Registration

1. Copy of PAN Card of all directors and Shareholders 2. Passport size photograph of directors 3. Copy of Aadhar Card/ Voter identity card of directors 4. Copy of Rent agreement (If rented property) 5. Electricity/ Water bill (Business Place) 6. Copy of Property papers(If owned property) 7. Landlord NOC (Format will be provided)

How to Register a Public Limited Company Online

With basic identity documents, you can register your Public limited company. We help you register a Public limited company in 4 simple steps. Step 1:-Fill the form and attach the scan copy of your documents. Step 2:- Our team will verify all the information and documents provided by you. Step 3:- Then we will start the registration process after verifying the authenticity of the documents. Step 4:- Once your company is incorporated, we will intimate you .

FAQ’s On Public Limited Company

How Many shareholders are required to form a company?

Minimum 7 shareholders are require and there is no limit of maximum shareholder of member.

Is an office required for starting a Public Limited Company?

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

What is the difference between Authorised capital and paid up capital?

The Authorized capital is the maximum amount of share capital that a company can issue shares to the shareholders. Where as the paid up capital is the amount of money received from the shareholders for the shares allotted to them.

Can a Foreign National or an NRI be a Director in a Public Limited Company?

Yes, a Foreign National or an NRI can be a Director in a Public Limited Company in India after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident India.

Do you have to be present in person to incorporate a Public Limited Company?

No, you will not have to be present in India for registering of a Public Limited Company.

When a GST Registration Liability arise in the Public Limited Company?

When a turnover of the sole proprietorship is more then 40 Lacs or 20 lacs for  States and Union Territory or as the case for trading then require to get registration and turnover for Special Category States more then 20 lacs or 10 lacs as the case for service provider is require to get registration.

Can a proprietorship business can be converted into a public limited company?

Yes, a proprietorship business can be converted into a public limited company.

Why Easymantax?

Easymantax offers the best services to individuals, businesses, organizations across India. We have the best team of business advisors & professionals in India.

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