5 SIMPLE STEPS to Register Public Limited Company
1 Arrange basic documents of Directors
2 BMC will apply for DSC (Digital Signature) of Directors
3 BMC will Prepare MOA, AOA & other Legal documents
4 BMC will File INC 29 or Incorporation Docs with ROC
5 Get your Company Incorporation Certificate
ADVANTAGES & BENEFITS Why to Register Public Limited Company
Limited Liability Protection to Directors personal assets
Many times business need to borrow money and take high investment decisions. Public Ltd. Company is the best option for entrepreneurs with larger investment requirements. In case of normal Partnerships, Partners personal savings and property would be at risk incase business is not able to repay its loans or business goes into loss. In a Public limited company, only investment in shares of the business is lost, personal assets of the directors are safe.
Better image and credibility in Market
Public limited company is popular and well known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Public Limited Company instead of proprietorship or normal partnerships.
Easy to raise funds and loans
Public Limited company can list itself in various stock exchanges in India and raise capital from stock market. Limited company also enjoys wide options to raise funds through bank loans, general public and Institutional investors.
Favorite Business structure for Investors
Investors love to invest in Public Limited companies as it is well structured and transparent business structure.
Easy Transfer of shares
Most important it is very easy to exit from a Public limited company, only shares of the company need to be handed over to the purchaser along with the signed share transfer forms.
Most Suitable for Heavy Investment
Public Company is the best choice for businesses involving heavy investment.
MINIMUM REQUIREMENTS for Public Company Registration
1 Minimum 7 Shareholders
2 Minimum 3 Directors
3 The directors and shareholders can be same person
4 One of the Directors must be Indian Resident
5 Minimum Authorised Share Capital Rs. 500,000 (INR One Lac)
6 DIN (Director Identification Number) for all Directors
7 DSC (Digital Signature Certificate) for two of the Directors
WHAT ALL YOU GET with Company Registration
1 DIN for 2 Directors
2 Digital Signature Token for 1 Director
3 Company Name Approval
4 MOA + AOA
5 Incorporation Certificate
6 New Incorporation Kit
7 Customized Incorporation Master File
8 Company PAN Card
9 Company TAN/TDS Number
10 Bank Account Opening Document Support
11 Domain Name for 1 year + Web Hosting + 50 Email Ids for 1 year OR
12 QuickBooks Online Accounting Software for 1 year