A Public limited company is a basically large scale of the business that can be incorporated with minimum 7 shareholders and 3 Directors.
A Public limited company is a basically large scale of the business that can be incorporated with minimum 7 shareholders and 3 Directors. Public limited company enjoys to the benefits like ease of transferability, limited liability, borrowing capacity and perpetual existence. A Public limited company must be have minimum of 7 members, the liability to the members is a limited the amount, if any, unpaid shares held by them. Due to its distinct nature, it can raise large amount of fund from public.
Self attested copy of PAN Card
Latest Bank Statement/Telephone or Mobile Bill/Electricity / Gas Bill (Any One and not older than 2 month)
Scanned passport-sized photograph
Sale Agreement and one Utility Bill or NOC from Owner
Minimum 3 Director Required
Minimum 7 Shareholders Required
Director and Shareholder can be the person
Minimum Share capital is Rs. 5 Lacs
Company is registered under companies act 2013 and consider as separate legal entity and run under companies act provision and rules made there under.
The following documets are required for director amd shareholders.
For Id prof - Following are the 3 documets are accepted as Id Prof.-- Voter ID /Passport Copy/Driving Licence
Registered office is the address which are registered with concerned ROC and it can be happened in commercial as well as residential premises also and documents required for that is-
NOC From Owner
Yes, NRI or any foreign national can become a director in a public limited company subject to atleast one director should be Resident of India.
Copy of Passport should be attested by Consulate of Indian Embassy or Foreign Public Notary.
Copy of Bank Statement or Electricity Bills copy or Any Property Tax Payment Receipt which is attested by Consulate of Indian Embassy or Foreign Public Notary.
A public limited company must have minimum 3 director and 7 shareholders and director and shareholderes can be the same person.
Company need minimum capital of Rs. 500,000 and same is not necessary to pay to bank and it can be adjusted against pre incorporation expenses or you can show this as capital infused in form of assets such as computers, furniture etc.
DIN is a director identification number. DIN is allocated through SPICe Form if not allotted earlier.
The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents.
MOA defines mission, vision, and business object of the company and AOA refers to articles of association which defines the internal constitution of the company,
As per the Companies Act provision, the company name should be unique and not resembling with existing company name, and it should reflect the business object.
No, your physical presence is not required during the process, all the documents need to submit online in sofT copy.
Mandatory annual compliances for Pvt. Ltd. Company is as below-
1. Auditor Appointment.
2. Convene AGM.
3. Income Tax Return filing.
4. Filing of Annual Return in form MGT-7 and financial statements in AOC-4.
GST Registration is not mandatory until the turnover of company reaches 20 lakh rupees.
Yes, you are eligible for multiple businesses under one private limited company. However, you need to mention the detail of these businesses in the MOA of the company.