• • Limited Liability Protection to Directors' Personal Assets

Many times businesses need to borrow money and take high investment decisions. Public Limited Company is the best option for entrepreneurs with larger investment requirements. In the case of normal Partnerships, Partners' personal savings and property would be at risk in case the business is not able to repay its loans or the 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

A Public limited company is a popular and well-known business structure. Corporate Customers, Vendors and Govt. Agencies prefer to deal with Public Limited Companies instead of proprietorships or normal partnerships.

• • Easy to raise funds and loans

A Public Limited company can list itself on various stock exchanges in India and raise capital from the stock market. The 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 structures.

• • 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

A Public Company is the best choice for businesses involving heavy investment.

• Minimum 7 Shareholders

• Minimum 3 Directors

• The directors and shareholders can be the same person

• One of the Directors must be an Indian Resident

• Minimum Authorised Share Capital- ₹ 500,000 (INR Five Lakh)

• DIN (Director Identification Number) for all Directors

• DSC (Digital Signature Certificate) for two of the Directors

• PAN & Aadhar of 2 Directors

• Scan copy of Passport size photographs of Both Directors

• Scan copy of Specimen Signatures of Both Directors

• Address Proof of Both Directors (Eg: Electricity Bill, Telephone Bill etc) in case Aadhar address is different

• Latest 3 months Bank statement of Both Directors

• Mobile Numbers & Email ID's of Both Directors

• DIN for 2 Directors

• Digital Signature Token for 1 Director

• Company Name Approval

• MOA + AOA

• Company PAN Card

• Company TAN/TDS Number

• Bank Account Opening Document Support

• Domain, Website with hosting for 1 Year

• Accounting setup in Zoho Books

• What documents are required to set up a Public Limited Company in India?

You need to arrange very simple documents of directors like Photographs, Pan Card and One Address Proof.

• Who is the Registrar of Company (ROC)?

ROC is a Government office with which companies get registered. Every State has one ROC office except Maharashtra and Tamilnadu where there are two ROC offices. In Maharashtra, companies are registered with Mumbai & Pune ROC. In Tamilnadu. companies are incorporated at Chennai and Coimbatore ROCs. In all other States like Delhi, there is only one ROC office, like in Bangalore, Hyderabad and so on.

• Do I have to physically visit ROC Office while Setting up the company?

No. We provide a complete online Company Incorporation process. All legal documentation and visits are done by us.

• Is Public Limited Incorporation to be renewed every year?

No. Once the company is formed, it will be valid till it is officially closed down by the owners. No renewal or fees is required. However, every year companies have to file very basic returns with the ROC office.

• What is a DIN?

Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by the ROC office (Ministry of Corporate Affairs)

It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.

• What is a DSC?

A digital signature is an electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of the Company. Digital Signatures cannot be used in physical documents.

• What is a Company name search? Why it is important for new company registration?

A Company name is a very important part of the registration of the company. The company name is divided into 3 Parts:

1) Keyword (brand name like TATA or Flipkart) 2) Activity word (i.e. showing nature of business like Software) 3) Business Type word (i.e. Pvt. Ltd. or LLP). For the Incorporation of the company, the suggested name should not match with existing companies or Trademarks.

• What is the MOA & AOA of the company?

MOA means Memorandum Of Association and AOA means Articles Of Association. These are the bylaws or rules based on which important matters like the main business of the company or meetings are decided. These are standard legal documents prepared by Company Secretaries during the registration of the Company.

• Can we change the office address of the company after Incorporation?

Yes, the company office address can be changed anytime after incorporation.

• What is the capital of the Company?

Capital means investment made by shareholders into the company. The Authorised capital is an amount up to which a company can issue shares. This capital is mentioned during the incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid-up capital is an actual investment that goes from shareholders into the company's bank account, against which a share certificate is issued by the company.

• Do we have to deposit Share Capital in a Bank at the time of Incorporation?

No. After the company is registered, it needs to open a company bank account and then anytime within two months of incorporation, capital can be deposited into the Company bank account.

• Does my business have to have some level of turnover to start Public Limited?

This is not true, a Public limited company is one of the modes of doing business, which means it can be started from scratch. For that matter, even after incorporating a Public limited, there is no obligation that the company must have sales or turnover.

• Does PF, Service Tax or VAT automatically applicable to Public Limited?

There is no automatic applicability. Provident Fund (PF), Service Tax or VAT law applicability is the same for all types of businesses like a Sole Proprietorship, Partnership Firms and Companies. These laws are applicable only after crossing certain threshold limits.