Incorporate Your Public Limited Company with Confidence
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Establishing a Public Limited Company (PLC) in India is a significant step, opening doors to greater capital infusion, enhanced credibility, and a broader investor base. While the opportunities are immense, the incorporation process can be complex, demanding meticulous attention to detail and adherence to regulatory frameworks.
At Account Assure, we understand the intricacies of corporate compliance. As a Financial Audit Firm, we bring our expertise in financial regulations and corporate governance to ensure a seamless and compliant PLC incorporation process for your business.
Why Choose a Public Limited Company?
A Public Limited Company offers distinct advantages for businesses poised for growth and expansion:
- Access to Public Funding: PLCs can raise capital from the public through shares, debentures, and other financial instruments, facilitating significant growth and expansion plans.
- Enhanced Credibility & Brand Image: The stringent regulations and public disclosure requirements associated with PLCs instill greater trust among investors, customers, and stakeholders.
- Limited Liability: Shareholders’ liability is limited to the amount of capital they have invested in the company, safeguarding their personal assets.
- Perpetual Succession: The company’s existence is independent of its members, ensuring continuity even if shareholders or directors change.
- Greater Transparency: PLCs are subject to higher levels of scrutiny and transparency, promoting good corporate governance.
Requirements for Registration of a Public Limited Company
There are various rules and regulations prescribed under the Act for the formation of a public limited company. Here is what you should keep in mind when registering a public limited company:
- Minimum 7 shareholders are required to form a public limited company.
- Minimum of 3 directors is required to form a public limited company.
- A minimum authorised share capital of Rs. 1 lakh is required.
- Digital Signature Certificate (DSC) of one of the directors is needed while submitting self-attested copies of identity and address proof.
- Directors of the proposed company will need a Director Identification Number (DIN).
- The name of the company must be as per the provision of the Company Act and Rules.
- Documents like the Memorandum of Association (MOA), Articles of Association (AOA) and duly filled Form DIR – 12 is needed.
- Payment of the prescribed registration fees to the ROC is required.
Procedure for Registration of a Public Limited Company
Digital Signature Certificate (DSC)
Since the registration procedure of a company is entirely online, a digital signature will be required for filing the forms on the MCA portal. For all proposed directors as well as the subscribers of the memorandum and articles of association, DSC is compulsory.
Director Identification Number (DIN)
It is an identification number concerning a director; it has to be procured by anyone who intends to become a director in a company. DIN of a proposed director in addition to the name and address proof has to be mentioned in the company registration form.
Registration on the MCA Portal
A completed SPICe+ form has to be submitted on the MCA portal in order to apply for company registration. To fill the SPICe+ form and submit the required documents, the director of a company needs to register on the MCA portal. After the registration process is completed, the director will get access to the MCA portal services which comprises filing e-forms as well as viewing public documents.
Certificate of Incorporation
After the registration application is submitted along with the concerned documents, the Registrar of Companies (ROC) will inspect the application. After the application is verified, he will issue the Certificate of Incorporation of the Public Company. After obtaining the certification of incorporation from the ROC, the company should apply for the ‘Certificate of business commencement’ also.
Documents Required for Incorporating a Public Limited Company
- Proof of identity of all the shareholders and directors.
- Proof of address of all the directors and the shareholders.
- PAN number of all the shareholders and directors.
- Utility bill of the proposed office i.e. proposed registered office for the company.
- A NOC (No Objection Certificate) from the landlord where the office of the company will be situated.
- Director Identification Number (DIN) of all the directors.
- Digital Signature Certificate (DSC) of the directors.
- Memorandum of Association (MOA).
- Articles of association (AOA).
Why Partner with Account Assure?
As a trusted Financial Audit Firm, Account Assure brings a unique blend of expertise to your PLC incorporation:
Unrivaled Expertise
Our team comprises professionals with deep knowledge of company law, taxation, and financial regulations.
Compliance-Focused Approach
We prioritize accuracy and compliance, minimizing the risk of errors and future legal complications.
End-to-End Support
From initial consultation to post-incorporation formalities, we provide comprehensive guidance.
Timely and Efficient Service
We understand the value of time and strive to complete the incorporation process efficiently.
Transparent Communication
We keep you informed at every stage, providing clarity and peace of mind.
Ready to take your business to the next level?
Contact Account Assure today for a consultation on Public Limited Company incorporation. Let us be your trusted partner in building a strong and compliant foundation for your future success
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