Public Company Registration

Introduction

A Public Limited Company is a business entity that offers its shares to the public or which is not a closely held company. Usually, shares of such companies are allowed to be traded on the stock exchange subject to listed compliances as prescribed unless these are unlisted public companies. Therefore, to raise further capital these companies are allowed to issue shares to the public. A minimum of three directors and a minimum of 7 subscribers to MOA is required to incorporate a public limited company and there is no maximum limit prescribed in the law for the number of shareholders.

A Public Limited Company has almost all the characteristics of a Private Limited company. However, if we talk about compliance then Public limited companies are required to follow more stringent compliances as compared to a private limited company.

Venture into registering a public company in India with CorpIQ guidance, compliance, and expertise. We streamline the intricate process of public company registration, empowering you to embrace the grand vision for your business.

WHY REGISTER A PUBLIC COMPANY?

• Broad Capital Access: With the ability to invite the general public to purchase shares, accessing capital becomes vastly amplified.

• Transparency & Trust: Public companies are often perceived with higher trust due to stringent regulatory requirements and greater transparency.

• Share Liquidity: Shares of a public company can be easily bought and sold on stock exchanges, providing liquidity for shareholders.

• Elevated Brand Profile: Being publicly listed can significantly boost your brand's visibility and prestige in the marketplace.

 

CORPIQ PUBLIC COMPANY REGISTRATION SERVICES

• Step-by-Step Registration: From the primary consultation to your company's public listing, we guide you through every phase.

• In-Depth Consultation: Navigate the complexities with our team of experts who offer insights tailored to your unique needs.

• Documentation & Compliance: Let us handle the rigorous paperwork and compliance checks integral for a public company registration.

• Post-Registration Guidance: Our commitment doesn't end at registration. We assist you as you adapt to the dynamic public corporate landscape.

• DOCUMENTS REQUIRED FOR PUBLIC COMPANY REGISTRATION

  Following are the documents that are required to register a public company in India.

  • Identity Proof
  • Permanent account number (PAN) card
  • Aadhaar card/passport/voter ID/Driving license
  • Address proof (not older than 2 months)
  • Telephone Bill/ Mobile bill
  • Electricity bill/ water bill
  • Bank statement/ Bank passbook
  • Passport Size photographs of Promoters

  Note - All these documents shall be self-attested by the applicant

  • Contact details

  Email IDs and Phone numbers are required to be provided. It is to be noted that such mail ID and phone number shall relate to the applicants only and not to any other person. And along with the mail ID and of promoters it is required to provide the contact details of the company as well.

  • Educational qualifications

  Details related to the educational qualification of promoters are to be provided however there is no need to attach the proofs of educational qualification. It will suffice if the details related to the educational qualification are clearly mentioned in the incorporation form itself.

  • Registered office proof
  • Recent copy of telephone bill/ gas bill/ electricity bill
  • Rental agreement or lease deed or sale deed
  • In case Any of the directors is the owner of the property then NOC from such director to the effect that he does not have any objection if premises is used as the registered office of the company.

   

  HOW IT WORKS

  • Initial Consultation: Start with a comprehensive consultation to understand the intricacies of public company registration.
  • Document Compilation: Submit the requisite documents, and our team will meticulously verify them.
  • Application & Verification: After filing the relevant forms, we keep you informed through each approval stage.
  • Official Listing: Upon successful verification, watch your company get listed and set the stage for unparalleled growth.

   

  FEATURES OF PUBLIC LIMITED COMPANY

  • Separate Legal Existence

  The company has separate existence after being registered under Company law. Therefore, it can do a lot of stuff under its own name such as own property, sue and be sued, open a bank account, enter into contracts etc.

  • Perpetual succession

  It means that the entity of the company remains in existence even if all the members and directors die unless and until it has been properly closed as per the winding-up procedure prescribed under the Companies Act, 2013.

  • Limited liability of shareholders

  Shareholders of a limited liability company are liable to the obligations of the company to the extent of the unpaid amount on the share capital of the company which is held by them or the guarantee amount undertaken by them. It means that the personal assets of the shareholders cannot be utilized to pay off the debts of the company.

  • Raising funds from multiple sources

  Being a public company, it is quite easy to raise capital. As it is allowed to issue shares to the general public in the form of IPO and FPO. Apart from that it can accept public deposits and issue debentures. These are additional sources of raising funds apart from traditional forms such as taking from banks and financial institutions.

  • Easy transferability of shares

  Unlike private companies, shares of a public limited company are freely transferable. There is no restriction on transferability as imposed in the case of Private companies under section 2(68).

  • Liquidity for shareholders of the company

  As the shares of the public limited company are freely transferable as a result shareholders have access to easy liquidity. This means that they can any time sell the shares of the company held by them and take an exit from the company.