Public Limited Company Registration

To incorporate a Limited Company, a minimum of seven people are required. A Limited Company must have a minimum of three Directors and seven shareholders.

The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in an Indian Private Limited Company.

You can start a Limited Company with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs.5 lakhs [Authorized Capital Fee] during the incorporation of the Company. There is no requirement to show proof of capital invested during the incorporation process.

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial / industrial / residential where communication from the MCA will be received.

No, you will not have to be present at our office or appear at any office for the incorporation of a Limited Company. All the documents can be scanned and sent through email to our office. Some documents will also have to be couriered to our office.

Documents required for incorporating a Public Limited Company

• PAN copy of all Directors (minimum 3 Directors)]
• PAN Copy of all Share Holders / Promoters (minimum 7 Share Holders / Promoters).
• Address Proof copy of all Directors / Promoters (Voter Id,
• Passport, Driving License, Aadhar Card).
• Passport size Photographs of all Directors / Promoters.
• Copy of Utility Bill (Electricity Bill) of premises proposed to be the registered office.
• In case Premises is taken on Rent / Lease (Rent agreement will also be required).
• Copy of Mobile bill, telephone bill, and electricity bill or bank statement supporting the address proof of all directors / Promoters.
• Minimum Paid up Capital required to start a Public Limited Company is Rs 5, 00,000/- (Rupees Five Lakhs)

Public Limited Company Process

Obtaining DSC & DIN

Rajput Jain & Associates can incorporate a Public Limited Company in 14 to 20 days, subject to ROC processing time. Check if the proposed promoters / directors have Director Identification No (DIN) or not, Digital Signature Certificate (DSC) and Director Identification Number (DIN) isrequired for the proposed Directors of the Public Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.

Name Approval

Application for Name Approval is filed in form INC-1, A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days. After the name is approved, the MOA and AOA are drafted and sent for MCA Approval.

Company Incorporation

Form INC-7 along with INC-22 and DIR-12 to be filed online after the MOA and AOA are drafted. Incorporation documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve (under Form E) the application for incorporation in 5 to 7 days, subject to their processing time. PAN and TAN Number are applied after getting the Incorporation Certificate.

Process Involved in Getting Commencement of Business

• All Public Limited Companies should get certificate of Commencement of business before starting any Business in the Company.
• Form INC-21 is filled with Registrar of Companies along with Bank Statement (showing higher of Rs 5, 00,000/- or Companies Paid up Capital) along with Relevant Stamp Duty.
• Once form is approved, Certificate of Commencement of Business is granted with approval to start business.

Rajput Jain & Associates can incorporate a Limited Company for in 14-20 days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your Company and ensure you have all the required documents prior to starting the incorporation process.

To incorporate a Company quickly, make sure the proposed name of the Limited Company is very unique. Names that are similar to an existing private limited company / limited liability partnership / trademark can be rejected and additional time will be required for resubmission of names.

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register after a period of time. A struck-off Company can be revived for a period of upto 20 years.

Director Identification Number is a unique identification number assigned to all existing and proposed Directors of a Company. It is mandatory for all present or proposed Directors to have a Director Identification Number. Director Identification Number never expires and a person can have only one Director Identification Number.

Authorized capital of a Company is the amount of shares a company can issue to it shareholders. Companies have to pay the Government an authorized capital fee to issue shares in a Company. Companies have to pay authorized capital fee for a minimum of Rs.5 lakhs.

A limited company must hold a Board Meeting atleast once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, atleast once every year.

Yes, a NRI or Foreign National can be a Director in a Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident India.

Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Limited Company subject to Foreign Direct Investment (FDI) Guidelines.

100% Foreign Direct Investment is allowed in India in many of the industries under the Automatic Route. Under the Automatic Route, only a post-investment filing is necessary with the RBI indicating the nature of investment made. There are a few industries that require prior approval from the RBI, in such cases, approval must first be obtained from RBI prior to investment.