Public Limited Company Registration

On average it takes 7-12 days for completion of registration, 2 different approvals (Name Approval & Final Approval) are required from government bodies. However, this is dependent on the workload of the Central Registration Centre (CRC), MCA.

No, company registration is a completely online process. All the required documents are filed electronically, so you would not need to be physically present at all. You would just need to send us scanned copies of all the required documents & forms.

Any individual or organization can become a member/shareholder of the public limited company including foreigners/NRI. However, such a person must be 18+ above in terms of age and should have a valid PAN card.

Yes, a salaried person or person in employment can become director of a public limited company, private limited company or LLP. However, one needs to check the employment agreement if that allows for such provisions. In a lot of cases, the employers are quite comfortable with the fact that their employee is a director in another company. However, if there’s a restriction in becoming a director of a company, one can hold shares in a company and become a shareholder alternatively.

Yes, a public limited company should get its book audited and file the same with the Registrar of Companies (ROC) every year.

Yes, you can register the company at their residential address. You need to submit the utility bill copy of your home address along with the No Objection Certificate from the owner of the premises.

Yes, directors and shareholders can be the same person in a company. But if you want to have separation in ownership and management then you can appoint a different individual as shareholder and director.

Yes, you can induct or allot shares to any Private Limited Company, Public Company, LLP, and Registered Society. HUF and Partnership cannot hold shares in any Private Limited Company.

The authorised capital is the maximum limit of capital that a company may raise through the issue of shares to the shareholders. On the other hand, paid-up capital is the amount that is actually paid and subscribed by the shareholders of the company. The Paid-up capital of a company cannot exceed authorise capital of a company. Stamp duty is paid on the authorised capital of a company.

GST registration is required for those businesses whose aggregate turnover crosses the prescribed limit or such business that does the inter-state supply of goods/services. So, every company has to check whether it supplies goods to different states or qualifies for the prescribed turnover limit or any other conditions as specified under GST laws.

No, there is no renewal of a public limited company, once it’s registered it will be valid for a lifetime. However, you have to do mandatory compliance every year.

Yes, you need to hold the equity share of an unlisted public limited company in dematerialized form only. All unlisted public companies are obliged to get their shares converted into Demat form.