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Public Limited Company Registration Kochi & Calicut

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Public Limited Company

Under Section 2(71) of the Companies Act 2013, a Public Limited Company is defined as company, which is not a private company .A Company with a minimum, paid up share capital of INR 5 Lakhs. This form of legal entity is advisable for Large scale businesses that require huge capital .In a Public Limited Company Registration, the composition of the company must have three Directors (minimum)Seven Shareholders and Maximum of Fifty Directors .

In order to raise capital from the general public, the Public Limited Companies is usually enlisted with the Stock Exchanges .The aforesaid factor makes it compliant to multiple government regulations.

 Documents Required For Registration 

  • Identity Proofs of all the Directors (Aadhar Card /Voter Card /pan Card)
  • Digital Signature Certificate (DSC) of all the Directors 
  • Director Identification Number (DIN) of all the Directors 
  • Passport Sized Photographs of all the Directors 
  • Utility bills of the Business Place
  • Rental agreement – If rented office 
  • No Objection Certificate from the Landlord.
  • The office building ownership documents (self owned business place)
  • Memorandum Of Association (MOA)
  • Articles of Association (AOA)

Steps Of Registration

  • Issue DIN And DSC 

    The first step towards Registration is the issuance of DIN & DSC form the Ministry of Corporate Affairs (MCA) and Certified Authority respectively .The number of Directors must not exceed fifty . Only individuals can be Directors and it isn’t mandatory that a Director needs to be the shareholder of the Company.
  • Registered Office Address 

    In order to communicate all the official correspondence relating to the business, a registered office address is mandatory .The office address has to valid and registered with the Registrar of Companies.
  • Company Name Application 

    The proposed company name must comply with the Company Name Availability Guidelines under Companies Act 2013.The name of the public company should end with the words “Limited”. A name approval form the roc needs to be obtained, before the company incorporation proceedings .it is always advisable to submit multiple name preferences.
  • Execution of MOA & AOA 

    Once the company name is approved, the Memorandum of Association and Articles of Association have to be executed by the promoters. The aforesaid documents are now in the electronic format (eMOA: INC 33 & eAOA:INC 32)
  • Documents Submission to ROC 

    All the prepared documents are next submitted to ROC for further verification.
  • Registration and Certificate of Incorporation 

    On account of the verification proceeds, the ROC shall register the company and a Certificate of Registration (COI) and CIN (Corporate Identification Number) will be issued.
  • Certificate of Commencement of Business

    Even though the Public Company is registered, it cannot start business immediately .A declaration is to be applied within 180 days from the date of incorporation, stating that all subscribers have paid the subscription money. 

Benefits of Public Limited Company 

  • Easier to transfer shares by the shareholders 
  • There is no limit on the maximum number of shareholders.
  • Share scan be listed in the stock exchange 
  • Suitable for huge capital investment plans