Public Limited Registration

1. Minimum Three Directors and Seven Shareholders (directors and shareholders can be same).
2. At least 2 Unique Names required for reservation – name should not be same or similar to an already registered company, LLP or a Trademark.
3. Minimum Authorized Capital of Rs 5,00,000/- and Paid Up capital as decided by shareholder.

Documents Verification –

Our dedicated expert will verify all the documents of Director/Shareholder and other required documents.

Name Reservation –

The proposed name is applied and obtained from the Ministry of Corporate Affairs. 2 names can be provided. In case of rejection of both names, an opportunity is provided for re-submission of the form with 2 more names. Starteasy will help you while deciding the Name of Company.

Application for Digital Signature Certificate (DSC)–

DSC will be obtained for proposed Director/Shareholder.

Drafting of MOA & AOA and Other Documents –

Documents like NOC, Consent Letter, Specimen Signature etc. will be prepared and sent to promoters for signature. Once Signed documents are received STARTEASY experts will prepare MOA, AOA and other required forms.

Filling of Forms with ROC for Incorporation –

All these forms Spice+, MOA, AOA etc. needs to file with Concerned ROC and this mentioned process finally culminates into the registration of the Company with issuance of Certificate of Incorporation. Certificate of Incorporation is conclusive evidence of Registration of Company.

1) Limited Liability –

liability of a shareholder extends only up to the number of shares held by them. In a case of default, banks / creditors can only sell company’s assets but not personal assets of directors.

2) No Minimum Capital Requirement –

Companies Act, 2013 has done away with minimum capital requirements, so we can start the company even with Rs.7/- only as a capital (Rs. 1 each shareholder).

3) Borrowing Capacity –

A company enjoys better avenues for borrowing of funds. It can issue debentures, secured as well as unsecured and can also accept deposits from the public, etc. Even banking and financial institutions prefer to render large financial assistance to a company rather than partnership firms or proprietary concerns.

4) Funding –

Start-ups and growing companies prefer Public limited company as it allows outside funding to be raised easily as compared to other forms of business.

5) Free and Transferability of Shares –

Shares of a company limited by shares are transferable by a shareholder to any other person. The transfer is easy as compared to the transfer of interest in business run as a proprietary concern or a partnership.

6) Higher Creditability from Other Organization –

Added credibility for Public Limited Companies, which can make it easier for a Public Limited Company to borrow money, raise capital and achieve financing without personal risk

7) Perpetual Succession –

It gives you the freedom to easily add or remove members in the company.

8) Tax Advantage –

The Public Companies are only taxed on their profits. This gives Public companies Tax Advantages over sole proprietorship and partnership registration.

Statutory Auditor Appointment – (Within 30 Days)

• • Board of Directors has to appoint Auditor within 30 days from the date of Incorporation.
  • Only Practicing Chartered Accountant can be appointed as Auditor.

Commencement of Business – ( Within 180 Days)

• • Within 180 days from the date of Incorporation, Company needs to deposits its share capital amount in the Bank Account and needs to file INC-20A with MCA.

Income Tax Filling – ( Up To 30^th Sept)

• • Every Company needs to file Income Tax Return (ITR-6) upto 30th September and Income Tax Audit will be applicable to those Companies whose Turnover is more than 1 crores.

Roc Annual Filling – ( Up To 30^th Oct)

• • Every Company needs to file Annual Return in Forms of AOC-4 and Management Related Return in Form of MGT-7 upto 30^th October.

Director KYC – ( Up To 30^th Sept)

All Directors of company have to complete their DIN KYC every year before 30^th September.

• With STARTEASY you will get Registration of your Company within 8-10 Days.
• Proceeding time would vary depending upon time taken by client to submit documents and time taken by government authorities.

• Now a day, process is completely online So MCA only provides you Soft copies in PDF Format.
• So will provide you printed copies of COI, MOA, AOA by our end, all documents related to Company formation will be couriered to you.
• STARTEASY will also assist you in immediate post compliance i.e. Commencement of Business etc.

DSC (Digital Signature Certificate) –

an electronic document issued by a Certificate Authority. DSC is used for making signature on soft copies i.e. Certificates serve as proof of identity of an individual for a certain purpose.

Authorized Capital–

Authorized capital is maximum amount of share capital, that Company is authorized to Issue to the Shareholders. It can be increase at any time by shareholders approval.

Paid Up Capital –

Paid up capital is amount of money company has received from its shareholder against purchase of Company’s shares by the Shareholder. Paid up capital is always less than Authorized Capital of the Company.

MOA (Memorandum of Association)-

MOA contains the Main and Ancillary Object Clause of the Company. It is Constitution of the Company and it has to be filed with ROC (Registrar of Companies) at the time of registering the Company. It Contains 6 Clauses i.e. –

1. 1. Name Clause – What is Name of the Company
   2. Situation/Registered State Clause – Where the Registered office of the Company is Located
   3. Object Clause – What is the objects of the Company
   4. Liability Clause – It shows up the Liabilities of the members of the Company
   5. Capital Clause – Its Shows authorized capital of the Company
   6. Subscriber of the Company – It shows the names of Subscriber to the memorandum.

AOA (Article of Association)-

AOA is rules, regulations and the bye-laws for the internal management of the company, the conduct of its business. The Articles of a company have often been compared to a rule book of the company’s working that regulates the management and powers of the company and its officers.

Timeline to Register a Company-

With STARTEASY you will get Registration of your Company within 8-10 Days.

Proceeding time would vary depending upon time taken by client to submit documents and time taken by government authorities.