A Public Related Company is a company with limited resources where the shares can be sold and traded to the public. This company is formed under Securities Laws to access the Capital Market. This is the most demanded company formation services as it is a transparent and this is something which is wanted in any kind of business. This service has lucidity more than the business structures.
This service gives the investors the flexibility of transferring the ownership or their parts without any complications. Any issues regarding FDI ( Foreign Direct Investment) under the Foreign Exchange Laws are to be destined to solve at Kanoonvala. The Public Limited Companies have the features like separation between the operations and the ownerships. These companies get the privilege of distributing the stocks among the current employees. The Public Limited Companies can also accept the deposits from public under the Companies Act, 2013
Required Documents for Public Limited Company Registration
For Directors/ Nominee
- Pan Card
- Identity proof such as Voter Id Card Driving Licence
- Address Proof such as Bank statement, Mobile Bill
- Passport Size Photo
For Registered office
- Ownership Proof
- No Objection Certificate
How the Processing is done?
First step: Receiving Documents & Apply DIN & DSC 1-2 Days
Second Step: MOA and AOA Drafting electronically in Spice MOA (INC-33) and Spice AOA (INC -34) 3-4 Days
Third Step- Submission of Spice Form INC-32 along with link Form Spice MOA (INC-33) and Spice AOA (INC-34) 6 to 9 Days
Fourth Step - Certificate Of Incorporation, PAN & TAN 10 to 12 Days
QusHow many directors there can be in a Public Limited Company ?
AnsThe maximum number of directors can be 15 and the minimum number of members can be 3.
QusHow much capital is needed initially for the company formation?
AnsThere is no such capital needed in the Public Limited Company.
QusHow much time does it take for the incorporation of the Public Limited Company?
AnsIt would take minimum of 10-12 days for the incorporation right from the submitting the relevant documents to the Government Approvals.
QusWhy is DIN needed?
AnsDIN is issued to the director of the company and it is a unique code given by the Ministry of External Affairs which is valid for the rest of life.
QusCan a foreigner or NRI hold the share of the company?
AnsYes a foreigtner or NRI can hold the share of the company.
QusHow can one choose the name of the company?
AnsThe company name should be always short and simple and easy to remember. The name itself should describe the business to be held. It should be checked in the Google, MCA Portal, MCA Guidelines if the name is already available.
QusWhat is Common Seal?
AnsThe Comon seal is the sgignature of the company. That is going to be the official signature.
QusCan a company own a property?
AnsYes the company can own a property on the Company’s name.