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What is Public Limited Company Registration?
A Public Limited Company has more credibility and transparency in business than a private limited company. Public limited company has high financial exposure to source capital from the Public as Equity or debenture or deposit. A public limited company can register with a minimum of three Directors, and Public limited company always preferred if you have a broad vision from startup to IPO.
A public limited company has all the advantages of the Private limited company and the ability to have the unlimited number of members; shares can be quickly sold or and offer more transparency for shareholder lenders, creditors, and bankers.
Advantage of Public Limited Company Registration
Liability of Members and Directors of the Public limited company is limited to their shares. It means that if the company suffers from any loss and faces financial distress because of primary business activity, the personal assets of shareholders / Members / Directors will not be at risk of being seized by banks, creditors, and government.
Continuity of Existence
The life of a business is not affected by the status of shareholders, and even after the death of the shareholder Public limited company continues to exist.
A Public limited company enjoys unlimited source for the borrowing of funds. The public limited company can issue debentures, equity and can also accept deposits from the public. Financial institution even prefers to render financial assistance to large public limited company
Public Limited Company Registration Process
1. Digital Signature Certificate (DSC)
All Propose directors of the company should have a digital signature, and digital signature will use to file the registration forms, ROC compliance E-forms, and Tax returns.
2. Director Identification Number (DIN)
You will get an approval email from the Registrar of companies that you are now eligible to be a director of a company.
3. Company Name approval
After a Trademark search, we will proceed to file a Name Approval form to ROC on your behalf.
Then we will file PAN Application.
4. Final Incorporation and CIN
After Name approval from the Registrar of Companies, we will file final incorporation form to the Registrar of Companies.
Documents Required for Public Limited Company
From Directors and Shareholders
For Proposed Registered Address (Residential/Commercial)
FAQs about Public Limited Company Registration in India
1. Do I need to be present during this registration process?
Public Limited Company registration is a 100% online process. No need to be present physically to our office or ministry of corporate affairs. We will send our person to your home or office for document signature.
2. What is Articles of Association (AOA) and Memorandum of Association (MOA)?
AOA refers to articles of association which defines the internal constitution of the company, and MOA defines mission, vision, business objectives of the company in the log run.
3. Do I need to hire a full-time CA/ CS?
No. you need not hire a full-time CA or CS. We will offer your annual compliance package thru you will get the right advice from our team.
4. How much time is required for registering a Public Limited Company in India?
Usually, we register a company in 15 business days.
5. What are the rules for picking a name for a Public Limited Company?
As Per companies act 2013, company name should be unique, and business objectives should be added to the name. Also, do care that business name and legal should be different.
6. What documents are required for registration of a Public Limited Company?
All proposed directors should provide identity proof (like Aadhar/ Passport / DL/ any other government issued ID, Utility bills as address proof, a copy of PAN Card (for Indian Nationals) and Passport (for foreign nationals). No-objection Certificate must be submitted by the owner of the registered office premises.
7. What is a DSC & DIN?
The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents. DIN is a director identification number. Every proposed director in a company must have a valid DIN.
8. What is the validity of the registration of a Public Limited Company?
A registration certificate issued by the registrar of company shall be valid throughout the life of the company.
The Private Limited Company registration process is an online process under the initiative of the Ministry of corporate affairs. Planning to start a company the Private limited company is strongly recommended for startups due to ease of operations and access to a venture fund. thelawplanet.com lends a hand to start-ups across India and provides premium advisory services for Startup Company registration, Corporate Income Tax, Preparing Business Plan, Investor Deck, Registration under Startup India, and also in designing an investment-friendly corporate structure.Therefore, for the better understanding of online Company registration process, we have drafted 25 FAQ at the end of the page. Into the bargain, if you need a detail explanation on Company Registration process, Cost and Timeline, please fill your details above and click on Get Started button or email at email@example.com and our expert will send you a service brochure about the pros and cons of starting a company in India.Therefore, for the better understanding of online Company registration process, we have drafted 25 FAQ at the end of the page. Into the bargain, if you need a detail explanation on Company Registration process, Cost and Timeline, please fill your details above and click on Get Started button or email at firstname.lastname@example.org and our expert will send you a detailed brochure about the online Company registration process.
Launching Own startup is more of a passion and we argue to start a business with a mission to bring change in Product or services. The Business idea should have the ability to go viral and solve problems. The Business registration in India has been simplified under the initiative of the Ministry of Corporate Affairs.
After you finalize the business structure next step is to finalize a brand name and company legal name in Consultation with a CA/CS
Prefer to hire a CA / CS who can work with you with long term vision as if you have a CA who understands your business well then you can grow well.
All Proposed directors of the Private Limited Company should have a digital signature that will be used to file the online Company Registration application and in future, you can use same DSC for a signing of ROC compliance e-forms, and E-Income Tax returns
We believe that you will select thelawplanet.com for Company registration, we shall ensure to file Name Approval Form (RUN) in Just 2 working Days
After Name Approval, we need KYC, Photo and Address proof of Directors & Shareholders, Our Team will submit Spice e-form to MCA in 3 days you will get Certificate of registration along with PAN & TAN in Maximum 5 Working days.
Open your bank Account and Launch Your Startup
Indian is among the 6th biggest economy of the world. In most of the business sectors and as per government recent notification, FDI (Foreign Direct Investment) from 26 % to 100% is allowed. 100% FDI is allowed in NBFC & Payments business, Software, Business support, Trading, and Manufacturing. As a foreign entrepreneur if you are planning to apply for online company registration in India then the registration process is the same as it for Indian citizen. You simply need one Indian Resident director to initiate the Company formation process in India.
1. Call 1st Board Meeting for Appointment of Auditor.2. Open Bank Account.3. Trademark registration.4. GST Registration.5. MSME Registration.6. The issue of Share Certificate to the members.7. Finalize the founder's agreement.8. Prepare Employment agreements.9. Draft Company policies and SOP.10. Launch your product / Services.
Yes, you can issue share certificate to the co-founders after the company registration complying the followings
India is among a very few countries where company data is easily available for public view. From the Public view, you can find Directors details, Balance sheet/Annual returns or Charge status. At below, we tried to explain to you to verify the company registration status as well compliance status of the company.
Start-up India programs are available for emerging startups having a capability of generating employment and solving problems of the mass appeal. Here, eligible startups can easily apply under this program. Subsidies under the Startup India program will cease to exist in case the company crosses the 25 Cr annual turnovers in a financial year. The following are the benefits of Registration under the Start-up India Program
Thelawplanet.com has been supporting thousands of startups like yours; you can subscribe to our annual compliance package. Below is the annual compliance checklist for small companies (Capital below Rs 50 Lac and turnover below Rs 2 Cr)-
1. Do I need to be present during the Company Registration process? Company registration is a 100% online process. No need to present physically to our office or ministry of corporate affairs. We will send our personnel to your home or office for document signature.2. What is the Articles of Association (AOA) and Memorandum of Association (MOA)? AOA refers to articles of association which defines the internal constitution of the company, and MOA defines mission, vision, and business object of the company in the long run business.3. Can I register a Company at the residential address? Yes. You can use the residential premises for Company registration as well for GST Registration.4. Do I need to hire a full-time CA/CS? No. You don't need to hire a full-time CA or CS. We can do all the formalities required for annual compliance on your behalf as we are backed by a team of professionals.5. How much time is required for registering a private limited company in India? Usually, we register a company within 7-20 business days.6. What are the rules for picking a name for a private limited company? As per the Companies Act 2013, the company name should be unique, and the name should reflect the business object.7. What documents are required for Private Limited Company Registration in India? All proposed directors should provide identity proof (like Aadhar/Passport/DL/any other government-issued ID, Utility bills as address proof, a copy, PAN Card (for Indian Nationals) and Passport (for foreign nationals). No-objection Certificate must be submitted by the owner of the registered office premises.8. What is a DSC & DIN? The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents. DIN is a director identification number. DIN is allocated along with Certificate of Incorporation through SPICe Form.9. What is the validity of the Private Limited Company Registration? A Private Limited Company Registration certificate issued by the registrar of the company shall be valid throughout the life of the company.10. Can an NRI become a Director in a Company? NRI can become a director in a Pvt. Ltd. company and there is no requirement of obtaining the prior approval of the government or RBI however at least one director must be a resident of India.11. What is the minimum investment required to set up a Private Limited Company in India? For Private Limited Company Registration in India, there is no requirement of minimum Paid-up Share capital or contribution.12. What if I don't have any partner? Can I Register my Private Limited Company with my family members? Yes. You can register your Private Limited Company with your family members and later you can transfer shares if you want.13. Is GST Registration mandatory for the private limited company? GST Registration is not mandatory until the turnover of your company reaches 20 lakh rupees or 10 lakh rupees in case of the northeastern state.14. Can I apply for Startup India registration? Yes, startup India registration is possible with the private limited company registration. For this, you just need to register with the startup India portal. No worries, we will do this on your behalf.15. Am I eligible to do multiple businesses under one private limited company registration? Yes, you are eligible for multiple businesses under one private limited company. However, you are required to mention the detail of all the businesses in the MOA of the company while going for registration.16. How can I protect my company name or logo in India? For this, trademark registration application should be filed to the authority after company registration.17. What are the prescribed minimum requirements to become a director of a Private Limited company? 1. Any individual or company can become a director in a company.2. An Individual must 18+ years Age.18. Can I become a director in a company if I am already working somewhere or doing a full-time Job? If there is no employment contract then you can become a director in a company. But usually, you should avoid this. As your Employer will not allow you to float a company with the employment.19. Is FDI allowed in a private limited company? Yes, Venture capitalist firms or angel investors can make an investment in the private limited company.20. What are the mandatory Annual Compliances for Private Limited Company? Following are under the mandatory annual compliances- 1. Auditor Appointment. 2. Convene AGM. 3. Income Tax Return filing. 4. Filing of Annual Return and financial statements etc.21. Can a private limited company be converted into any other type of entity such as LLP or OPC? Yes, a Private limited company can be converted into the LLP or OPC at any time by filing the appropriate forms with the prescribed government authority.22. What is the meaning of limited liability in the Private Limited Company? Limited liability means that the liability in a private limited company is limited up to the contribution made by the members of the company.23. What other registrations are required to start my own business? There are no such mandatory registrations however you can apply for MSME Registration or Trademark Registration or FSSAI License or Patent Registration as per your requirement.24. What is the Private Limited Company Registration Fees? The government fees for Company registration is approximate Rs. 3500 and you can hire a CA/CS their fees may be in the range of Rs 5000 to 10,000 depending on their expertise and quality of work. The experienced CA/CS is able to give you error free MOA & AOA Draft as a well right selection of company business activity in Spice form. Always avoid fresher or Non-CA/CS firm in case you are hiring a company registration consultant in your city.25. Can I convert my existing One Person Company to Private Limited Company? OPC can be converted to Private limited subjectively you have a paid-up capital above Rs. 50 lac or annual turnover is more Rs 2 Cr. The conversion of OPC to Private limited company may take time between 15 to 25 days.
Incorporation of a private limited company in India by thelawplanet.com
One Person Company or OPC is a kind of proprietorship firm where the company is formed by a single person. Getting One Person Company Registration is very easy. Enterslice is one call away from your OPC Registration.
The One Person Company was recently grown up as the strong improvement over the sole proprietorship. It is entirely a new concept which gives full control over the company to the single promoter while limiting its liability or duties to contribute to the business.
However, there is no road to raise an equity funding or offering the employee stock option in One Person Company in the early stage of the period. Into the bargain, If One Person Company anytime hits an average three- year turnover of over Rs 2 crore or has paid- up capital of over Rs 50 lakhs then it must be turned into the private limited company or public limited company within the six months.
Enterslice has a track record of registering thousands of One Person Company in India. Enterslice is working round the clock to serve their client the best consultancy and service.
Section 2 (62) of the Companies Act, 2013 defines OPC as a company which has only one person as a member.
Looking at the legal nature of OPC then we will see OPC can be registered only as a private limited company. This means that all the provisions that are applicable to the private company will be applied to OPC unless otherwise expressly excluded in the act or rules made thereunder.
For One Person Company Registration, one needs to apply for DSC. DSC is a Digital Signature Certificate which is necessary to file the one person company registration documents. DSC is used for filing the electronic documents at ROC. To obtain a DSC you need to provide us the scanned documents and details and our team will get back to you and fill your form and submit that online.
Once you get your DSC, the next step is to obtain the Director Identification Number of the proposed director in SPICe Form along with the name and the address proof of the sole director.
Now, the next step while incorporating an OPC is to choose a name for the company. The name of the company will be in the form of “XYZ” (OPC) Pvt Ltd Company.
You can register the name of the company in two ways-
Once the name is approved by the MCA we can move to the next step.
For OPC registration, one needs to prepare the Memorandum of Association (MoA) and Article of Association (AoA). These two documents are the most important document for OPC registration.
MoA describes the object of the company, the power of the company and on the other hand, the AoA will detail about the rights and duties, rules and regulation that will be followed in the course of business.
These documents need professional research and knowledge of the law, so it is advisable to draft these documents with the help of professionals. Enterslice has the back of the highly professional team who will draft your documents with deep research and expertise.
The MoA and AoA of the company must be signed by the sole member who is also going to be the subscriber of the memorandum in which the details like his name, address, description, and occupation will be discussed. The documents will be signed in the presence of the at least one witness who must also attest the signature and must also sign and give the details.
MoA and AoA are the two important documents that need to be submitted at the time of OPC registration.
The affidavit will be submitted by the proposed director in the consent who has subscribed to the memorandum and article of association in the Form INC- 9 and DIR-2.
As you know, One Person Company is formed by One person and there is no certainty of life so to avoid any future chaos a nominee on the behalf of such person is appointed. Furthermore, in case the sole member becomes incapacitated or cannot perform duties the nominee will perform the same duties on the behalf of the director.
His consent will be filed in Form INC-3 along with the PAN Card and Aadhar Card.
Documents like Aadhar Card, Electricity bill; Phone Bill is required to submit as the identity proof whereas the proof of the registered office of the proposed company along with the proof of ownership and a NOC from the owner. If in case the property is on rent then a Rental agreement is required.
All the documents attached to SPICe Form- MOA and SPICe-AoA along with the DSC & DIN of the Director and will be uploaded to the MCA site for the approval. After submission of SPICE form, PAN and TAN will be automatically issued by the MCA. No seprate form is reqquired to be filed for PAN and TAN.
A declaration submitted by professional certifying that all documents are made properly.
After the verification, the Registrar of Companies will issue a Certificate of Incorporation and we can commence our business.
You can easily register your One Person Company Online. You just need to prepare your documents and contact us. We will do after work.
The following is the eligibility criteria for OPC Registration in India. Only a natural person who is a citizen of India and resident in India-
There is no minimum capital required for OPC registration. However, the maximum Authorize capital of One Person Company shall not exceed Rs 50 lakhs at any point in time.
There is a limited liability related to One Person Company which means the liability on the Director is limited. The personal asset of the Director won’t be attached to the debt of the business. The property is safe.
The compliances under OPC registration are very less as compared to any other company. Minimum paperwork is done.
The death or illness or incapacity of the director won’t disturb the ongoing process of the company as the nominee director will hold the rope to continue the business.
As an OPC needs to have its books audited annually, it has the greater credibility among the vendors and the lending institution.
Enterslice registers the One Person Company in the blink of the eye.
Now, when the company will be registered with one person then there is no chance of any legal disputes arises between the director and any chance of ego clashes which usually happen.
OPC Sole Proprietorship OPC has a separate legal entity No distinction between the owner and the business Liability of the shareholder limited Sole liability Higher compliances compared to sole proprietorship Lesser Tax Implication Succession with nominee Succession through execution of WILL
When mandatory conversion of One Person Company to Private Limited Company is needed in the case when OPC stands on some parameters like-
If any time the OPC fulfill the above criteria the company shall be mandatorily required to convert itself into either a private or a public company.
The following are the basic mandatory compliance for One Person Company Registration which is as follows:-
If an OPC or any officer of such company contravenes the provisions of Co. Incorporation Rules, 2014, such contravening party will be punishable with fine which may extend to Rs. 10,000/- and with a further fine which may extend to Rs. 1000 for every day after the first during which such contravention continues.
1. Why should we choose OPC as a form of business?
An OPC is a good option to run a sole proprietorship but under the blanket of a private ltd company.
2. Who can register an OPC?
Only the Indian Resident can register OPCs as it has only one director as per the specification of the Ministry of Corporate Affair.
3. What is the mandatory Requirement of an OPC?
OPC businesses shall maintain books of accounts complying with statutory audit requirements and submit income tax returns and annual filings with the RoC.
4. Is there any tax advantage available to an OPC?
No there are no special tax advantages available for OPC. Tax is paid at the flat rate of 30% on profits.
5. How much cost is required to run an One Person Company in India?
The Cost of the OPC is marginally lower than that of a private limited company but it takes around 12,000 to incorporate and around 15,000 a year as compliance fees or an auditor fees who will inspect the books of account will charge separately.
6. Can a director start more than one OPC?
No, an individual can only form one OPC at a time. Furthermore, the rule applies to the nominee in an OPC too.
7. Who are not eligible for One Person Company?
8. Do I need to be present during OPC registration process?
OPC registration is 100% online process. No need to be present physically to our office or ministry of corporate affairs. We will send our personnel to your home or office for document signature.
9. How much time is required for OPC Registration in India?
Usually, we register a company in 7 business days.
10. What is the validity of the OPC registration?
A registration certificate issued by the registrar of the business is valid until infinite until you are meeting applicable compliant.
11. Why do we need to appoint Nominee in OPC?
As we know, that the OPC is one man army but at the same time what happens if that one man gets hurt. So, for that purpose, we need to appoint a nominee. He will be not come into the picture until or unless the director met with some any consequence.
12. How much capital is required to start an OPC?
You can start your OPC business with authorized share capital Rs. 1 lac only and there is no difference in capital structure as compared to a private limited company.
13. How to register One Person Company Online?
Incorporation of a One Person company in India by thelawplanet.com