A public limited company is the standard legal designation of a company which has offered shares to the general public and has limited liability. A Public Limited Company's stock can be acquired by anyone and holders are only limited to potentially lose the amount paid for the shares.
For registering a Public Limited Company, kindly go through the following steps:
Minimum Authorized Capital and Paid-up capital should be Rs. 5,00,000/-. At least three Directors and Seven Members required forming a Public Limited Company.
The proposed Director should have a valid DIN (Director Identification Number) allotted by the Ministry of Corporate Affairs. One of the Directors should have a valid Digital Signature Certificate issued by the Certifying Authorities approved by the Ministry of Corporate Affairs.
Company Registration in India starts with filing of an application for Company Name. The chosen name for a company should be unique all over India. Usually in a day or two, concerned ROC approves the name if the applied name is not same or closely similar to the name of an existing company and the proposed name is in accordance with the Guidelines for Name Availability issued by the Ministry of Corporate Affairs (MCA). Check with MCA website to find you name availability, click here.
On getting the company name approved we need to submit final documents to the RoC. The office ROC will scrutinize the incorporation documents. If the documents are found in order, the Company will be registered and the Certificate of Incorporation will be issued by the Registrar.
The Certificate of Commencement of Business has to be obtained by a Public Company before commencing any commercial activity.
Naming your company is the crucial part; a company name has two parts Prefix and a Suffix. Prefix must be unique and different, while Suffix should reflect the business nature of your company. To know your name availability check yourself with Ministry of Corporate Affairs website under company name search.
When registering a company, should have a valid address to proof. If you are in Bangalore and you have proper address proof in Pune, then you can register your company in Pune and start your Business operations from Bangalore. Proper registered office proof is mandatory for registering your company.