A Public Limited Company registration in India is the best suitable business structure for entrepreneurs who are planning for large-scale business operations. A Public Limited Company in India enjoys all the privileges of a corporate entity together with the features of Limited Liability. A public limited company can even get itself listed with the stock exchange to raise capital from the general public.

Pre-requisites for Incorporating a Private Company

The name with which the promoters are desirous of running their business form should be unique and should not resemble with any ongoing business form as per Incorporation Rules and Companies Act, 2013.

A person above the age of 18 is capable to incorporate a private limited company and be the Directors and Subscriber of the company.

The individuals who have to make decisions concerning the daily business transactions are to be appointed in the Board. This form of structure needs to have minimum 03 Directors out of which 01 shall be Resident and a maximum of 15 Directors.

The individual/ body corporate who bring funds in the business are the one who are categorized as the members of the company. This form of structure needs to have minimum 02 members and there is no limit for maximum members.

The funds to be infused in the company for running the business chores of the company is in the form of Capital. There is no minimum and maximum amount stated for the infusion of funds in the company in Companies Act, 2013.

The place through which the activities of the business are to be carried on in legal terms is said to be the registered office of the company. The registered office should be capable of receiving and acknowledging all communications and notices as may be addressed to it.

Contact details in the form of Mail Id and phone no are to be registered at the time of incorporation of a company.

Process of Incorporation

• Availing the name of the Company
• Availing DSC of the members of the company
• Documentation and procedural work
• Filing of Incorporation form with Ministry of Corporate Affairs
• Getting Certificate of Incorporation with PAN, TAN, ESIC, PF and DIN.

Benefits of Incorporating a Public Company

• There is no restriction on the number of members in a public company.
• The capital of a public company is generally raised from the public.
• The shares of a public company are freely transferable. This makes investment in the shares liquid and an investor is not bound to remain with the company.
• The shares of a public company are freely transferable. This makes investment in the shares liquid and an investor is not bound to remain with the company.
• A Public Company has much more avenues to borrow funds from the banks. Another important benefit is that it can issue debentures who can be secured or unsecured. Being a public Company it has the right to accept funds from Public, etc.