Public Limited Company

Get Started By paying Rs. 17,999/-



    Introduction Of Public Limited Company

    A Public Limited Company assures the limited liability to its Members and Owners. The major advantage of incorporating this type of entity is that a Public Limited Company is freely allowed to raise funds from public by following certain norms and regulations and results beneficial in raising capital. Though the regulatory requirements are much more strict than the Private Limited Company .

    Here, it can be formed with seven Members and three Directors with no minimum capital requirements. It is beneficial to establish such Company when the investors are large in size and involves public at large. The shares of this type of entity are freely transferable in the market. It enjoys the basic features and advantages as granted by the Companies Act, 2013 such as Separate Legal Entity and Limited Liability.

    Sprinthub Solutions has team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to Company formation process. You may get in touch with our team on 096436-69475 or email info@sprinthub.in for Public Limited company registration and Compliance services

    Advantages Of Public Limited Company

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    Medium for preferred Investments
    While investing, an investor prefers in dealing widely in the market and hence it open doors for the Public Limited Company to attract more funds from the market as their shares are freely transferable.
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    Listing on stock exchange
    A Public Limited Company can get itself registered on stock exchange by complying with certain norms which increase the scope of diversification of business and widening the shareholder base and also increasing the risk.
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    Limited Liability
    The liability of the Members is limited to the extent of Capital invested by them in the Company and therefore, they cannot be held personally liable for it also it is a legal entity which means it is different from its Members and Directors.
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    Easy to make acquisitions
    As Public Limited Company's are more approachable and also has many other advantages like liquidity which makes them attractive for the potential investors at the time of Merger and Acquisitions and it has a greater borrowing capacity.

    Minimum Requirement

    Minimum three persons as Director and maximum fifteen
    Digital Signatures of Subscriber and Directors
    Minimum seven persons as Members
    No Minimum Capital requirement
    Minimum one Director shall be Indian resident
    Director Identification Number if available

    Documents Required for Incorporation

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    PAN Card
    PAN Card of the Member and Directors of the proposed Company Passport in case of Foreign Nationals
    01
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    Latest passport
    Latest passport size photograph of Member and Directors
    04
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    Identity Proof
    Identity Proof of the Member and Directors of the proposed Company (Aadhar /Voter ID/Driving License/Passport)
    02
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    Business Address Proof Owned Property
    (Copy of Registry and Latest Govt. Electricity Bill or Water Bill)
    05
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    Address Proof
    Address Proof of the Members and Directors (Utility bill/Telephone Bill/Mobile Bill/Bank Statement not older than two months)
    03
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    Business Address Proof Rented/leased
    Rent Agreement, NOC from the Owner, Latest Govt. Electricity Bill or Water Bill)
    06

    More Insights on Public Limited Company Registration

    How to Select the Name of Company

    You can check Company name availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. Our team will assist you in the selection of name of company.

    Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Sprinthub Solutions by clicking on the below mentioned link Trademark Registration

    Other Key Points

     If the proposed Director is already having the DIN then you can also check whether DIR-3 KYC iscompleted. You can verify the same with the help of our experts. If the same is not done yet, it can be done with help of Sprinthub Solutions.

    The Public limited company is required to manage all the compliances after incorporation of the company like appointment of statutory auditor, filing commencement of business, Income Tax Filing, Annual Returns with ROC and other compliances as required by the law. Sprinthub Solutions has a team of experts who keeps an eye on the due dates of your compliances and reminds you through mails.

    Income Tax Rate for Public Limited Companies for F.Y. 2020-2021

    Domestic Company Turnover > Rs. 400 Cr
    Net Taxable Income Income Tax Rate Surcharge  Health & Education Cess 
    Upto 1 crore 30% Nil 4%
    Above 1 crore but upto 10 crore 30,00,000+ 30% 7% 4%
    Above 10 crore 3,00,00,000+ 30% 12% 4%
    Domestic Company Turnover < Rs. 400 Cr
    Net Taxable IncomeIncome Tax RateSurcharge Health & Education Cess 
    Upto 1 crore25%Nil4%
    Above 1 crore but upto 10 crore25,00,000+ 25%7%4%
    Above 10 crore2,50,00,000+ 25%12%4%

    Choose the right entity type after comparing different business structures

    BasisPrivate Limited CompanyPublic Limited CompanyOne Person CompanyLimited Liability PartnershipPartnership FirmProprietorship Firm
    Registration RequirementCompanies Act, 2013Companies Act, 2013Companies Act, 2013LLP Act, 2008Registered/UnregisteredNo Specific Criteria
    Number of members2 – 2007-∞Only 1Unlimited2 -50 partnersOnly 1
    Number of Director2-153-15Only 12 designated partnersNANA
    Naming of EntityUniqueUniqueUniqueUniqueNo GuidelinesNo Guidelines
    Capital RequirementZeroZeroZero*ZeroZeroZero
    Liability of EntitiesLimitedLimitedLimitedLimitedUnlimitedUnlimited
    Foreign InvestmentEligibleEligibleNot EligibleEligibleNot AllowedNot Allowed
    Statutory AuditMandatoryMandatoryMandatoryMandatoryNot RequiredNot Required
    Compliance LevelAnnual ComplianceAnnual ComplianceAnnual ComplianceAnnual ComplianceLess ComplianceZero Compliance
    Tax Rate22%22%22%30%30%Individual Tax Rate
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