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Public Limited Company

Public Limited Company

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Required timing - 10 days.

Documents scan copy(pdf) over email needed to start the work process.

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A Private Limited Company can be converted to a Public Limited Company by altering its few Articles, like number of members and directors, restriction on transfer of shares, acceptance of public deposits etc. secondly a resolution needs to be passed for EGM where matters need to be discussed by share holders and approval of shareholder is needed.

As per the provisions of the Companies Act, 2013 to start a public limited company, a minimum of 3 directors are required and there is no restriction on the maximum number of directors.

Public limited companies (plc)

  • the business has the ability to raise additional finance through share capital.
  • the shareholders have limited liability.
  • increased negotiation opportunities with suppliers in terms of prices because larger businesses can achieve economies of scale.

 

Advantages of public limited company

  • The company can raise capital through share sales
  • This raised capital can fund expansion and new opportunities
  • Capital can also be used to pay off debt
  • Publicity increases brand awareness
  • Listing on the stock market can increase company reputation and prestige
  • Public records can make it easier to attract business partners
  • Sense of transparency can improve customer perception of brand

Disadvantages of public limited company

  • Two directors are needed for a PLC, whereas a Ltd only needs one
  • More regulated both for taxes and Companies House
  •  tax deadlines are shorter for public companies
  • Unlike Ltd’s company secretaries, a PLC’s company secretary must be fully qualified
  • Shareholders can be anyone who chooses to purchase, which can dilute a unified company vision
  • More vulnerable – the more shareholders there are, the more power has been distributed

 

Documents Required For Public Company Registration

All below all the documents are  required

Photograph of all the Directors.

PAN Card of all the Directors.

ID Proof of all the Directors (Driving License/Passport/Voter ID/Aadhaar card).

Electricity Bill or any other utility bill for the address proof of the Registered Office.

DSC(class 3 )of all directors.

Mobile bill / Electricity bill / Updated Bank passbook of all directors.

What are the Annual Compliances for Listed Public Limited Company?

The following are the most important and significant compliances for a Public Limited Company:

S. NoComplianceParticulars of Compliances                 Form No                                                 compulsionDue Date
1.Annual General MeetingAnnual General Meeting to be conducted as per the provisions of the Act.Form MGT-15mandatoryWithin thirty days from date of its incorporation.
2.Financial StatementsBalance sheet, Director’s Report, Cash Flow Statement Auditor’s Report and the consolidated Financial Statement prepared in Extensible Business Reporting System (XBRL).Form AOC-4mandatoryWithin thirty days of holding the Annual General Meeting or AGM
3.Annual ReturnInformation about the directors and shareholders is to be filed with relevant Registrar of CompaniesMGT-7mandatoryWithin sixty days of the Annual General Meeting(AGM)
4.Financial and Director’s ReportAdoption of Financial and Director’s ReportForm MGT-14mandatoryWithin thirty days from the Board Meeting
5.Income Tax ReturnsIncome Tax Returns must be filed before the Tax Department.Form ITR-6mandatoryOn or before 30th September of the financial year
6.Secretarial Audit ReportSubmission of Secretarial Audit Report along with the Board Report when: Its total Paid- up capital is equal to or crosses Rs.50 crore or Its annual turnover is equal to or exceeds Rs 250 crore.Form MR-3mandatory  Before appointment or reappointment of The Secretarial Auditors.
7.Compliances under all Rules and Regulations associated with SEBIIncludes the Listing Regulations of 2015 mandatory 

 

Our best plans

Avatar-10

All inclusive

All inclusive

Basic

Class 3 digital signature certificate - 3 pcs

Director identification numbers - 3 number

RUN name approval

Up to 15 lakh authorized capital

Incorporation fee

Stamp duty

Incorporation certificate

GST registration

ESI registration

PF registration

PAN and TAN

15 Copies of MOA

15 Copies of AOA

10 Copies of share certificate

Company seal

Incorporation kit

Apply now
card

Rs.

35000

30000

Avatar-10

All inclusive

All inclusive

Standard

Class 3 digital signature certificate - 3 pcs

Director identification numbers - 3 number

RUN name approval

Up to 15 lakh authorized capital

Incorporation fee

Stamp duty

Incorporation certificate

GST registration

ESI registration

PF registration

PAN and TAN

15 Copies of MOA

15 Copies of AOA

10 Copies of share certificate

Company seal

Incorporation kit

Commencement of business certificate

Income tax return filing of Public Limited   company

Board resolution preparation

Annual report

MCA annual filing

Preparation of financial statement

Director report

1 year compliances support

Apply now
card

Rs.

55000

45000

Avatar-10

All inclusive

All inclusive

Premium

Class 3 digital signature certificate - 3 pcs

Director identification numbers - 3 number

RUN name approval

Up to 15 lakh authorized capital

Incorporation fee

Stamp duty

Incorporation certificate

GST registration

ESI registration

PF registration

PAN and TAN

15 Copies of MOA

15 Copies of AOA

10 Copies of share certificate

Company seal

Incorporation kit

Commencement of business certificate

Income tax return filing of pvt ltd company

Board resolution preparation

Annual report

MCA annual filing

Preparation of financial statement

Director report

1 year compliances support

Udyam registration MSME

Accounts keeping in software

GST filing - 12 months.

Apply now
card

Rs.

60000

50000

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