With the help of TaxfilllingIndia.com, you can effortlessly register a Public Limited Company online in India. We will offer us assistance with the documentation, planning, filing, and follow-up with the ROC.
A Public Limited Company is formed in accordance with The Companies Act of 2013 and the rules that were set therein. A public limited corporation must have seven or more promoters, of whom at least three should serve as the organization’s initial directors. A public limited company may have as many stockholders as it chooses, but the maximum number of directors that can currently serve is fifteen; this number may be expanded.
A minimum of seven individuals who will serve as the business’s shareholders can register a corporation in India. The maximum number of directors may not be more than 15, and there is no restriction on the number of shareholders.
The corporation’s one Indian-resident director is a requirement. Regardless of citizenship, a person is considered to be a resident if they spend at least 182 days in India during the previous fiscal year. Phased lengths of stay are also possible.
The proposed company name must not be similar to any already-existing corporation or LLP. To further guarantee that the name does not coincide with any already registered or pending trademarks in India, you must examine the trademark registration.
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The Ministry of Corporate Affairs, Government of India, assigns a CIN to any company that registers in India.
A CIN is a 21-digit number that includes details such as the status (listed or unlisted), NIC code of the company activity, state of registration, year of registration, private or public, and sequential registration number in the relevant state.
1. SPICe -INC-32: A statutory statement verifying conformity with legal requirements under the Companies Act for the registration of a new company shall be filed at the time of incorporation of a business. The form also includes information on the company’s founding directors and registered office.
2. The company’s electronic memorandum of association, INC-33
3. The company’s electronic Articles of Association, INC-34 eAOA
The Ministry of Corporate Affairs, Government of India, issues Directors of companies or Designated Partners of LLPs with identity numbers known as DINs. The Ministry of Corporate Affairs must receive an online application for a DIN together with a copy of the applicant’s identity and address proof and a declaration from the applicant. A practising company secretary, chartered accountant, or cost accountant must sign the online DIN application. Currently, a DIN is only assigned when a new company is incorporated or, in the case of the nomination of directors, when a proposal is made by the relevant firm.
DSC is a recognised method of electronic signature in law. Asymmetric cryptography is used to imitate the security characteristics of a handwritten signature on paper using digital signatures. Two algorithms are often provided by digital signature schemes: one for signing using the user’s secret or private key and the other for verifying signatures with the user’s public key. Digital signatures are the result of the signing process.
A company’s charter is contained in its MOA. A memorandum is registered to become a corporation.
The MOA includes a company’s name, the state in which its registered office is situated, its aims, and its authorised capital. The original firm promoters will digitally subscribe to the MOA. Aside from those required fields, they must additionally input their name, father’s name, home address, occupation, and the amount of shares they agree to subscribe for in the firm. The witness who is familiar with the subscribers should also sign the MOA.
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