Public Limited Company Registration / Public Company Registration
Public Limited Company Registration in Kota / Public Company Registration in Kota – Step-by-Step Process
What is a Public Limited Company Registration in Kota / Public Company Registration in Kota?
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public company can be listed on a stock exchange, which facilitates the trade of shares, or not. The daily trading which happens in the market will determine the worth of an entire company. It is termed as “public” as the shareholders, who become equity owners of the firm, may be composed of any individual who buys stock in the firm. It is a compulsory requirement under the Act for all public companies to add the word ‘limited’ after their name.
A Public Limited Company is governed by the Companies Act of 2013, which defines it as a company which is not a “private company”, “has a minimum amount of capital as prescribed” (which is nil), and “has a minimum of seven shareholders”. The Companies Act, 2013 regulates the working of Public Limited Company.
What are the characteristics/ features of a Public Limited Company Registration in Kota / Public Company Registration in Kota?
Limited Liability: Shareholders of a public company have limited liability, meaning their personal assets are protected, and their liability is restricted to the amount invested in the company.
Perpetual Succession: A public company has a perpetual existence, irrespective of changes in its ownership or management. The company continues to exist until it is legally dissolved.
Share Capital and Transferability of Shares: Public companies raise capital by issuing shares to the public. These shares can be freely bought and sold on the stock exchange, allowing for liquidity and easy transferability.
Minimum Capital Requirement: Public companies are required to have a minimum authorized and paid-up capital (which is nil as per Companies Act, 2013) as specified by the Companies Act.
Number of Members: A public company must have a minimum number of seven (7) shareholders (members), and there is no upper limit on the maximum number of members.
Public Offer: One of the defining features is the ability to raise funds by making a public offer of its securities. This involves issuing a prospectus to the public, inviting them to subscribe for the shares or debentures of the company.
Listing on Stock Exchange: Public companies may get their securities listed on recognized stock exchanges. This listing provides a platform for trading the company’s shares among the public.
Board Composition: Public companies typically have a larger board of directors, including independent directors, to ensure transparency and good governance.
Financial Reporting: As per the provisions of the Companies Act, 2013 to start a public limited company, a minimum of 3 directors are required and there can be a maximum of 15 directors. Public companies are required to disclose their financial performance and position regularly. They must file annual reports, financial statements, and other documents with regulatory authorities like the Registrar of Companies (ROC).
Regulatory Compliance: Public companies are subject to more extensive regulatory requirements and disclosure norms compared to private companies. They need to comply with the regulations of the Securities and Exchange Board of India (SEBI) and other relevant authorities.
Requirements for registration of a Public Limited Company Registration in Kota / Public Company Registration in Kota .
There are various rules and regulations prescribed under the Act for the formation of a public limited company. Here is what you should keep in mind when registering a public limited company:
1. A minimum 7 shareholders are required to form a public limited company.
2. A minimum of 3 directors is required to form a public limited company.
3. Shareholders can be individuals or corporate entities.
4. Obtain approval for the proposed company name from the Ministry of Corporate Affairs (MCA).
5. The name of the company must be as per the provision of the Company Act and Rules.
6. Obtain DSC for all directors/shareholders. This is required for filing electronic Forms with Central Registration Centre (CRC).
7. Draft MOA and AOA, which define the company’s objectives and rules for its internal management.
8. Pay the requisite fees for the incorporation of the company.
Procedure for Registration of a Public Limited Company Registration in Kota / Public Company Registration in Kota:
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1. Obtain Digital Signature Certificate (DSC): Acquire Digital Signatures for proposed directors to digitally sign documents.
2. Director Identification Number (DIN): Obtain Director Identification Numbers (DIN) for the directors, required by the Companies Act.
3. Name Reservation (SPICe+ part A): Choose a unique name for the company, ensuring it complies with the naming rules outlined in the Companies Act. Submit an application to reserve the chosen name with the Registrar of Companies (ROC).
4. Form SPICe + Part B(Simplified Proforma for Incorporating Company electronically): MCA has introduced Form SPICe + for the registration of new companies in Kota or India. The incorporation under Part B of the SPICe+ form is also web-based and streamlines the incorporation of companies.
Upon the name approval, the applicant can click on the link of the approved name (available on the user’s dashboard) and continue to complete the incorporation. The Part-B of the new SPICe+ form enables the web-based incorporation and serves the following purposes with the benefit of a single application:
–Application for allotment of DIN (Director Identification Number)
–Reservation of company name
–Incorporation of a new company
–Application for PAN and TAN(mandatory)
–Application for EPFO registration (mandatory)
–Application for ESIC registration (mandatory)
–Application for Professional tax registration (only for Maharashtra)
–Application for opening a bank account for the company (mandatory)
–Allotment of GSTN (Goods and Service Tax registration number) if applied for (optional)
The details filled in Part-A and Part-B of SPICe+ will be automatically filled in the linked forms AGILE-PRO, e-AOA, e-MOA, and INC-9 (as applicable).
All these forms have to be downloaded in PDF and digitally signed, and later submitted for incorporation purposes. Upon filling of the SPICe+ form, the user has to also download the form SPICe+ in a PDF format and affix the DSC to digitally sign the form.
The digital signature of a professional is required to file Form Spice+. The professional must certify that all the information given in the form is correct. The professional can be a Chartered Accountant, Company Secretary, or Cost Accountant.
5. e-MoA (INC-33) and e-AoA (INC-34): e-MoA refers to an electronic Memorandum of Association and e-AoA is an electronic Articles of Association. These forms have been introduced to simplify the process of company registration in Kota or India. Memorandum represents the charter of the company while articles of association contain the internal rules and regulations of the company.
6. PAN and TAN Application: Through this single form SPICe+, you can also apply for the company’s PAN and TAN.
Documents Required for Incorporating a Public Limited Company Registration in Kota / Public Company Registration in Kota:
Scanned Copies of Pan cards of all applicants
Scanned Passport-size Photo of all applicants.
Scanned Copy of the Aadhaar Card.
Scanned Copy of bank statement / Utility Bill of applicants (any one of these documents)
A scanned Copy of the Utility bill of the registered office [Which will be mentioned as the registered office of purposed Proposed Company]
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Registration Service Provides the Following Services in Kota
Private Company Registration, Public company registration, Nidhi Company Registration, (FPO/FPC) Farmer Producer Company Registration, One person company (OPC) Registration, NGO – Section 8 Company Registration, LLP- Limited Liability Partnership Registration, Proprietorship Firm Registration, Partnership Firm Registration, Import Export Code (IEC), MSME Registration, BRN – Business Registration Number, Accounting Service, Income Tax Return, Salaried Return, Business Return, Share Market Return, Project Reports, Individual Audit, Company Audit, Company Compliances, GST Audit, GST Annual Filling, GST Registration, GST Return, PF Registration, PF Return, ESI Registration, ESI Return, Digital Signature certificate (DSC), Trademark Registration, Reply of Examination Report in Trademark Registration.
Registration service provides the public company registration service in the following cities of Rajasthan:
Public company registration In Ajmer
Public company registration In Alwar
Public company registration In Anoopgarh
Public company registration In Balotra
Public company registration In Banswara
Public company registration In Baran
Public company registration In Barmer
Public company registration In Beawar
Public company registration In Bharatpur
Public company registration In Bhilwara
Public company registration In Bikaner
Public company registration In Bundi
Public company registration In Chittorgarh
Public company registration In Churu
Public company registration In Dausa
Public company registration In Deeg
Public company registration In Dholpur
Public company registration In Didwana Kuchaman
Public company registration In Dudu
Public company registration In Dungarpur
Public company registration In Ganganagar
Public company registration In Gangapurcity
Public company registration In Hanumangarh
Public company registration In Jaipur
Public company registration In Jaisalmer
Public company registration In Jalore
Public company registration In Jhalawar
Public company registration In Jhunjhunu
Public company registration In Jodhpur
Public company registration In Karauli
Public company registration In Kekri
Public company registration In Khairthal-Tijara
Public company registration In Kota
Public company registration In Kotputli-Behror
Public company registration In Nagaur
Public company registration In Neem Ka Thana
Public company registration In Pali
Public company registration In Phalodi
Public company registration In Pratapgarh
Public company registration In Rajsamand
Public company registration in Ramganj Mandi
Public company registration In Salumbar
Public company registration In Sanchor
Public company registration In Sawai Madhopur
Public company registration In Shahpura
Public company registration In Sikar
Public company registration In Sirohi
Public company registration In Tonk
Public company registration In Udaipur