Public Limited Company Registration in Bangalore
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Basic
- DSC for Seven Promoter
- DIN for Three Directors
- Name Approval of Company
- MOA & AOA of the Company
- Certificate of Incorporation
- PAN & TAN of Company
Silver
- Everything of Basic Pack +
- Commencement of Business Certificate
- Issue of Share Certificate for Promoters
- Stamp Duty on Share Certificate
- MSME Registration
- GST Registration
Gold
- Everything from Silver Pack +
- First Auditor Appointment
- Filing of ADT-1 Form to ROC
- GST Ready Cloud A/c Software
- GST Return for Six Month
- TDS Return for Six Month
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Overview
A Public Limited Company is established, incorporated and regulated under the Companies Act, 2013. Its ownership is shared among its shareholders in the ratio of the shares they hold or the capital they’ve invested in the company. Moreover, ownership can be easily transferred by trading the shares of the company on public platforms like Stock Exchange Markets, to investors and the general public alike. The shareholders share the profits of the company in a fixed ratio mutually agreed by them, while their liabilities are fixed to the amount of capital they’ve subscribed in the company.
Advantages
- Annual filing on time of a public limited company attracts more investors and customers in the market as it increases the financial transparency of the company. In simple terms, annual filing increases the credibility of the public limited company.
- Many times small startups or businesses do not do annual filing and basic compliances because of low funds or less knowledge which results in heavy fines and penalties. Regular annual filing avoids the heavy penalties and fines levied on the defaulted public limited companies.
- Fulfilling of annual filing and compliances give a competitive edge to the public limited companies.
- Annual filing helps to get a fair idea of the financial condition of the public limited company.
Process
STEP 1
Documentation:
To apply for the incorporation of Public Limited Company, you must produce certain documents as prescribed by law. A list of all such documents has been mentioned in the next section. Before even beginning the process of Company Registration, you must ensure that you are in possession of all these documents, and if you miss any of them, you must arrange for it as quickly as possible.
STEP 2
Select Company Name
The name of a Public Limited Company must be unique and communicative of its brand and business activity. Moreover, the Companies Act, the Company (Incorporation) Rules, the Trademark Act, and the Names and Emblems Act, lay down a set of mandatory guidelines that are required to be followed while naming a company. The name of a company must not be similar or identical to the name of an existing company / LLP, or an applied or registered trademark. To get a complete overview, read our article on name approval guidelines.
STEP 3
Reserve Company Name
Once you’ve selected a valid name for the company, you must reserve it with the Registrar of Companies, to prevent its misuse and plagiarism by other business entities. For this, all you need to do is avail our services of company name approval and reservation, where we will not only search the validity of the names proposed by you, but also apply for its reservation in the RUN (Reserve Unique Name) or PART A of the SPICe+ applications.
STEP 4
Filing of SPICe+ application
After approving the name of a Public Limited Company, you can proceed with its incorporation. To apply for the incorporation of the company, you are required to fill out the online SPICe+ application available on the official website of MCA. The application is divided into two parts- PART A for the name reservation and PART B for company incorporation. The application is filled out and signed by any one director of the company, and submitted to the ROC along with the prescribed set of documents attached with it.
STEP 5
Issuance of Certificate of Incorporation and CIN
The ROC, after receiving the application for incorporation, verifies all the details and documents furnished in it. Only after the ROC is satisfied with the authenticity of such details and documents, he shall register the Public Limited Company, and issue a Certificate of Incorporation to the company as a conclusive proof of such registration. Additionally, the ROC also allots a Corporate Identification Number as the unique identity of the company.
STEP 6
Issuance of PAN and TAN
Immediately after the Certificate of Incorporation is issued to the company by the ROC, the Ministry of Finance issues the PAN and TAN to the company. While a PAN is a necessary document for tax payments and compliances, TAN is required to entitle the company for deducting and collecting taxes at source.
STEP 7
Filing Form 20 A
A Public Limited Company can commence business operations before, during or after its incorporation. However, if it has not commenced its business operations even after its incorporation, the law provides a maximum window of 6 months from the date of issuance of Certificate of Incorporation, within which the company must begin its business activities and intimate the same to the ROC in Form INC 20A. If the 6 months window expires without the company commencing its business activities, it stands the risk of being struck off from the Register of the ROC.
Benefits
Documents Required
A. Promoters Document
- Passport Size Color Photograph
- Self attested Pan Card
- Self attested Aadhar Card
- Address Proof: (any one document)
Telephone Bill
Gas Bill,
Electricity Bill
Bank Statement - Identity Proof: (any one document)
Passport
Voter ID
Driving License
B. Docs of Registered Office
- Proof of Premises:
Telephone
Electricity
Water Bill - No Objection Certificate (NOC) From Owner
- Download NOC Format
C. Legal Drafts
- Questionnaire For Company Registration
- Consent of Directors in Form DIR-2
- Specimen Signature of Directors
- Signed Subscriber Sheet
Why Bizivalue ?
Registering a company offers many benefits. A registered company makes it genuine and increases the authenticity of your business.
– Shields from personal liability and protects from other risks and losses.
– Attracts more customers
– Procures bank credits and good investment from reliable investors with ease.
– Offers liability protection to protect your company’s assets
– Greater capital contribution and greater stability
– Increases the potential to grow big and expand
– You will also get Zero Balance Current Account
Faqs
The registrar of companies (RoC) across India expect applicants to follow a few naming guidelines. Some of them are subjective, which means that approval can depend on the opinion of the officer handling your application. However, the more closely you follow the rules listed below, the better your chances of approval. First, however, do ensure that your name is available.
If you have all the documents in order, it will take no longer than 15 days. However, this is dependent on the workload of the registrar.
No, new company registration is a fully online process. As all documents are filed electronically, you would not need to be physically present at all. You would need to send us scanned copies of all the required documents & forms.
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