Are you considering registering your business as a Public Limited Company? At Tax Suvidha Kendra, we provide expert guidance and assistance in Public Limited Company Registration in Delhi.
Public Limited Company Registration
A Public Limited Company is a type of company in which the shares are publicly traded on a stock exchange, providing greater access to funding and increased credibility. Registering your business as a Public Limited Company can help you to attract investors and raise capital to expand your business.
At Tax Suvidha Kendra, we understand the complex legal and regulatory requirements involved in Public Limited Company Registration and can help you to navigate the process with ease. Our team of experienced professionals will assist you with all the necessary documentation and filing of applications, ensuring a smooth and hassle-free registration process. So, if you’re looking for a reliable Public Limited Company Registration Service Provider in Delhi, look no further than Tax Suvidha Kendra.
Why do you need a Public Limited Company Registration?
1. Access to Capital
A Public Limited Company can raise capital by issuing shares to the public through stock exchanges. This allows the company to raise large amounts of capital, which can be used for expansion and growth.
2.Limited Liability
A Public Limited Company is a separate legal entity, which means that the personal assets of the company’s owners (shareholders) are protected from any business-related debts or losses. This limited liability feature is a key advantage of a Public Limited Company, and it can give you greater peace of mind and financial security.
3. Credibility
Registering your business as a Public Limited Company can increase your business’s credibility and reputation in the eyes of customers, suppliers, and investors. It shows that you are serious about your business and willing to comply with legal and regulatory requirements.
4. Transfer of Ownership
Shares of a Public Limited Company can be easily bought or sold, allowing for the transfer of ownership without affecting the company’s operations.
5. Tax Benefits
Public Limited Companies enjoy various tax benefits, such as exemptions on dividend distribution tax, tax-deductible expenses, and reduced tax rates on long-term capital gains.
Documents Required for Public Limited Company Registration
- Identity Proof: PAN card of the proposed directors and shareholders
- Address Proof: Aadhaar Card or Voter ID or Driving License or Passport of the proposed directors and shareholders
- Address Proof: Utility bill (electricity bill/telephone bill/mobile bill/bank statement) of the proposed registered office address
- NOC: No Objection Certificate from the landlord of the proposed registered office
- Memorandum of Association (MOA): The MOA defines the business objectives, the name of the company, and the authorized share capital of the company.
- Articles of Association (AOA): The AOA defines the rules and regulations governing the company's internal management and operation.
- Director Identification Number (DIN): DIN is a unique identification number issued to all directors of a company.
- Digital Signature Certificate (DSC): A DSC is required for signing and filing of the registration documents with the Ministry of Corporate Affairs.
- Declaration: A declaration stating compliance with the provisions of the Companies Act 2013.
Note: The documents required may vary based on the state of registration and the specific requirements of the Registrar of Companies. It is advisable to consult a professional service provider for guidance on the registration process and document requirements.
FAQ's
PLCs have the advantage of limited liability, which means that the shareholders’ liability is limited to their investment in the company. They also have access to a larger pool of capital and can issue shares to the public, which can be listed on stock exchanges.
To register a PLC, you need a minimum of 7 shareholders, 3 directors, and a registered office address in India.
The registration process for a PLC usually takes around 15-20 days, subject to the availability of all the required documents and approvals from the Registrar of Companies. However, the timeline may vary depending on the state of registration and the specific requirements of the Registrar.
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