A public limited company delights the benefits of limited liabilities for its shareholders and provides all the right to sell their shares for raising the funds. Any interested investors can fund in the shares of a public limited company.
Following are the procedures/steps to do registration for Public Limited Company in India:
Step 1: Obtaining DSC (Digital Signature Certificate)
Step 2: Obtaining the DIN (Director Identification Number)
Step 3: Bidding for Company Name Registration
Step 4: Bidding for Incorporation of company
Step 5: Apply for PAN, in Name of New Company
Step 6: Open Current Account in Bank
Step 7: File Intimation to ROC about Appointment of First Auditors of Company
Step 8: Apply for GST Registration
Criteria for the Public Limited Company:
Following are some of the criteria for Public limited company registration in India that must be followed:
- Minimum 7 administrators
Minimum 3 Shareholders
Administrators and Shareholders would be the identical character
Minimum Share capital should be Rs.5, 00,000
Utility of DIN allotment for all directors
DSC for two directors
Completing all these steps we need to pay for the registration. Payment can be done through online as well as offline with the help of some agencies like Company Registration Online. They are providing services like service tax registration, TIN registration, Sales tax registration, e-filing and so on.