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  • 121 King Street, Australia
  • example@gmail.com
  • (00) 2500-123-4567

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Earendil | Public Limited Company Registration

Fund raising from public made possible with public limited company

A public limited company structure is suitable for businesses which are planning to raise funds from general public through stock market by getting listed or through public deposits. A public limited company needs a minimum of 7 members/shareholders and 3 directors. It has higher compliance requirements as compared to a private limited company. A private limited company which is a subsidiary of a Public Limited Company, will also be deemed to be a Public Company.

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REQUIREMENTS FOR PUBLIC LIMITED COMPANY

  • A minimum of two shareholders and two directors are required.
  • PAN Card of Directors and Shareholders.
  • Photographs of Directors and Shareholders.
  • Driver’s license or Aadhar card or Voters ID of Directors/Shareholders.
  • In the event that Registered Office Address is freehold – the property ownership documents.
  • Supposing that the Registered Office Address is a leasehold – the rental agreement.
  • In case of leasehold, NOC from the landlord(Name mentioned in the Electricity Bill or Gas Bill or Water Bill or Property Tax Receipt or Sale Deed) for Registered Office Address.
  • Document of any utility service like telephone, gas, electricity, etc. of the owner as evidence of address of the premises.

WHY REGISTER WITH EARENDIL

  • Your Earendil Chartered Accountant will be guiding you through the process. He/she will be your single point of contact for registration assistance and for all other services that we offer.
  • Our motto is “You only do what you do best; to us, leave the rest”. We assure that once we start our relationship, you wouldn’t have to think about the areas which we handle.
  • We want you to not just Start your Business, but also to Run Your Business. With us, your first month of compliances such as TDS, GST and processes such as payroll and accounting are free to ease you into your business.
  • We will also assist you with setting up and documenting Standard Operating Procedures (SOPs) for your business.

PUBLIC LIMITED COMPANY REGISTRATION

The Public Limited Company registration process flow provided above is for your reference. With our services, you need not worry about it. Just submit the required documents and we will take care of the rest.

Earendil Chartered Accountant

will guide you through the process and will be your single point of contact for registration assistance.

Digital Signatures and DIN

Obtaining digital signature and Director Identification Number(DIN) for the Directors is the foremost part of the incorporation process. Digital Signatures are free for three directors in our plans.

Name Approval

The company name is registered with MCA with an application for name reservations. The name of the company should always end with Limited.

Incorporation Certificate Process

Post name approval, MoA and AoA are submitted to MCA. Also proof of identity, address, and registered office address are to be submitted.

Statutory Registrations

We will take out PAN, TAN, GST and other registrations as required post incorporation. The Public Limited Company registration process flow provided above is for your reference. With our services, you need not worry about it. Just submit the required documents and we will take care of the rest.

Certificate of Commencement

A public company, unlike a private limited company, can start business operations only after receiving the Certificate of Commencement.

PUBLIC LIMITED COMPANY BENEFITS

Distinct Legal Entity

A Public Limited Companies separate from its shareholders thereby ensuring perpetual succession and easier transfer of shares.

Limited Liability

The liability of each shareholder is fixed at the contribution to share capital. Therefore, in the event of any financial distress, the personal assets of the shareholders will not be used to pay the debt.

External Funding

Public Limited Company structure is suitable for getting funds through private equity, angel investors and venture capital. Unlike private limited companies, public limited companies can raise funds from the public through IPO’s (stock market) or Deposits.

No of members/shareholders

There is no cap on the maximum number of members/shareholders thereby enabling a higher fundraising potential.

Transferability of shares

Shares can be transferred easily.