A public limited company enjoys a better avenue in terms of borrowing of the funds. A public limited company can be either a listed one or an unlisted one. A public company has to follow much more compliances as compared to a Private limited company. It can deal in both secured and unsecured debts. A public limited company allows you to trade in the market and issue shares, debentures and accept deposits. A public limited company registration is always beneficial because a public limited company is preferred to provide big financial loans as compared to LLPs and Firms. Incorporation of Public company under Companies Act 2013 gives the ease of doing business, better transferability, more transparency and more accountability of the company towards shareholder.
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To incorporate a public company one need to apply at the MCA (Ministry of the corporate affair) Portal along with the requisite documents.
Once you are ready with the documents, you may proceed for Public company registration as defined in below steps:
Apply for DSC, in order to verify and upload the desired forms to be filled online at the MCA portal. Thereafter one proceeds for DIN application. However in the case of newly proposed directors at the time of application of incorporation of a public company can be, the DIN can be obtained along with the incorporation application itself.
Apply for name approval in e-Form RUN and check the availability of name. At a time you can propose two names along in order of preference, along with the fees of Rs 1000/- at a time.
Form SPICE 32 is required to fill for the purpose of Public company incorporation along with the documents as stated above.
Well with new Public company incorporation form SPICE 32, one can apply for PAN and TAN along with the incorporation Form.
The Taxes are to be paid annually and at the flat rate of 30% on the total income and surcharge of 5% is also applicable if the income exceeds 10 Million plus 3% Education cess & Secondary and Higher Education cess on the total of income tax and surcharge. The Public Limited Company is considered a tax resident hence tax is levied under Income Tax Act, 1961 at flat 30% rate.
Swarit advisors offer all kind of income tax filing services for public limited company and other companies at very reasonable rate along with the yearly subscription facility. The services pertains and includes everything dedicated to accounts, financial statements, preparation and filing of MCA return, income tax return, GST return filling etc.
A public company shall strictly adhere to the compliances pursuant to the Companies Act 2013.In the case of listed companies all the compliances pertaining to the SEBI Regulations.
A public company is also obliged to adhere to the compliances of notifications issued as and when applicable and such other regulations pertaining to the FERA, FEMA, SEBI(Listing Obligations and disclosure requirements) Regulations 2015( LODR Regulations).
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It takes around 8-10 days to register a Public limited company, excluding the delays on the part of government authorities.
No, you can register it at your residential address too.
Yes, definitely, an NRI can be a director, however, one of the directors on board should be Indian.
Statutory fees are included in our package and we shall send you the detailed invoice about the fees structure.
The validity pertains to life, that is untill the company is wound up and certificate of registration is surrendered.