In India, public companies must have a minimum of 3 directors and 7 shareholders and a maximum of 15 directors. However, company may appoint more than fifteen directors after passing a special resolution. Public limited companies have all the advantages of a private limited company and many more, but are subjected to greater regulation, particularly if you choose to get listed on a stock exchange you are required a minimum sum of Rs. 5 lakh of paid-up capital.
A Public Limited Company normally takes 35-45 days to set-up, depending on your proper documents, work pressure at MCA and much else.
- DSC Application – DSC (Digital Signature) application required to make for 2 directors in the Company. The same is necessary for filling of document in the next step.
- Application for Company Name.
- Inc 29/Spice – After receiving DSC, we will inform you and ask from you further documents required to file Form Inc 29/Spice with MCA for apply of name and getting Certificate of Incorporation.
- INC Form 20A– After receiving certificate of incorporation company has to file INC Form 20A with MCA for getting Commencement Certificate.
- PAN & TAN Application - After company incorporation we will be applying PAN and TAN (if required) for your company
- DSC Application - Hard copy of completed Class-II form,
- Identity Proof: Self-attested copy of PAN card or, in case of foreign national, copy of Passport
- Address Proof: Self-attested copy of (any one) Passport/Election/Voter ID/Ration Card/Driver’s License/Utilities Bill/AADHAR Card. If the Utilities Bill (Electricity/Telephone) is submitted, it should be in the name of the Applicant and no older than 2 months from the filing of the form (12 months, in case of foreign national).
- INC 29- INC Form 20A– After receiving certificate of incorporation company has to file INC Form 20A with MCA for getting Commencement Certificate.
- DIN Application: Up to 2 directors may apply for the Director Information Number (DIN).To apply, you need a scanned copy of a Passport-sized photograph, the PAN card (Passport in case of foreign national), soft copy of Driver’s License/Voter ID/Latest Utilities Bill. Indian nationals would have to self-attest these documents. Foreign nationals residing in commonwealth countries would need them notarised by the Indian embassy. Those not in commonwealth nations would also need them apostilled. If your company has more than 2 directors without DINs, you would need to provide their details and apply for DINs separately (DSCs would also be required).
- Name Approval: You need to have settled on a name for your company and describe its significance in a single line.
- MoA and AoA: Memorandum and Articles of Association, which would also contain the main objects of your business. To the MoA you would need to attach an affidavit from all subscribers in Form INC-9.
- Registered Office Verification: As part of the filing, you will need to provide details about the registered office address. For this, you would need to provide a copy of the latest utility bill for the office address, a copy of the Rental Agreement along with an NoC from the owner (if rented property) and sale deed (if property is owned).
- Appointment Letters and Declarations: Letters of appointment of directors, CEO, managers, declaration by first director in INC-9, and declararion by appointee director and managing director in Form DIR-2. All of these would need to be self-attested. A Company Secretary would also need to give a declaration toward the proposed company verifying the authenticity of the declarations.
