One of the most crucial initial procedures a person undertakes to create a legal entity in India is registering the company. It comprises several legal procedures and the fulfillment of legal requirements of the government of the country in which the type of company the individual wishes to establish is located. A public limited company should have at least 3 directors and can have a maximum of 15 directors. The general public can acquire such companies either by investing in IPOs or by trading or stock market. Each shareholder in such a company has limited liability.
The registration of a company has several reasons, as will be discussed below. It legalizes your business and gives you the authority to carry out your operations legally. Through company registration, it is easier to enter into contracts, acquire finances, and diversify the business. To enhance stakeholders' confidence, like customers, investors, and banks, a business entity has to register its name. To become a listed entity in the share market and start an IPO, companies can go for public limited company registration.
1. Legal Recognition: Helps in the formation of your business entity under the laws of India.
2. Tax Advantages: Qualifies for several more tax credits.
3. Limited Liability: Shields the individuals’ assets from those of the business or enterprise it is operating from.
4. Easier Fundraising: Improves investor and bank confidence in the company.
5. Perpetual Succession: The company also perseveres whenever it undergoes transfers of ownership.
6. Supports Expansion: The concept also helps to open up fresh markets and expand.
Such types of registration also involve papers on which proof regarding the legality of establishment and operation in that company would be represented:
1. Visit the MCA website for incorporation:
Firstly, visit the MCA website for incorporation of a company.
2. Apply for DIN and DSC
Each director shall apply for DIN and DSC to obtain incorporation.
3. Obtain Approval for Company Name
To obtain the desired name, use the MCA website for the application and wait for its approval.
4. Complete and submit the application form
Fill up the MCA portal registration form by providing company details like name, type of entity, and business activities.
5. Upload Required Documents
Upload all documents as required according to the application guidelines.
6. Pay the registration fee
Pay the applicable registration fees according to the instructions on the portal.
7. Application Review and Approval
The MCA scrutinizes the application and calls for additional information if necessary.
8. Obtain a Certificate of Incorporation
Once verified, the MCA provides a Certificate of Incorporation and evidence that a company has been formed and registered.
We enable you to register your company with all the help that you require. We have a dedicated staff of specialists who always take care of all legal issues so that your company complies with all the legal requirements. Regardless of whether one is a sole trader or venturing to initiate a private limited company, we can help you with your requirements. Give us a call today to see how we can help you begin your Public Limited Company Registration or if you have any questions.
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