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Separate Legal Entity
A company is a legal entity and a juristic person established under the Act. Therefore a company form of organization has wide legal capacity and can own property and also incur debts. The members (Shareholders/Directors) of a company have no liability to the creditors of a company for such debts.
Easy Transferability
Shares of a company limited by shares are transferable by a shareholder to any other person. Filing and signing a share transfer form and handing over the buyer of the shares along with share certificate can easily transfer shares.
Owning Property
A company being a juristic person, can acquire, own, enjoy and alienate, property in its own name. No shareholder can make any claim upon the property of the company so long as the company is a going concern.
Minimum Seven Person
Seven person is needed to become the shareholder of the company. However, there is no limit of shareholders.
No Minimum Capital
Invest as per requirement of your business, and there is No Minimum capital required as such, The government fee is based on the capital.
One Resident Director
One director of the company must be resident in India. A person is said, resident, when he stays in India for at least 182 days in the FY.
How It Works
Step wise Procedure to Start Public Limited Company Registration
Digital Signature of Director
As the application for Company Incorporation is filed online, the process starts with the issuance of Digital Signatures of class two.
Name Approval Of Company
The Company name must be unique and should not be same or similar to an existing company, LLP or a trademark.
Filing for Incorporation
One single application (spice 32) is filed for incorporation of the company. with the approval of this the Certificate is Issued.
PAN, TAN & Bank Account
The IT Department allots PAN & TAN, which is mentioned on the certificate of incorporation. Next is Bank A/c opening.
Personalized Services For Every Type of Business
We are here to deliver quality and prompt professional services on time and all the time at economical rates with an aim to be the first choice amongst the entrepreneurs.
Satisfaction Guaranteed!
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