A Public Limited Company Registration in Patiala is defined Under Section 2(71) of the Companies Act 2013 as
|Minimum Paid-up share capital||INR 5 lakhs|
|Minimum Number of Directors||3|
|Minimum Number of Directors||50|
|Minimum number of Shareholders||7|
|Maximum number of Shareholders||No Limit|
Firstly, it is necessary to comply with the legal requirements of minimum paid-up share capital, the number of Directors in the Company. Further steps can be carried only if the initial steps are implemented.
The Digital Signature Certificate and the Director Identification Number of the proposed directors must be obtained. The Directors however can only be individuals and not entities like the LLP or the financial institutions. The directors need not be the shareholders in the company.
It is very important to have a proper address to be recognized as the registered office of the company. The registered office has to be registered with the Registrar of companies, the correspondence related to business is made to the Registered office by the ROC. Here the registration fee is dependent on the authorized capital of the Company.
The name of the company needs to be approved by the ROC. The name of the Company must end with the word Limited. This application is filed in the RUN form of the MCA. Provide the names in the order of preference.
Once the name of the company gets approval the next step involves the execution of important documents like the MOA and AOA. Now, these documents can be prepared and submitted online.
After the documents are prepared they are sent to the Registrar of Companies for verification.
Once the verification of the documents is done the ROC registers the company and issues an Incorporation certificate along with the Corporate Identification Number of the company. A Public Limited Company in Patiala cannot start with the business immediately. The Certificate of Incorporation is to be received, The public Limited company has to make an application Certificate of Commencement of business within 190 days after receiving the COI and also has to state that all the subscribers have paid the subscription money.
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Last updated: Apr 20, 2023
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Public Limited Company Registration In Patiala FAQ's
What are the statutory compliances for limited companies registered in Patiala?
Can NRIs or foreign nationals be directors in a public limited company?
For how long is the incorporation of a Public limited company valid?
What documents are to be submitted to obtain limited company registration in Patiala?