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Public Limited Company Registration in West Bengal

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6619

Expected To Be Complete* : 20 Apr 2023

Inclusive of government fees for Name Approval and authorized capital of INR 1 lakh and digital signature certificate for 3 subscribers.
Note : Above mentioned government fees as per Delhi state, for any state Government fees, exceed INR 500 shall be collected extra.

LIST OF DOCUMENTS REQUIRED FOR PUBLIC LIMITED COMPANY REGISTRATION IN WEST BENGAL

Company Details 

  1. Two Proposed Names
  2. The objective of the proposed company

Subscribers & Director’s Documents 

  1. PAN Card of all the Subscribers/Directors
  2. Photograph of all the Subscribers/Directors
  3. Aadhar Card of the Subscribers/Directors
  4. Mobile and Email of all the Subscribers/Directors
  5. DL/Voter ID/ passport, anyone documents of all the Subscribers/Directors
  6. Bank statement/ Electricity Bill in the name of the Subscribers/Directors, anyone documents of all the subscribers/directors

Proof of Registered Office

  1. Latest utility bill i.e. electricity, landline, water bill, etc.
  2. For a rented place,  a rent agreement is required in the name of the proposed company

Note:

Subscribers must have a hard copy of PAN and Address proof for the video verification of obtaining a digital signature (DSC)

DELIVERABLE UNDER PUBLIC LIMITED COMPANY REGISTRATION IN WEST BENGAL

  1. Certificate of incorporation
  2. Company name approval  
  3. Director identification numbers (DIN) 
  4. Digital signature token for directors 
  5. Memorandum of association 
  6. Articles of association 
  7. ESI/PF registration
  8. Company PAN card 
  9. Company TAN number  

PROCESS OF PUBLIC LIMITED COMPANY REGISTRATION IN WEST BENGAL

Step-1 Choose a unique name for your company using  Spice+ Part-A.

Step-2 Apply for DSC for subscribers.

Step-3 Drafting of DIR-2 & other documents.

Step-4 Online preparation of Spice+ PartB , eMOA, eAOA & AGILEPRO.

Step-5 Online filing of Spice+ Part B, eMOA, eAOA & AGILEPRO.

Step-6 Get a certificate of incorporation, PAN & TAN of your company.

SERVICE DELIVERY TIME IN WEST BENGAL

20-30 Working days of post-submission of documents

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PUBLIC LIMITED COMPANY REGISTRATION

The Companies Act 2013 categorizes companies as public limited companies and private limited companies. According to the provisions of section 2(71), a public company is a company that is not a private company. If we see the definition of a public company it is clear that a public company does not have the restrictions of a private company in its articles, which means a public company:

  • Can transfer its shares freely
  • Have a minimum of 7 members and no limit for the maximum number of members
  • Can raise funds from the general public.

A public company has to put the words “limited” in its name.

The Advantages of Public Limited Company Registration in West Bengal

A company form of business has many benefits over a sole proprietorship or partnership form of business. We already know a company form of business provides

More opportunities to grow and diversify but most business owners go for a private limited company as it gives more freedom to operate a business. A private company has to comply with fewer regulations as compared to a public company but incorporating a public company has its own benefits.

A public company does not have the following restriction, prohibitions, or limitations:

  • A shareholder in a Public company can freely transfer his shares in the company
  • A public limited company can issue its shares to the general public.
  • The Public limited company Registration has no limit on the maximum number of members
  • A public limited company Registration has more opportunities to raise funds as the investors have more confidence in the public company.
  • As a Public limited company Registration Is always in the sight of regulators there are fewer chances of fraud in the company and more scope for investor protection hence better the image of the company and public trust.
  • A Public company raises money from the public by listing itself on the stock exchanges. It provides exit opportunities to investors. Hence greater liquidity

Public Limited Company Registration in West Bengal Process

A public limited company can be formed with a minimum of 7 members and a minimum of 3 directors in the company. The person desiring to register his company can get his company registered through the Ministry of Corporate Affairs portal. That is www.mca.gov.in. A company is needed to be registered with the registrar of companies or ROC. ROC keeps all the records regarding all the companies in India.

How to register Online Public limited company Registration?

There are certain requirements for company registration

These are:

  • Digital signatures or DSC of all the subscribers and DIN of the person desiring to be the director of the company. All the forms which are filed on the MCA portal require the Digital signatures of the signatories
  • After getting the DSC the form Spice+ is filled on the portal with the required documents as attachments.

Documents required for Public limited company registration

  1. Aadhar Card of all the Directors/ Subscriber
  2. Pan Card of all the Directors/ Subscriber
  3. DL/Voter ID/ passport, anyone document of all the Directors/ Subscriber
  4. Bank statement/ Electricity Bill of all the Directors/ Subscriber
  5. Latest utility bill for proof of Company address
  6. For rented place Rent agreement is required

 Why Companify?

Registering a company is a simple process but it requires professional guidance. We at Companify help you to take a step forward in owning your company by providing you with a hassle-free process of company registration. Our team of experts will guide you at each step so that you can make the right decision as per your need. We have different company registration packages as per your requirements.

FAQs of Public Limited Company Registration in West Bengal

Like publicly traded companies headquartered in the U.S., PLCs are owned by shareholders. These companies are traded on exchanges and shares where shares can be openly bought or sold by individuals, companies, mutual funds, etc.

 Minimum 7 shareholders required to form a public limited company and minimum 3 directors required to form a public limited company. A minimum share capital of Rs. 5 lakhs is required.

A Public Limited Company is a type of business entity that has limited liability and offers shares to the general public. The shares of a public limited company are traded on a stock exchange and can be bought and sold by anyone.
The advantages of a Public Limited Company are: a) Limited liability protection for shareholders b) Ability to raise capital through the issuance of shares c) Greater credibility and visibility in the market d) Transferability of shares e) Perpetual succession
The advantages of a Public Limited Company are:
a) Limited liability protection for shareholders
b) Ability to raise capital through the issuance of shares
c) Greater credibility and visibility in the market
d) Transferability of shares
e) Perpetual succession
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