Register your Public Limited Company at Just ₹ 17,999/- only (Inclusive of all fees)
Introduction Of Public Limited Company
A Public Limited Company assures the limited liability to its Members and Owners. The major advantage of incorporating this type of entity is that a Public Limited Company is freely allowed to raise funds from public by following certain norms and regulations and results beneficial in raising capital. Though the regulatory requirements are much more strict than the Private Limited Company .
Here, it can be formed with seven Members and three Directors with no minimum capital requirements. It is beneficial to establish such Company when the investors are large in size and involves public at large. The shares of this type of entity are freely transferable in the market. It enjoys the basic features and advantages as granted by the Companies Act, 2013 such as Separate Legal Entity and Limited Liability.
Advantages Of Public Limited Company
Medium for preferred Investments
Listing on stock exchange
Limited Liability
Easy to make acquisitions
Minimum Requirement
Minimum three persons as Director and maximum fifteen
Digital Signatures of Subscriber and Directors
Minimum seven persons as Members
No Minimum Capital requirement
Minimum one Director shall be Indian resident
Director Identification Number if available
Documents Required for Incorporation
More Insights on Public Limited Company Registration
You can check Company name availability thereby logging into MCA where you need to keep in mind two or three available options along with the activity type. Our team will assist you in the selection of name of company.
Also, along with checking the name availability we also need to check the trademark if already registered under the proposed name which makes the online application for registration more powerful. If you want to have a trademark of your word or logo you can get the same through Sprinthub Solutions by clicking on the below mentioned link Trademark Registration
If the proposed Director is already having the DIN then you can also check whether DIR-3 KYC iscompleted. You can verify the same with the help of our experts. If the same is not done yet, it can be done with help of Sprinthub Solutions.
The Public limited company is required to manage all the compliances after incorporation of the company like appointment of statutory auditor, filing commencement of business, Income Tax Filing, Annual Returns with ROC and other compliances as required by the law. Sprinthub Solutions has a team of experts who keeps an eye on the due dates of your compliances and reminds you through mails.
Income Tax Rate for Public Limited Companies for F.Y. 2020-2021
Domestic Company Turnover > Rs. 400 Cr
Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
Upto 1 crore | 30% | Nil | 4% |
Above 1 crore but upto 10 crore | 30,00,000+ 30% | 7% | 4% |
Above 10 crore | 3,00,00,000+ 30% | 12% | 4% |
Domestic Company Turnover < Rs. 400 Cr
Net Taxable Income | Income Tax Rate | Surcharge | Health & Education Cess |
Upto 1 crore | 25% | Nil | 4% |
Above 1 crore but upto 10 crore | 25,00,000+ 25% | 7% | 4% |
Above 10 crore | 2,50,00,000+ 25% | 12% | 4% |
Choose the right entity type after comparing different business structures
Basis | Private Limited Company | Public Limited Company | One Person Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm |
---|---|---|---|---|---|---|
Registration Requirement | Companies Act, 2013 | Companies Act, 2013 | Companies Act, 2013 | LLP Act, 2008 | Registered/Unregistered | No Specific Criteria |
Number of members | 2 – 200 | 7-∞ | Only 1 | Unlimited | 2 -50 partners | Only 1 |
Number of Director | 2-15 | 3-15 | Only 1 | 2 designated partners | NA | NA |
Naming of Entity | Unique | Unique | Unique | Unique | No Guidelines | No Guidelines |
Capital Requirement | Zero | Zero | Zero* | Zero | Zero | Zero |
Liability of Entities | Limited | Limited | Limited | Limited | Unlimited | Unlimited |
Foreign Investment | Eligible | Eligible | Not Eligible | Eligible | Not Allowed | Not Allowed |
Statutory Audit | Mandatory | Mandatory | Mandatory | Mandatory | Not Required | Not Required |
Compliance Level | Annual Compliance | Annual Compliance | Annual Compliance | Annual Compliance | Less Compliance | Zero Compliance |
Tax Rate | 22% | 22% | 22% | 30% | 30% | Individual Tax Rate |
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