Public Limited Company
“Shlok Tax Wala” stands as a premier service provider dedicated to simplifying and streamlining the filing process for your business. Our commitment lies in accelerating your company registration within just 7 days, ensuring efficiency and affordability every step of the way. Trust us to leverage our expertise to not only register your company swiftly but also to contribute to your business growth and success.
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Shlok Tax Wala offers an expedited registration process for Public Limited Companies (PLCs), ensuring complete compliance within just 10 days. Our services simplify the registration process while guaranteeing adherence to all mandatory requirements.
Why choose Public Limited Company?
There are several compelling reasons to choose a Public Limited Company (PLC) structure:
#1 Option of share listing in stock exchange: PLCs have the opportunity to list their shares on stock exchanges, providing access to a wider pool of investors and potentially increasing capital.
#2 Preference in loan sanctioning: Financial institutions often view PLCs favorably, making it easier to secure loans and other forms of financing compared to other business structures.
#3 More liquidity: Shares in a PLC are easily transferable, enhancing liquidity for shareholders who can buy and sell their shares in the open market.
#4 Limited liability: PLCs offer limited liability protection to their partners, ensuring that their personal assets are safeguarded in case of business liabilities or debts.
#5 Spread of risk: With a large number of shareholders, risks are spread across a diverse investor base, reducing the impact of losses on individual investors.
#6 Prestigious profile and credibility: Operating as a PLC often conveys a sense of stability, credibility, and professionalism in the eyes of customers, suppliers, and partners.
#7 Greater transparency: PLCs are subject to heavy regulatory scrutiny and compliance requirements, which fosters a culture of transparency and accountability, reassuring stakeholders about the company’s operations and financial health.
Papers and Forms Required
The following papers and forms are required for the registration of a Public Limited Company:
#1 Identity Proof of Directors & Shareholders: Documents such as Aadhar card, passport, driver’s license, or any other government-issued identity proof for verification purposes.
#2 Address Proof of Directors & Shareholders: Documents like Aadhar card, passport, driver’s license, or utility bills (such as electricity bill, telephone bill) showing the residential address.
#3 Proof of Nationality for Foreign Nationals: Passport or any other document confirming the nationality of foreign nationals involved in the company.
#4 Latest Electricity bill, telephone bill & Bank statement of directors: Recent utility bills (electricity bill, telephone bill) and bank statements as proof of address and financial stability for directors.
#5 Photo of directors and shareholders: Passport-sized photographs of all directors and shareholders for identification and documentation purposes.
#6 If property on rent, then rent agreement with NOC from landlord: In case the company operates from rented premises, a copy of the rent agreement along with a No Objection Certificate (NOC) from the landlord is required.
#7 Memorandum of Association (MOA) & Articles of Association (AOA): These documents outline the company’s objectives, rules, and regulations governing its operations and internal management.
Ensuring the completeness and accuracy of these documents is crucial for a smooth registration process.
Registration Process
Annual compliances by Public Limited Company
Annual compliances for Public Limited Companies (PLCs) vary depending on whether the company is listed or unlisted. Here are the key compliance requirements:
Compliances for Unlisted PLCs:
#1 Board Meetings: Hold a minimum of 4 board meetings per year as per Section 173 of the Companies Act, 2013.
#2 Appointment of Cost Auditor: Appoint a cost auditor in accordance with Section 148 of the Companies Act.
#3 Auditor Appointment: Ensure that the auditor is appointed within 30 days of the board meeting or 180 days from the end of the financial year, whichever is earlier.
#4 Appointment of CEO/CFO/CS: Appoint CEO/CFO/CS within 30 days of the Annual General Meeting (AGM) or within 6 months in case of a casual vacancy.
#5 Annual General Meeting (AGM): Conduct the AGM in compliance with Section 96 of the Companies Act, 2013.
#6 CSR Committee Meetings: The CSR committee must hold a minimum of 4 meetings with a gap of not less than 120 days between two meetings for approval of CSR activities, in compliance with Section 135 of the Companies Act.
#7 Disclosure of Financial Interest: Disclose financial interests under Section 184 of the Companies Act, 2013.
Compliances for Listed PLCs:
#1 Annual General Meeting (AGM): Conduct the AGM in compliance with Section 121 of the Companies Act.
#2 Filing of Financial Statements: File financial statements in compliance with Section 137 of the Companies Act, 2013.
#3 Filing of Annual Return: File the annual return in compliance with Section 92 of the Companies Act, 2013.
#4 Financial and Directors Report: Adopt financial and directors’ reports as per Section 173 of the Companies Act, 2013.
#5 Income Tax Return (ITR) Filing: File ITR 6 on or before 30th September of the financial year.
#6 Secretarial Audit Report: File the Secretarial Audit Report in compliance with Section 204 of the Companies Act, 2013. This is mandatory only when the company’s total paid-up capital is equal to or exceeds INR 50 crores or its turnover is equal to or exceeds INR 250 crores.
#7 SEBI Regulations: Comply with the rules and regulations laid down by the Securities and Exchange Board of India (SEBI) for listed companies.
Adhering to these annual compliance requirements ensures that a Public Limited Company operates within the legal framework and maintains transparency and accountability to its shareholders and regulatory authorities.
Frequently Asked Questions
You can get it easily by using our expert services, it will usually take 7-10 days. You are required to fill a simple 10 min questionaries’ on our website.
We have various packages available starting at INR 7,500/- to carry out the registration process.
No, this is completely online process. All papers and forms will get filled electronically. You just need to send us scanned copy.
It will not take longer than days subject to the availability of the papers and forms.
Yes, subject to the Foreign Direct investment norms set by RBI. However, it is mandatory to have one Indian national director.
Yes, every company registered in India must have registered office in India.
You can take Ontaxco expertise help to get the clarity on availability of name.
It will be provided as a PDF given by MCA.
Companies dealing with ecommerce operations/interstate activity and companies having turnover more than 40 lakhs are required to get themselves registered. GST Registration takes just 4 days with Shlok Tax Wala.
If it is mentioned in MOA and approved by the registrar of company, then it is possible to carry out multiple businesses.
He/she should be of 18 years or older and should hold a DIN (Directors Identification Number).
You will be responsible to the extent of your investment in the company. Personal assets will not be taken in case of bankruptcy.
MOA is memorandum of association contains the details of main/ancillary and other objects of the company. AOA is article of association contains the details of rules and procedure to conduct a business along with the details of authorized share capital.
Yes, but you are require to submit utility bill copy for the same.
Yes, stamp duty charges are imposed by the state in which registered office are located. However, this is covered in Shlok Tax Wala plan.
In that case our expert will offer you some concession or discount.