Public Limited Company Registration FAQ in Coimbatore

a) What is a Public Limited Company?

A Public Limited Company is a separate legal entity incorporated under the Companies Act, 2013. It provides limited liability to its shareholders and can raise capital from the public subject to the applicable legal and securities regulations.

b) Who can register a Public Limited Company in India?

A Public Limited Company generally requires at least seven members and three directors for incorporation. The proposed members and directors must satisfy the applicable requirements under the Companies Act, 2013.

c) How can I register a Public Limited Company in Coimbatore?

Public Limited Company registration is completed through the Ministry of Corporate Affairs (MCA). The process generally involves obtaining Digital Signature Certificates, selecting a suitable name, preparing incorporation documents and filing the applicable forms with the MCA.

d) What documents are required for Public Limited Company Registration?

Common documents include PAN, identity and address proof of proposed directors and members, photographs, registered office address proof and other documents required based on the proposed company structure and business activity.

e) How many directors are required for a Public Limited Company?

A Public Limited Company must have a minimum of three directors. The company can have up to the prescribed maximum number of directors without special approval, subject to the Companies Act and applicable requirements.

f) How many shareholders are required to start a Public Limited Company?

A minimum of seven members is generally required to incorporate a Public Limited Company. The members may be individuals or eligible legal entities subject to applicable requirements.

g) How much does Public Limited Company Registration cost?

The cost depends on factors such as authorised capital, government filing fees, stamp duty, Digital Signature Certificates and professional charges. The total cost can vary depending on the proposed company structure and applicable requirements.

h) How long does Public Limited Company Registration take?

The registration timeline depends on document readiness, name approval, MCA processing and whether any clarification or resubmission is required. Complete and accurate documents can help reduce unnecessary delays.

i) Does a Public Limited Company need a registered office?

Yes. A Public Limited Company must have a registered office in India for receiving official communications and maintaining statutory records. Appropriate address proof and supporting documents are required.

j) Does a Public Limited Company need GST Registration?

GST Registration is not required solely because a company is incorporated as a Public Limited Company. GST applicability depends on the nature of the business, turnover, supplies, location and other applicable GST provisions.

k) Can a Public Limited Company open a current bank account?

Yes. After incorporation, a Public Limited Company can open a current bank account in its registered name, subject to the bank's KYC and documentation requirements. The bank may request the Certificate of Incorporation, PAN, constitutional documents and director KYC documents.

l) What are the advantages of a Public Limited Company?

A Public Limited Company provides separate legal identity and limited liability protection. It can have a wider shareholder base and may raise capital from the public when the applicable legal and securities requirements are satisfied.

m) What is the minimum capital required to start a Public Limited Company?

There is no general minimum paid-up capital requirement prescribed for incorporating a Public Limited Company. However, the company must meet the applicable capital and securities requirements for any proposed fundraising or public issue.

n) Can a Public Limited Company have foreign shareholders?

Foreign individuals and entities may be permitted to hold shares in an Indian Public Limited Company subject to applicable company law, foreign investment regulations, sectoral conditions and other regulatory requirements.

o) Does a Public Limited Company need an auditor?

Yes. A Public Limited Company is required to appoint an auditor in accordance with the applicable provisions of the Companies Act and maintain the required financial and statutory records.

p) Does a Public Limited Company need to file annual returns?

Yes. A Public Limited Company must maintain statutory records and file applicable annual returns, financial statements and other prescribed forms with the Ministry of Corporate Affairs within the applicable timelines.

q) Can a Public Limited Company issue shares to the public?

A Public Limited Company can raise funds from the public through permitted securities offerings subject to the Companies Act, securities laws, SEBI regulations and applicable listing and disclosure requirements.

r) Can a Public Limited Company apply for MSME Registration?

An eligible Public Limited Company can apply for Udyam Registration subject to the applicable MSME classification requirements. Eligibility depends on the prescribed investment, turnover and other applicable criteria.

s) Can a Public Limited Company apply for a Trademark?

Yes. A Public Limited Company can apply for trademark registration in its own name for an eligible business name, brand, logo or other mark, subject to the applicable trademark requirements.

t) Can a Public Limited Company obtain an Import Export Code?

Yes. A Public Limited Company involved in eligible import or export activities can apply for an Import Export Code (IEC) from the Directorate General of Foreign Trade (DGFT), subject to the applicable requirements.

u) Can directors be added or removed from a Public Limited Company?

Yes. Directors can be appointed, resigned or removed subject to the Companies Act, the company's constitutional documents and applicable MCA filing requirements. The required resolutions and statutory forms must be completed.

v) Can a Public Limited Company change its registered office?

Yes. A Public Limited Company can change its registered office by following the applicable procedure and completing the required MCA filings. The process depends on the nature and location of the proposed change.

w) Can a Public Limited Company be converted into a Private Limited Company?

A Public Limited Company may be converted into a Private Limited Company subject to the applicable provisions of the Companies Act, required approvals and prescribed MCA procedures.

x) Can a Public Limited Company be converted into an LLP?

A Public Limited Company may be converted into an LLP only when the applicable legal conditions and eligibility requirements are satisfied. The conversion involves prescribed procedures and statutory filings.

y) Can a Public Limited Company be closed?

Yes. An eligible Public Limited Company can apply for closure or strike-off through the prescribed MCA process, subject to satisfying the applicable conditions and completing the required statutory formalities.

z) Can a consultant help with Public Limited Company Registration in Coimbatore?

Yes, a Public Limited Company registration consultant in Coimbatore can assist with name selection, DSC requirements, documentation, incorporation filing, MCA formalities and applicable post-registration compliance requirements.