Characteristic features of a Public Company:

• The minimum member of forming a public limited company is seven. There is no limitation in the volume of the members.
• Purchase the shares to the general public or the debentures of the companies.
• It doesn’t restrict any transfer of shares.
• Public company needs to have three directors.
• A public company cannot commence its business until get a certificate for the commencement of a business.
• Managerial remuneration should not exceed eleven percent from the net profits.

Steps for company registration Procedure

STEP1 :

Obtain Director Identification Number:

First and foremost thing is to get a DIN for both the existing and a intended directors.

STEP2 :

Digital Signature Certificate:

To ensure the documents to be secured and get authenticity, one should get a digital signature certificate. Encryption and decryption of information will secure our documents and information. To submit and securing a documents electronically, the digital signature is important.

STEP3 :

Company name should be reserved with the help of ROC (Registrar Of Companies).

STEP4 :

After got the name approval, it’s mandatory to examine about the memorandum and articles of association.

STEP5 :

Obtain the certificate of incorporation.To incorporate a company, following documents are required they are as follows:

Required documents to be noted:

• Obtain a Tax Account Number (TAN) card.
• Permanent Account Number (PAN) need to be submitted.
• Articles of Association.
• Copy of letter from the register which indicates the approval of name.
• Power of attorney which says the consent of a person to act as a director.
• Registered office location and the particular details of the directors should be mentioned in a file and that should be either produced during the time of incorporation or else thirty days from the date of incorporation.

STEP6 :

Proof of identity along with address proof should be submitted and all the details about the director, members should be submitted as a document.

STEP7 :

Payment of fees:

After submitting all the documents the payment has to be made.

STEP8 :

Issuing of certificate:

Certificate of incorporation will be provided by the ROC after the crucial examination.