Public Limited Company Registration in Chennai

Name: Solubilis
Brand: Solubilis
Rating: 4.7 (180 reviews)

Solubilis offers hassle-free Public Limited Company registration in Chennai, Bangalore, Hyderabad, and Cochin. This setup welcomes investor involvement through share capital or deposits. A Public Limited Company, defined by Section 2 (71) of the Companies Act, 2013, thrives on democratic corporate practices. Major decisions require majority shareholder consent, overseen by the Board of Directors who manage operations through CEOs/Managing Directors.
Public Limited Companies don't face capital restrictions, but they adhere to stringent regulations for transparency. These regulations, mandated by the government for the benefit of shareholders, potential investors, and regulatory bodies like the Department of Company Affairs, SEBI, and stock exchanges, aim to provide comprehensive information. Solubilis ensures a transparent, investor-centric approach while navigating these compliance requirements.

Public limited company registration in Chennai, public limited company

Features
Documents required

The features of a public limited company with Public limited company registration in Chennai are mostly similar to that of a Private limited Company. We briefly discuss the same as under.

A Public Limited Company, distinct from its members, operates as a separate legal entity with the ability to own assets, borrow funds, and conduct transactions like an individual. As per Section 3 of the Companies Act 2013, a minimum of seven individuals is required to establish a Public Limited Company, with no cap on the maximum number of shareholders unlike in a Private Limited Company.
Shareholders' responsibility is confined to their unpaid share capital, alleviating personal liability for the company's debts. This investor-friendly setup encourages public participation in equity and allows the company to invite deposits from the public.
Such a company with online Public limited company registration in Chennai enjoys perpetual succession, ensuring continuous existence. Governed by a Board of Directors comprising at least three members but no more than fifteen, the company's shares are easily transferable between individuals.
For identification, the company's name must always include "Public Limited." Public Limited Companies, tailored for large corporations, operate under professional management and must strictly adhere to complex rules and regulations, prioritizing complete transparency in disseminating information to the public.
These entities serve as ideal platforms for significant corporate ventures, providing access to substantial financial resources crucial for their growth and development.

Proposed director & Shareholder - Indian Citizen:

PAN Card
Aadhar Card is necessary for Public limited company registration in Chennai
Proof of Address (Latest Bank Statement, Telephone, Electricity, or Mobile Bill)
Passport-sized Photo

Proposed director & Shareholder - Foreign National:

Passport Copy (Notarized and Apostilled)
Address Proof Copy (Notarized and Apostilled)
Nationality Proof Copy (Notarized and Apostilled)
Two Passport-sized Photos

Register Office documents:

If the office space is rented, a rental agreement is necessary.
An Electricity Bill (not older than two months) is required for online Public limited company registration in Chennai.
If not rented, an Occupancy Declaration from the landlord is needed to operate the business.
Ensuring compliance with these document requirements is crucial for individuals and businesses aiming to establish their roles or register their office space.

FAQ'S

A Public Limited Company, limited by shares, has no minimum prescribed capital requirement. To establish one, you need a minimum of three directors and a maximum of seven members. Importantly, there's no upper limit on the number of members for a Public Limited Company.

A Public Limited Company has no maximum limit on its members, making it ideal for raising funds, including through IPOs. It's well-suited for long-term business visions, offering public recognition and transparent operations, promoting trust and growth.

Public Limited Company Registration comes with numerous legal formalities, which can sometimes lead to delays in decision-making and implementation.

A Public Limited Company can convert into a Private Limited Company or a One Person Company.

Typically, Public Limited Company registration takes 7 to 15 working days, but processing time can vary based on document submission and government approval.

Authorized capital is the maximum amount of shares a company is permitted to issue as per its registration documents. Paid-up capital is the portion of authorized capital that shareholders have purchased and paid for. While authorized capital sets the upper limit, paid-up capital represents the actual funds received from shareholders for the issued shares. Companies often start with low paid-up capital and increase it as needed. This distinction helps companies balance their financial structure by allowing flexibility in issuing shares while maintaining compliance with regulatory requirements.