Public Limited Company Registration in Bangalore

  • Requires minimum Seven Shareholders and Three Directors. The Directors and Shareholders can be the same person.
  • Minimum Authorised Share capital is Rs. 5 Lakhs.
  • Can have an NRI or Foreign National as the Director of the Company.
  • One of the Directors must be an Indian Resident.

Important points to be noted

  • Can raise capital from Public and is legally authorised to trade on stock exchange.
  • There is no limit to the maximum number of shareholders.
  • The shareholders do not participate in the daily operations of company unlike a Private Limited Company.

List of Documents required

  • PAN & Aadhaar of proposed partners (Self attested).
  • Identity Proof (Any One): Passport/Voter ID/Driving License.
  • Residence Proof, should be the latest month (Any One): Bank Statement/Electricity bill/Telephone bill/Mobile Bill.
  • One Passport size photo of all partners.
  • Registered office address Proof: Electricity bill of the latest month in the name of the owner.
Frequently Asked Questions

1. Benefits of Public Limited Company

Can raise capital from Public and is legally authorised to trade on stock exchange.

2. Can an NRI start LLP in India?

Yes, Non-resident Indian or foreign national can start a Company in India.

3. Capital Requirement

There is no minimum paid-up capital amount. A Public Company should have an authorized capital of at least Rs. 5 lakhs.

4. Compliance requirement

Income Tax filing in the name of the business has to be filed every year. The Companies should also file the Annual Returns with RoC every year, irrespective of having profits or losses. Hence, those companies that are dormant, with no transactions are also mandated to file returns with Income Tax Department and Registrar of Companies every year.

5. Commencement of Business

Companies registered post November 2018 and having a share capital are required to obtain commencement of business certificate before commencing any business or exercising any borrowing powers. The commencement of business certificate must be obtained within 180 days of incorporation of the company. Failure to obtain this certificate will lead to a penalty.