Lawyers for Public Limited Company in Delhi

LawChef in Delhi is your trusted legal partner for establishing and navigating the complexities of a Public Limited Company. Our experienced lawyers specialize in the intricacies of public company regulations, ensuring compliance, and providing expert guidance on corporate governance. Choose LawChef for comprehensive legal support tailored to meet the specific needs of your Public Limited Company in Delhi and Noida which includes Registration of a Public Limited Company.

Hire Lawyer for Public Limited Company in Delhi

To secure adept legal counsel for your Public Limited Company in Delhi, consider engaging the services of LawChef. Our experienced lawyers specialize in the intricacies of public company regulations, offering tailored legal support to ensure compliance and sound corporate governance. Trust LawChef to navigate the complexities of establishing and managing a Public Limited Company, providing you with the expertise needed for a successful venture in Delhi.

What is a limited liability company?

A limited liability company that sells shares to the public is referred to as a public limited company under the Companies Act of 2013. Through trading in the stock marketplace or a private initial public offering (IPO), anyone can buy its stock.

Characteristics of a Public Limited Company

• Directors: According to the Companies Act of 2013, there is no limit on the maximum number of directors and a minimum of 3 directors are necessary to form a public limited company.
• Limited Liability: Each shareholder only has a small amount of liability. Contrary to partnerships and sole proprietorships, where the partners and business owners are jointly and severally liable for the debts of the business, a shareholder of a public limited company is not directly responsible for any losses or debts suffered by the business that exceed the cost of their investment.
• Paid-up Capital: A public limited company must have at least Rs 5 lakh in paid-up capital, or the larger amount specified by the statute, in order to operate.
• Name: It is a compulsory requirement under the Companies Act, 2013 for all public companies to add the word ‘limited’ after their name.

Requirements for Public Limited Company Registration

The Companies Act of 2013 stipulates a number of laws and regulations for the creation of a public limited company. What to consider when forming a public limited corporation is listed below:

• A request must be made containing the company's main object clause. What a firm will do after incorporation will be specified in this object clause.
• Submission of the application to ROC along with the required documents like MOA, AOA, duly filled Form DIR – 12, Form INC – 7 and Form INC – 22 is needed.
• Payment of the prescribed registration fees to the ROC is required.
• After obtaining approval from the ROC, the company should apply for the ‘certificate of business commencement.

It is necessary to submit an application that includes the company's principal object clause this object clause will state what a firm will do upon incorporation.

• A request must be made containing the company's main object clause. This object clause will state what a firm will do upon incorporation.
• Submission of the application to ROC along with the required documents like MOA, AOA, duly filled Form DIR – 12, Form INC – 7 and Form INC – 22 is needed.
• Payment of the prescribed registration fees to the ROC is required.
• After obtaining approval from the ROC, the company should apply for the ‘certificate of business commencement. It is necessary to submit the application to ROC with the necessary paperwork, including the MOA, AOA, properly filled-out Form DIR-12, Form INC-7, and Form INC-22.
• It is necessary to pay the ROC the prescribed registration fees.

The business should apply for the "certificate of business commencement" after receiving ROC approval.