Top Benefits of Starting a Public Limited Company in Bangalore

Discover why entrepreneurs prefer Public Limited Companies in Bangalore. Explore advantages like easy capital raising, enhanced credibility, and investor trust in India’s leading startup hub.

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Step-by-Step Guide to Public Limited Company Registration in Bangalore

Starting a Public Limited Company (PLC) in Bangalore is an exciting step for entrepreneurs who aim to expand their business, attract investors, and establish credibility. As India’s leading tech and startup hub, Bangalore offers the perfect ecosystem for businesses that want to grow at scale. In this blog, we’ll walk you through the step-by-step process of Public Limited Company registration in Bangalore

What Is a Public Limited Company?

A Public Limited Company is a business entity registered under the Companies Act, 2013, that can issue shares to the public and is subject to strict compliance and disclosure norms. It must have at least three directors, seven shareholders, and a minimum paid-up capital of https://www.earnlogic.in/public-limited-company-registration-bangalore.php

Unlike private limited companies, public limited companies can list their shares on a stock exchange, making it easier to raise large-scale funding from the public and institutional investors

Key Benefits of Registering a Public Limited Company in Bangalore

1. Easy Access to Capital Public limited companies can raise capital by issuing shares to the public or institutional investors, providing long-term financial stability.
2. Enhanced Credibility Being a registered public company adds transparency and trust, attracting potential investors, customers, and business partners.
3. Transferability of Shares Shares in a public company are freely transferable, allowing shareholders to easily liquidate their holdings when needed.
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5. Perpetual Existence The company continues to exist irrespective of changes in ownership or management, ensuring business continuity.
6. Business Expansion Opportunities With access to more capital and credibility, a public limited company can expand operations regionally and internationally

Step-by-Step Process of Public Limited Company Registration in Bangalore

Step 1: Obtain Digital Signature Certificate (DSC)

All proposed directors must obtain a Digital Signature Certificate (DSC) to sign electronic documents during registration on the MCA portal.

Step 2: Apply for Director Identification Number (DIN)

Next, directors must apply for a Director Identification Number (DIN) through the MCA website by submitting identity and address proof.

Step 3: Name Reservation

The company name must be unique and not similar to any existing entity. You can reserve your company name using the RUN (Reserve Unique Name) service on the MCA portal.

Step 4: Drafting of MOA and AOA

Prepare the Memorandum of Association (MOA) and Articles of Association (AOA), which define your company’s objectives, structure, and internal rules.

Step 5: Filing Incorporation Forms

Submit the SPICe+ (INC-32) form along with MOA, AOA, and other required documents to the Registrar of Companies (ROC), Bangalore for approval.

Step 6: Certificate of Incorporation

Once verified, the ROC issues a Certificate of Incorporation, confirming that your company is legally registered.

Step 7: Apply for PAN, TAN, and Bank Account

After incorporation, apply for your company’s PAN and TAN through the MCA portal and open a corporate bank account in the company’s name.

Documents Required for Registration

• PAN and Aadhaar card of directors and shareholders
• Passport-size photographs
• Proof of registered office address (rental agreement or ownership documents)
• Utility bill (not older than 2 months)
• MOA and AOA
• NOC from the property owner (if rented)

Compliance Requirements After Registration

• Hold a Board Meeting within 30 days of incorporation.
• Appoint an auditor within 30 days.
• File annual returns and financial statements with the ROC.
• Conduct an Annual General Meeting (AGM) every year.

Conclusion

Registering a Public Limited Company in Bangalore offers immense growth potential, credibility, and access to funding.