A self- define process of registration of Public Limited Company, documents required and pricing etc for formation of Public Limited Companies are given in tabs as above.

Rupak Agrawal & Associates follows and maintain transparent and vital system in our office. Whichremain same for all the customers.

• Q1.What is Director Identification Number (DIN)

  Ans.DIN is an identification number issued by the Ministry of Corporate Affairs, Government of India, to Directors of a company or Designated Partners of an LLP.
  For obtaining DIN, one has to apply in DIN -1 form to the Ministry of Corporate Affairs with a copy of Identity and Address Proof of the Applicant and a declaration by the applicant. This DIN -1 application form has to be signed by a Practicing Company Secretary / Chartered Accountant / Cost Accountant.

• Q2. What is Digital Signature Certificate (DSC)

  Ans. Digital signature certificates (DSC) are the digital equivalent (that is electronic format) of physical or paper certificates. Examples of physical certificates are drivers' licenses, passports or membership cards. Certificates serve as proof of identity of an individual for a certain purpose;
  Likewise, a digital certificate can be presented electronically to prove your identity, to access information or services on the Internet or to sign certain documents digitally.
  Some agencies are authorised to issue this digital signature certificate.

• Q3.What is the minimum number of shareholders required to form a Public Limited Company ?

  Ans.There must be at least seven shareholder require to form a Public Limited Company . They could be individuals or legal entities.

• Q4.What is the minimum number of directors in a Public Limited Company ?

  Ans.Three. But the Directors must compulsorily be individuals. they cannot be corporate bodies or legal entities.

• Q5.What is the minimum Authorised share capital of a Public Limited Company ?

  Ans.The minimum authorised share capital of a Public Limited company is INR 500,000 But you should not assume it as FINAL maximum authorised share capital can be upto to any amount.

• Q6.What is Memorandum of Association (MOA) of a Company.

  Ans.MOA is the charter document of a company. A company is created by registering a memorandum. MOA contains the name of a company, the state in which the registered office of the company is located, objectives, and its authorised capital. The MOA will be subscribed by the initial promoters of the company in their own handwriting. They will also have to write their name, father's name, residential address, occupation and the number of shares they agree to subscribe in the company. The MOA should also bear the signature of the witness who knows the subscribers.
  The details of subscribers to the MOA cannot be amended or changed at any point of time during the life of the company, as it constitutes the document giving birth to a company.
  Subsequent changes in the shareholding or directorship of the company should be reflected in its internal records and will not affect the subscriber details in the MOA.

• Q7.What is Article of Association (AOA) of a Company

  Ans.AOA is the bylaws of a company and can be filed along with the incorporation document.
  AOA contains rules and regulations for the management of a company's internal affairs and conduct of its business. It defines the relationship of company between its members and directors and relation between members and directors. It also describes powers of directors. Further, the AOA describes the rights and duties of its members as well as the duties and responsibilities of its directors.
  In case of a private limited company, the AOA will contain the restrictions of transfer of shares, if any. Also, AOA usually contains the names of first directors of a company. The AOA will be subscribed by the initial promoters of the company in their own handwriting. Promoters will have to write their names, father's name, residential address, and occupation. The AOA should also bear the signature of the witness who knows the subscribers.
  The details of subscribers to the AOA cannot be amended or changed at any point of time during the life of the company, as it constitutes the document giving birth to a company. Subsequent changes in the shareholding or directorship of the company should be reflected in its internal records and will not affect the subscriber details in the AOA.

• Q8.What is registered office of a Public Limited Company

  Ans.Registered Office refers to the official correspondence address of a company or its principal place of business. The address of the Registered Office will be used for all official communications of the company.
  Registered Office of the company can be shifted from one place to another in the same state or from one state to another after complying with legal requirements. The company shall affix the name and address of its registered office outside every office or place of business in a prominent position. Also, the name and address of its registered office should be mentioned in its business letters, bills and other official publications.

• Q9.What is Corporate Identification Number (CIN) of a Public Limited Company

  Ans.CIN is the number allotted to a company registered in India by the Ministry of Corporate Affairs, Government of India.
  CIN is a 21-digit number that contains the information such as status (listed / unlisted), NIC code of business activity, state of registration, year of registration, private or public and the sequential registration number in the respective state (for example, U74110KA2008PTC046914)

• Q10.What is certificate of incorporation of a Public Limited Company .

  Ans.Unlike private companies, a public company cannot start its business after getting the certificate of incorporation. It has to obtain a certificate of commencement of business from the ROC.

• Q11.What is statement in lieu of prospectus (SLP)

  Ans.The ROC will issue the certificate of commencement of business after a public company files the 'Statement in Lieu of Prospectus' (SLP).
  SLP is required by a public company for obtaining the certificate of commencement of business. It contains the details of first shareholders, directors, the amount of capital brought in, the details of auditors and preliminary expenses for company incorporation, etc.

• Q12.What are the minimum formalities to become a director in Indian Company.?

  Ans.Every individual who is contemplating a position of a director in an Indian company must obtain a Directors Identification Number (DIN) before he can become a director in an Indian company.

• Q13.Does Appointment of foreign Directors Require RBI Approval ?

  Ans.No, RBI has clarified that under the Foreign Exchange Management Act, 1999, appointment of a foreign national as a director on the board of directors of an Indian company does not require the Reserve Bank's approval.

• Q14.What are the annual compliances for a Public Limited Company ?

  Ans.A Public Limited Company should file every year with the Registrar of Companies an Annual Return along with a copy of the Balance Sheet and Profit and Loss Statement. Together a Report of the Board of Directors and the Report of the Auditors should also be filed.