How to Register a Public Company under the Companies Act, 2013

Overview

In the business sectors, the public limited company has transformed a lot and brought an innovative face. Several individuals and industries are establishing public limited companies to provide their shares to the common people. It maintains the work nature of business. At the same time, the public can utilize the received shares for trading or investment.

However, to offer the shares to citizens, the individuals need to register a public company. Through this, the business entity can donate its shares to raise capital on a large scale. Let's delve into how the business entity can apply for a public company registration and what its benefits are.

What is the Definition of Public Company Registration?

Typically, the public company registration marks a comprehensive procedure to register any business entity. The established public limited company is allowed to donate its shares to the general public. Well, for the company registration for the public, the business entity is required to register with the relevant administrative body.

Under the Companies Act, 2013, businesses or individuals can only build a public limited company if they need to raise capital. It is the easiest way to raise capital from the general public by offering them its shares.

Precautions for completing the incorporation application

1. Before completing the incorporation application procedure, the business entity should verify the reserved company name to ensure whether it is registered by another one or not.
2. The director of the company should go through the digital sign steps and must be eligible under the Companies Act, 2013.
3. The directors of the company are required to have a DIN and a DSC
4. The attached personal documents, PAN card, Aadhar Card, and other necessary documents must be up-to-date.
5. Upload the documents and files under the mentioned size category.
6. The application submission is valid in the SPICe+ form and further has a digital signature.

The Procedure for Public Limited Company Registration

The individual or the business can register for a public limited company. However, under the Companies Act, 2013, the business entity needs to fulfill the registration process by submitting the necessary documents. Here is the breakdown of public company registration: