Define Public Limited Company Registration A public limited company is a voluntary association of members whichis incorporated, and therefore, has a separate legal existence and the liability of whose members is limited. Under the new Companies Act, 2013 the procedure for giving birth to a company has changed. Following is the procedure for Public Limited Company Registration, the brief procedure to be adopted for incorporating a Company would be: Obtain a Digital Signature Certificate from authorized DSC issuing authority. Make Application in Form DIR-3 [Rule 9 of Chapter XI Rules]. Register DSC in the name of Director on MCA [Ministry Of Corporate Affairs] portal. Apply for Reservation of Name in Form No. INC-1 [Rule 9] and shall be reserved for a period of 60 days. Adoption of Memorandum of Association [MoA] shall be in respective form as prescribed in Table A, B, C, D and E of Schedule I as may be applicable. Adoption of Articles of Association [AoA] shall be in respective form as prescribed in Table F, G, H, I and J of Schedule I as may be applicable. Incorporation: File with ROC Form No. INC-7 [Rule 12 to 18] along with The MoA & AoA of the company duly signed by all subscribers; A declaration in Form No. INC-8 by an Advocate or Practicing Professional (CA, CS, CA) who is engaged in incorporation, and a person named in director as Director, Manager or Secretary, that all requirements related to incorporation has been complied with; An affidavit in Form No. INC-9 from each subscriber and from each person named as First Director in the Articles that; he is not convicted of any offence in connection with promotion, formation or management of any company; he is not been found guilty of any fraud or misfeasance or of any breach of duty to any company during preceding five years, and all the documents filed with the Registrar contain correct, complete and true information to the best of his knowledge and belief; The address for correspondence till its registered office is established; The particulars of every subscriber along with proof of identity; The Particulars of First Directors along with proof of identity; and The particulars of interests of First Directors in other firms or bodies corporate along with their consent to act as Directors. Director should file Declaration with ROC in Form No. INC-21 [Rule 24]. A company shall have a registered office within 15 days of Incorporation and it shall file Form No. INC-22 [Rule 25] to verify the same. Now, the above rules consume a particular amount of organizations and individual firms, while reaching for public limited company registration. A need has necessarily emerged to reach to online portals, which provides such services. Mycorporation.in has been one such portal which lessens the hurdles faced. It has emerged as a strong competitor in rendering the services priortizingly sought by the customers. Source: Internet
Posted on: Wed, 12 Nov 2014 05:51:59 +0000
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