Minimum 3 Directors and 7 Shareholders/members.Can be even family members or relatives or friends.Should be major. No restriction on maximum no. of members
Rs 500,000.
Fees to be paid to ROC depend upon amount of authorized capital. In case authorized capital is less and company needs more money in the business, it has to increase authorized share capital.
Authorized capital signifies maximum capital which can be raised by company. Paid up capital signifies how many shares have been actually held by shareholders and paid for same. Paid up capital can be less than authorized share capital
Firstly, Apply for Digital signature of all Directors,
Secondly apply for DIN of all Directors
Thirdly apply for name approval/reservation, then file MOA, AOA and apply for incorporation. Finally get the certificate of registration.
Open a current account in bank and deposit paid up share capital money.
Then obtain GST Registration for your type of business
Normally, a public ltd company has to do following compliances:
Accounting or Book keeping [On daily basis]
GST returns to be filed online monthly.
TDS returns to be filed for Salaries paid and vendor payments,are to be filed quarterly, if applicable
Tax audit has to be got done by CA and audit report needs to be collected.
Balance sheet and Profit and Loss account and other financials need to be prepared and maintained.
Minimum 4 Board meetings need to be held in one year
Minimum 1 AGM needs to be held in a year
Other secretarial compliances like maintaining minute book, registers, sending notices etc
Income tax return of PublicLtd co. needs to be filed online annually before 30th September
ROC returns (approx. 4 in nos.) needs to be filed annually within 30 and 60 days of AGM
Other need based compliances.
Advance tax needs to be paid periodically
Yes, you need to file NIL returns, prepare balance sheet and profit and loss account and also get auditor’s certificate as well as complete all secretarial compliances.
