Entrepreneurs, enterprises, or corporate bodies desirous of forming a new company, should follow the following step by step procedures. The additional steps to be taken along with what are requisite for the formation of the Private Limited Company, for the formation of the Public Limited Company are:
- Consent of Directors to act as such in Form No.29.
- Arrange for payment of application and allotment money by Directors on shares taken or agreed to be taken.
- File the Statement in Lieu of Prospectus with the ROC in schedule-iv of the Companies Act.
- File a declaration in Form-20 duly signed by one of the Directors.
- Obtain the Certificate of Commencement of Business.
1. Selection of the type of the company.
2. Selection of name for the proposed company.
3. Applying for Directors Identification Number (DIN) and Digital Signatures.
4. Drafting of Memorandum and Articles of Association.
5. Stamping, digitally signing and e-filing of various documents with the concerned Registrar.
6. Payment of Fees.
7. Obtaining the Certificate of Incorporation.
8. Preparation and filing of Prospectus/Statement in lieu of Prospectus and e-Form 19/20 (in case of public companies) for obtaining the certificate of commencement of business.
9. Obtaining Certificate of Commencement of business (in case of public limited companies).
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