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Modification of Charge
All you need to know
Public limited company in India is a voluntary association of members which has a separate legal existence and the liability of whose members is limited. A Public Limited Company can either be an unlisted Company or listed Company on the Stock Exchange. Public Limited company also enjoys wide options to raise funds through bank loans, general public and Institutional investors.
A public limited company has many advantages over private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency makes it popular amongst foreign investors. If you are planning to raise funds from public through Initial Public Offer (IPO) then Start your business by incorporating Public Limited Company.
We at ebizfiling will make it easy for you to incorporate a Private Limited Company at a nominal cost starting from Rs. 9,899/-. Our team of expert Company Secretaries, Chartered Accountants, Lawyers and a network of qualified professionals will take care of the procedure for Private Limited Company Incorporation in India.
Simple Prices No Surprises
Best alternatives you get
ESSENTIAL
₹ 4999/-
(All Inclusive)
- Preparation of documents for Charge Modification
- Filing of form CHG 1 for charge modification with MCA
ENHANCED
₹ 2999/-
(All Inclusive)
- DSC
- DIN
- Name Approval
- Stamp duty on INR 1 Lakh Authorized Capital
- PAN
ULTIMATE
₹ 3999/-
(All Inclusive)
- DSC
- DIN
- Name Approval
- Stamp duty on INR 1 Lakh Authorized Capital
- PAN
Why Form Modification of Charge
Points to make your decision easy
Separate Legal Entity
Public Limited Company enjoys the benefit of Separate Legal Identity in the eyes of law which clearly states that assets and liabilities of the business are not the assets and liabilities of the Directors.
Builds Credibility
All the information relating to the company such as name, date of incorporation, registered office address, status of the company, etc. are made available in a public database. This feature makes it easy to authenticate the existence of the business that ultimately helps in improving business credibility.
Easy Transferability of Shares
Shares of the public limited company are purchased and sold in a stock exchange market. They are freely transferable between the members and people trading in the stock exchange.
Perpetual succession
The company keeps on existing in the eyes of law even in the case of death, insolvency, the bankruptcy of any of its members.
Access to Finance
A public limited company can easily obtain funding from Banks and other financial institutions since they are more willing to extend financing to this type of company than to smaller forms of business entities.
Scope for expansion
There is unlimited scope for growth and expansion of business in Public Limited Company. New shares can be used to raise additional capital.
Documents Required for Modification of Charge
Quick Checklist
- Photograph of all the Directors
- PAN Card of all the Directors
- ID Proof of all the Directors (Driving License/Passport/Voter ID)
- Electricity Bill or any other utility bill for the address proof of the Registered Office
Registered Office Proof
In may be noted that for Indian nationals, PAN is mandatory and for foreign nationals apostilled documents would be required. Documents like bank statement or electricity bill should not be older than 2 months. Along with that utility bill, rent agreement or sale deed and a No Objection Letter (NOC) from the landlord with his/her consent to use the office as a registered office of a company must be submitted.
Modification of Charge-Process Flow
5 Easy Steps
1
Filing of Name Application under RUN (Reserve Unique Name)
2
Verification of documents by our experts
3
Filing of Spice forms for Incorporation
4
Get Company’s Incorporation Certificate
5
Get Company’s PAN & TAN
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FAQs On Modification Of Charge
Get answers to all your queries
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Can NRIs/Foreign Nationals be a Director in Public Limited Company?
Yes, an NRI or Foreign National can be a Director in a Public Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident of India.
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Is there any limit on number of shareholders in a Public Limited Company?
No, unlike a Private Limited Company a Public Limited company has no limits on maximum number of shareholders.
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What is share capital?
When total capital of a company is divided into shares, is called as share capital. Share capital is the total amount of capital collected from their shareholders for the purpose of achieving the objectives of the company.
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How many Directors are required to incorporate a public limited company?
A Public Limited Company must have minimum three directors.
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What is Director Identification No. (DIN)?
DIN is a unique identification number alloted to an individual who is appointed as a Director of a Company and it is mandatory for every Director to have this number.
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In Which Cities do you provide your services?
Ebizfiling.com provides process of Modification of Charge all across India. You can obtain process of Modification of Charge in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur or any other cities easily with us.
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Still have confusion?
Don’t worry!! Our expert will help you to choose best suitable plan for you. Get in touch with our team to get all your queries resolved. Write us on info@ebizfiling.com or call us @+91 9643 203 209.
