Public Limited Company Registration
Fusing a Public Company will provide you with greater security and credibility than other business forms. Count on Legaltoast and let us assist you with Public Limited Company Registration hassle-free in India! To avail our services, we charge 499/- as an advance or security payment.
- Company name reservation
- Director Identification Number (DIN) and Digital Signature Certificates(Dsc)
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Incorporation certificate
- Share certificate
- Tax/PAN/TAN
- Legal advisory, documentation, and additional Legal formats on a need basis.
PUBLIC LIMITED COMPANY REGISTRATION - AN OVERVIEW
For all those entrepreneurs who are planning to step up huge businesses like IT infrastructure or a manufacturing plant, a Public Limited Company Registration or a PLC is the best business structure. Nowadays, most people do not prefer Public Limited Company over Private Limited Company. Yet, it will be relevant to consider that if an individual is seriously planning something huge and requires to raise capital from the public by distributing shares in return. In that case, incorporating a Public Limited Company is the best option.
A Public Limited Company possesses all the benefits and privileges of a corporate entity mutually with the feature of Limited Liability. Moreover, some of the leading and famous examples of a Public Limited Company are Reliance Communications Limited, TATA Steel Limited, etc.
WHAT IS A PUBLIC LIMITED COMPANY?
A Public Limited Company is registered as per requirements guided under the Companies Act, 2013. All the shareholders and directors of a Public Limited Company enjoy the feature of Limited Liability. Besides, this business structure is permitted to raise capital from the public by publishing shares in return.
For a Public Limited Company registration, a minimum number of 7 shareholders and 3 directors are required. In Companies Act, 2013. the definition of a PLC is also provided under section 2(71). According to that, no minimum amount of capital is required to register a Public Limited Company.
Public Limited Company Registration in India is considered a better form of business than Pvt Ltd even though the laws and regulations of a Private Limited company are kind of lenient compared to Public Limited Company.
This business structure grants the benefits of a Private Company and has characteristics like easy transferability of shares and ownership.
BENEFITS OF A PUBLIC LIMITED COMPANY registration
Mentioned below are some advantages of a Public Limited Company are :
- Improved Capital: The general public is invited by way of the Prospectus to buy or subscribe to the Company’s shares. Therefore, contributing to claims by the general public leads to enhanced capital of a Public company.
- Fewer Risks: The Public Limited Company is allowed to sell its shares to the public, leading to a reduction in the range of unsystematic risks of the market.
- Listing in the Recognized Stock Exchange: By the following compliance, on any Recognized Stock Exchange, a public limited company can easily list its shares.
- Perpetual Succession: According to the feature of Perpetual Succession, the existence of a Public Limited Company will not be influenced by the death, insolvency, insanity, retirement of any member.
- Limited Liability: The liability of the members is limited to the extent of the amount remaining outstanding on shares.
- More Preference Given: when it comes to offering loans, banks give more Preference to a Public Limited Company than any other business structure.
- Transfer of Shares: Shareholders are authorized to transfer or sell their shares with ease.
PREREQUISITES TO OBTAIN A PUBLIC LIMITED COMPANY REGISTRATION?
Listed below are the requirement that needs to adhere for the registration of Public Limited Company is :
- Establishment of a Public Company needs a minimum of seven shareholders and three directors.
- At least one of the directors should have a Digital Signature Certificate (DSC) for signing documents electronically and digitally.
- All the directors of the Company should obtain DIN (Director Identification Number) mandatorily.
- An application declaring the Company’s main Object Clause is to be made—besides, the object clause talks in detail about all the Company’s activities after its establishment.
- Submission of the application to ROC (Registrar of Companies) and the required documents like MOA, AOA.
DOCUMENTS NEEDED FOR OBTAINING PUBLIC LIMITED COMPANY REGISTRATION?
The below-listed documents must be required for public limited company registration:
- Identity Proof of the directors and shareholders,
- PAN Card
- Aadhaar card
- Voter ID
- Driving License
- Address Proof of all the directors and shareholders of the related Company.
- Service bill in the form of phone, water, gas, or power bill of the registered office. Which will act as residential proof for the place being used as Registered Office. It must not be older than two months.
- A No-Objection Certificate (NOC) issued from the landlord of the place being used as a Registered Office.
- Directors Identification Number (DIR) of all the members.
- Digital Signature Certificate (DSC) of the members.
- Memorandum of Association (MOA) and Article of Association (AOA).
Procedure for public limited company registration
Make Enquiry
Get a call back from us
Make a partial payment (Rs.499)
Submit your document
Work Complete
Note: After completing the process, you have to make the whole payment of the amount.
Are you looking for Online Legal Services?
You are in the Right Place...
Our Packages
Small
- All expenses and Government fee
- 2 Director Identification Numbers (DIN)
- 2 Class III Digital Signatures (DSC )
- Certificate of Incorporation
- PAN Number
- TAN Number
- MOA and AOA Drafting
- Company Identification Number
- Name Approval with Spice+
- Addition cost of Rs. 2000/- for per Class III DSC in case there are more than 2 applicant
Medium
- All expenses and Government fee
- 2 Director Identification Numbers (DIN)
- 2 Class III Digital Signatures (DSC )
- Certificate of Incorporation
- PAN Number
- TAN Number
- MOA and AOA Drafting
- Company Identification Number
- Name Approval with Spice+
- MSME Registration
- INC-20A filing
- First Auditor Appointment Resolution
- Bank Account Opening Resolution
- Employment offer letter
- Employment Contract
- Appointment Letter
- Website Policy
- Disclaimer Policy
- NDA
Large
- All Inclusions from Executive Package
- Accounting up to 250 entries in entire FY
- Annual Compliance filing with MCA for a year
- ADT-1 Filing for First year
- ITR filing for first year
- Tax Return filing (up to 100 Invoices per month) for 12 months
- DIR-3 KYC for 2 DIN holders
Why Legaltoast?
Completely Online Process
Data Security & 100% Transparency
Real Time Update
Trained & Professional Experts
Professional Services at Affordable Prices
Quick Support
FAQs for Public Limited Company Registration
At least 7 shareholders and 3 directors are required for the Incorporation of a Public Limited Company.
It's mandatory that the director must be at least 18 years or above. Moreover, any individual can become the director of the Public limited company, including an NRI or foreign national.
The registration process of a Public Limited Company is done totally online. Therefore, neither you are needed to be physically present at our office nor at the Ministry of Corporate Affairs. Further, we will send our representative to your respective office or home address for obtaining a signature on the document.
Yes, an NRI or a Foreign National is eligible to become a Director of a Public Limited Company.
DIN or the Director Identification Number, is mandatory required by every listed director of a company.
A Public Limited Company is required to hold at least one Board Meeting every three months. Moreover, a Public Limited Company is also obligated to conduct an Annual General Meeting (AGM) at least once every year.
| Features | Private Limited Company | Public Limited Company |
|---|---|---|
| Minimum members | A minimum of two members are needed to incorporate a Private Limited Company | A minimum of seven members are required to incorporate a Public Limited Company |
| Minimum directors | A minimum of two directors are required to incorporate a Private Limited Company | A minimum of three directors are required to incorporate a Public Limited Company |
| Maximum members | A maximum of two-hundred members are required to incorporate a Private Limited Company | Unlimited |
| Minimum capital | No, minimum amount is required as the Minimum Capital | No, minimum amount is required as the Minimum Capital |
| Invitation to Public | No | Yes |
| Issue of Prospectus | No | Yes |
| The Quorum at Annual General Meeting | Two members | Five members |
| Certificate for the Commencement of Business | No | Yes |
| Suffix used at the end of name | Private Limited | Limited |
| Managerial Remuneration | No restriction | Cannot exceed more than 11% of the Net Profits |
| Statutory meeting (mandatory) | No, conducting a Statutory Meeting is not compulsory for a Public Limited Company | Yes, conducting a Statutory Meeting is compulsory for a Public Limited Company |