Call Us: +91 889 889 6999

Facebook-f Instagram Whatsapp

HomePublic Limited Company

Public Limited Company

Public Ltd Company Registration in India

A public limited company, or PLC, is a business structure that offers shares to the public and ensures limited liability for its shareholders. This means shareholders are only liable for the capital they have invested. PLCs are governed by legal regulations and are required to disclose their financial performance publicly. With typically larger capital bases, they can scale operations and attract diverse investors. Common in sectors like finance, telecom, and manufacturing, PLCs drive significant economic growth through capital raising and expansive business operations.

Public Ltd Company Registration in India

A Public Limited Company offers limited liability and enables fundraising by selling shares to the public. Suitable for larger firms, it is registered under the Companies Act, 2013. Public limited companies can list on the stock exchange and issue shares via IPOs. Discover the advantages, procedures, and legal requirements for incorporating a Public Limited Company through easypaytax.

book your appointment now
EASY PAY TAX.png copy

Public Ltd. Company - Incorporation Certificate [Sample]

Untitled design (32)

What is a Public Limited Company?

This type of company has limited liability and the power to raise equity by selling shares to the public. It is regulated under the Companies Act, 2013 and registered with the Ministry of Corporate Affairs. A Public Limited Company must have a minimum of seven members and at least three directors to be incorporated.

public limited company2

Advantages of Public Limited Company registration

Limited Liability:

Protects directors' personal assets from company-related risks.

Separate Legal Entity:

Legally distinct from its owners, enabling independent ownership of assets.

Raise Capital:

Shares can be offered to the public, making it easier to raise large funds.

Credibility and Attention:

Listing on stock exchanges enhances visibility and credibility.

Documents required for Public Limited Company registration

As per the Companies Act 2013, you need to provide proper identity proof of members and directors along with valid address proof of the business office. It is important to note that you don't need to own a commercial property for company registration; one can use his residential address for incorporation of the company. Here are the documents required:

  1. Passport size photographs of the members
  2. Copy of PAN Card of the members
  3. Copy of Aadhar Card or Voter ID
  4. Bank statement (not older than two months)
  5. Proof of registered place of business
  6. No Objection Certificate from the owner of the property

Minimum requirements for Public Limited Company registration

A minimum of seven members is required

 

A minimum of 5 lakh rupees is required for share capital

 

At least three members must be the directors of the company

book your appointment now
public limited company1

Process of Public Limited Company registration

Step 1. Application for Digital Signature Certificate (DSC)

Public limited company registration is a complete digital process, and therefore the requirement of a digital signature certificate is a mandatory criterion. Directors, as well as subscribers to the memorandum of the company, need to apply for a DSC from the certified agencies. Obtaining a DSC is a complete online process, and it can be done within 24 hours. This process involves 3 simple verifications: document verification, video verification, and phone verification.

Step 2. Application for the Name Approval

Name applications for public limited companies can be done through the SPICe RUN form, which is part of the SPICe+ form. While making the name application of the company, the industrial activity code as well as the object clause of the company have to be defined.

Note: It should be ensured that the business name does not resemble the name of any other already registered company and also does not violate the provisions of emblems and names (Prevention of Improper Use Act, 1950). You can easily check the name availability by using our company name search tool to verify the same.

Step 3. Filing of SPICe Form (INC-32)

After name approval, details concerning the registration of the company have to be drafted in the SPICe+ form. It is a simplified proforma for incorporating a company electronically. The details in the form are as follows:

  1. Details of the company
  2. Details of members and subscribers
  3. Application for Director Identification Number (DIN)
  4. Application for PAN and TAN
  5. Declaration by directors and subscribers
  6. Declaration & certification by professionals

Step 4. Filing of e-MoA (INC-33) and e-AoA (INC-34)

SPICe e-MoA and e-AoA are the linked forms that have to be drafted at the time of application for company registration.

A Memorandum of Association (MOA) is defined under Section 2(56) of the Companies Act 2013. It is the foundation on which the company is built. It defines the constitution, powers, and objects of the company.

The Articles of Association (AOA) are defined under Section 2(5) of the Companies Act. It details all the rules and regulations relating to the management of the company.

Step 5. Issuance of PAN, TAN and Incorporation Certificate

After approval of the above-mentioned documents from the Ministry of Corporate Affairs, a PAN, TAN, & Certificate of Incorporation will be issued from the concerned department. Now, the company is required to open a current bank account by using these documents. You can contact us for assistance with your current bank account opening.

A FinTech platform that understands your need

A comprehensive package of services for starting and managing your whole business, offered to you by a firm with a long-term goal to improve the way you do business.

book your appointment now
Shopping Basket