Public Limited Company Registration, Public Limited Company

Public Limited Company Registration
Starting at INR 17,999 onwards

What is a Public Limited Company Registration?

Public Limited Company Registration is one of the most popular forms of company registration in India.  A Public limited company registration is governed by the Ministry of Corporate Affairs under Companies Act, 2013 and the Companies Incorporation Rules, 2014. A Public Limited Registration needs a minimum of seven shareholders and two directors. Individuals and Corporate from places other than India or NRIs are allowed to be Directors and/or Shareholders of the Company with Foreign Direct Investment. This makes Public Limited Company Registration one of the most suitable kind of Company Registration for foreign promoters as well. Apart from the limited liability protection to its shareholders, features like ability to raise equity funds, separate legal entity status and perpetual existence make it the most recommended type of business entity for businesses of all sizes. A Public Limited Company also has a better capacity of raising capital than that of Private Limited Company, One Person Company (OPC) or Limited Liability Partnership (LLP).  Apart from Banks and financing from Financial Institutions Public Limited companies can raise money from public making it the best organisational structure for larger corporates.

Why Public Limited Company Registration?

Borrowing Capacity

A Public Limited Company can avail better scope for borrowing funds. Banking institutions and Venture Capital Firms prefer to render financial assistance to a  Public Limited company rather than partnership firms, proprietary concerns or any other form of unregistered business. Being public limited company, it is allowed to raise funds from public and also have better borrowing avenues.

Perpetual Succession

A Public Limited Company exercise “Perpetual Succession”; which means that the company’s life is not determined by the longevity of its members, shareholders, promoters, directors, employees or anyone else. If a shareholder dies, or hypothetically, all the shareholders of Public Limited Company dies or resigns , only their shares in the company will be transferred to new people.

Separate Legal Entity

A Public Limited Company Registration is a separate legal entity as distinct from its members, and is separate at law from its shareholders,directors, promoters etc. A Public Limited Company has the capacity to own properties, incur debts and exercise a number of legal rights.

Limited Liability

Limited Liability protects the personal assets of founders, partners, directors or shareholders of the company in case of debt or insolvency. The liability of the members in respect of the company’s debts is limited only till their investment of capital in the company and not their personal assets.

Transferability of Shares

Shares of a Public Limited Company are easily transferable by a shareholder to any other person. The Transfer process involves filing and signing a share transfer form and handing over the buyer of the shares along with share certificate.

Suing Capacity

A Public Limited Company can file legal proceedings or a suit in a court of law exactly like an individual person. A Public Limited Company being an independent legal entity can sue and also be sued in its own name.

What are the Requirements for a Public Limited Company Registration?

MEMBERS

For a Limited Company Registration the company must have at least seven share holders. There is no upper limit for maximum number of share holders a Public Limited Company can have.

DIRECTORS

For a Limited Company Registration a company must have at least three directors and a minimum of one director should be an Indian. The maximum number of directors a Limited Company can register is 15.

REGISTERED OFFICE

The registered office of the Limited Company must be in India. It need not to be an owned space as even a rented space can be used as long as a NoC is obtained from the owner of the property.

CAPITAL REQUIREMENTS

There is no minimum Capital Requirement for a Limited Company Registration. However, it is suggested to register with a minimum capital of INR 1 Lakh in order to avoid multiple capital increase.

Public Limited Company Registration Documents Requirements

Public Limited Company Registration, Public Limited Company

Passport Sized Photo
Passport sized Photos of All Directors

Public Limited Company Registration, Public Limited Company

Identity proof
Aadhar Card/Driving License/Voter ID Card/Passport

Public Limited Company Registration, Public Limited Company

Address Proof
Latest Bank Statement/Utility Bill

Public Limited Company Registration, Public Limited Company

Director Information
KYC Details Of Directors

Public Limited Company Registration, Public Limited Company

Business Address Proof
Latest Bank Statement/Utility Bill

Public Limited Company Registration, Public Limited Company

No Objection Certificate
NOC From the Property Owner

Public Limited Company Registration, Public Limited Company

Rental Agreement
Rental Deed of the Business Premises

Public Limited Company Registration, Public Limited Company

Property Documents
For self owned Property

How much Time does a Public Limited Registration takes?

Public Limited Company Registration, Public Limited Company

Name Reservation Application

One Day

Public Limited Company Registration, Public Limited Company

Acquire Digital Signature Certificate

Two Days

Public Limited Company Registration, Public Limited Company

Drafting of Incorporation Documents

Two – Three Days

Public Limited Company Registration, Public Limited Company

Filing for Incorporation INC32 (SPICe From)

One Day

What are the Deliverables?

Public Limited Company Registration, Public Limited Company

Certificate Of Incorporation

A Certificate of Incorporation is a legal document issued by the Ministry of Corporate Affairs and Government of India after the Company Registration. It serves as the proof of legal existence of Public Limited Company.

Public Limited Company Registration, Public Limited Company

Directors Identification Number

DIN is a unique Director Identification Number allotted by the Central Government to any individual intending to become a Director a company.It is an 8-digit unique identification number which has validity for lifetime.

Public Limited Company Registration, Public Limited Company

Digital Signature

A Digital Signature (DSC) is an equivalent of a handwritten signature or stamped seal, but is way more secured and safe to use. You would receive a class 2 Digital Signature for all the Directors of the Company with a validity of 2 Years.

Public Limited Company Registration, Public Limited Company

MOA/AOA

Memorandum of Association consists of the objectives of the organization. Articles of Association are reports that contains the purpose, obligations and responsibilities of its owners, directors, promoters or shareholders.

Public Limited Company Registration, Public Limited Company

Company PAN

Registered businesses like Public Ltd Company needs to obtain a PAN Card in the name of the registered business. The PAN number needs to be quoted in every financial transaction of the business.

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Public Limited Company Registration, Public Limited Company

Company TAN

Tax Deduction Account Number is a 10 -digit alpha-numeric number issued by the Income-tax Department. TAN is to be obtained by all persons who are responsible for deducting tax at source (TDS) or who are required to collect tax at source (TCS).

How to select the Perfect Name for your Public Limited Registration?

The name of your company represents the ideologies, vision and working of the company and its founders. Hence choosing the right name for your company is highly essential as you don’t want to be stuck with a wrong or bad name that doesn’t go with the product/service and vision of your company. The name must be relevant, attractive and meaningful. However there are few other factors that should be kept in consideration while choosing the name for your business. Here are some crucial points to remember.

SHORT & SIMPLE

Your Company name should be short simple and quick to remember. It should also be easy to pronounce. You don’t want to have a name which is misspelt every time someone looks for it.

UNIQUE

The chosen name mustn’t be the same or identical to an already existing company or a trademark in any manner. Names identical to already existing companies are usually rejected by the MCA during Company Registration process.

MEANINGFUL

Your Company name should be short simple and quick to remember. It should also be easy to pronounce. You don’t want to have a name which is misspelt every time someone looks for it.

NO ILLEGAL/OFFENSIVE NAMES

The name of the company should be as per the law. It can’t be abusive, unethical, restricted (click here to see) or against any customs, beliefs, religion, ethnicity or country.

ADD BUSINESS TYPE

Adding the type of business at the end of the desired company name helps people to figure out the products/services of your company and establishes a brand image in the relevant domain.

WITH SUFFIX

The name of the company must end with the suffix “Public Ltd” in a case of a Public limited company, “OPC Private Limited” in case of a One Person Company and “LLP” in case of a Limited Liability Partnership.

 Public Limited Company vs. Private Limited Company vs. Limited Liability Partnership

Features

Price Starting At
  • Registration Law
  • Entity Status
  • Members/Owners Liability Clause
  • Directors
  • Raising Capital From Public
  • Transfer-ability
  • Perpetual Succession
  • Annual Statutory Meetings

Public Limited Company

INR17,999+GST
  • Companies Act, 2013
  • Separate legal entity
  • Limited Liability
  • Minimum 3 Directors
  • Allowed
  • Ownership can be transferred.
  • Yes
  • Periodic Board and General Meetings are mandatory.

Private Limited Company

INR4,499+GST
  • Companies Act, 2013
  • Separate legal entity
  • Limited Liability
  • Minimum 2 Directors
  • Not Allowed
  • Ownership can be transferred.
  • Yes
  • Periodic Board and General Meetings are mandatory.

Limited Liability Partnership

INR3,999+GST
  • Limited Liability Partnership Act, 2008.
  • Separate legal entity
  • Limited Liability
  • Minimum 2 Partners
  • Not Allowed
  • Ownership can be transferred.
  • Yes
  • Not Required

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Frequently asked Questions

No, you need to be physically present for the incorporation of your company. You can send your documents to us via Email.

For a Public Limited Company registration, it takes a around 15- 20 working days.

SPICe form is a new consolidated form introduced by MCA simplifying the incorporation and taking the process to fast track mode incorporating a company in less then 10 days if approved on time.

Yes, a Public limited company has eternal existence until its liquidation or closure.

Registrar of Companies (ROC) is an office vested with the primary duty of registering companies and LLPs floated in the respective states and the Union Territories and ensuring that such companies and LLPs comply with statutory requirements and regulations. These offices function as registry of records, relating to the companies registered with them, which are available for inspection by members of public on payment of the prescribed fee.

Any individual qualifies as per the Contract Act 1872, can be a member in a Public Limited Company

No, there is no requirement of minimum turnover to start a Public Limited Company

No, there is no specific requirement to have an office (commercial ) space for registering a Public Limited Company.

Yes, there is no restriction on registering a Public Limited Company with their home address. However, a NoC is required from the owner of the property to register the address.

Yes, NRIs and Foreign nationals can become directors in a Public Limited Company. But as per the regulations, at least one director of the company should be an Indian resident.

Yes, any person above the age of 18 can be made a director of the company provide s/he is qualifies as per the Companies Act,2013.

After Incorporation, a company is treated as a separate legal entity in front of Law. It is separate at law from its shareholders, directors, members, promoters etc. and as such is conferred with rights and is subject to certain duties and obligations. By virtue of this, a company is able to hold the assets in its own name. In addition, the owners are not liable for any actions taken by the company unless caused with fraudulent intention with involvement of owners. Due to this the company is distinguished from its owners and management.

No taxes or duties (direct or indirect) are not automatically applicable to a Public Limited Company. These taxes will be applicable as soon as the respective limits under the various tax acts are exceeded.

The amount of share capital has to be deposited in the bank account of the company at any time only after Incorporation within a period of 30 days.

Capital is the owner’s investment in the company.

Yes, registered address of the company can be changed at any time after the incorporation of the company by following few simple steps.

Yes, every company has to maintain its books of accounts and get it audited by a Chartered Accounted (CA) as per the regulations under The Companies Act, 2013, failing both the company and its directors shall be subjected to penalty and disqualification.

Following documents relating to Director:

  • Passport sized photo
  • PAN Card
  • ID proof- Anyone (Voter ID/Aadhar Card/Driving License/Passport)
  • Address Proof- Anyone(Electricity Bill/Telephone Bill/Mobile Bill/Bank Statement)

For are the documents regarding Registered Office Address

  • In case of Rented Building: Rent agreement along with latest rent receipt with NOC from owner
  • In case Leased Building: Lease deed with NOC from owner
  • In case Owned: House tax receipts
  • Electricity bill

DIN (Directors Identification Number) is a unique Identification Number allotted to an individual who is appointed as a director of a Company by the Ministry of Corporate Affairs (MCA)

No you don’t need to deposit the capital amount while registration of the company.

DSC stands for Digital Signature Certificate. This is a secure and authentic way to submit a document electronically. As such, all filings done by the companies/LLPs with MCA/ROC are required to be filed using Digital Signatures by the person authorised to sign the documents.

MOA contains the objectives and powers of the company and AOA provide the regulations by which those objectives and powers are to be conveyed into impact.

Yes, for incorporating a Public Limited Company a minimum of three directors are mandatory. Alternatively, a Private Limited Company can be incorporated with two director One Person Company (OPC) can be incorporated with only one director.

Any individual who has attained age of 18 years can be a director of a Public Limited Company subject to not being disqualified under The Companies Act, 2013.

There is as such no minimum capital requirement for forming a Public Limited Company; however it is recommend to start with a minimum capital of Rs. 1,00,000 to avoid frequent increase in capital.

Yes, there is no restriction for a salaried person to be the director of a Public Limited Company.

Yes, a LLP can be converted to a Public Limited Company but not the vice versa.

Please click on this link to get a detailed information about the selection of the name for your company.

No, you need not visit ROC office for the incorporation of your company. You have to file the specified forms along with the required documents digitally.

A company name can be obtained in an easy manner by the newly introduced RUN (Reserve Unique Name) Web-Form In India. RUN Is a web service for reserving a name for a new company or for a change of name for an existing company

Yes. Public Limited Companies can issues shares to general public.

Public Limited Companies need a minimum of 7 share holders to incorporate and there is no limit on maximum number of share holders.

Yes, Public Limited Companies can get venture capital and FDI.

Reserve Unique Name (RUN Form),  SPICe INC- 32 Forms for faster company incorporation, e-MoA(INC-33) and e-AoA (INC-34) are also to be filed for a Public Limited Registration.