Public Limited Company Registration
- To Incorporate a Public Limited Minimum 3 Directors are required.
- To Incorporate a Public Limited Minimum 7 Members are required.
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Public Limited Company Registration
A public limited company (PLC) is a separate legal business entity that has limited liability and offers shares to the general public. The company can invite public for subscription of securities through an IPO or via Trades on the stock exchange. Incorporating a Public Limited Company is a suitable option for large scale businesses that require huge capital. For Public Limited Company Registration, the company must have minimum 3 Directors, 7 Shareholders and need Rs 5 Lakhs of Paid up Share Capital. A Public Limited Company is strictly regulated and is required to publish its true financial health to its shareholders.
Process of Public Limited Company Registration
DIN & DSC of all proposed Directors
To incorporate a Public Limited Company, DIN & DSC are required for all proposed directors.
Approval of Name
The foremost part of the process requires that the name of the Company has to be approved by the ROC. It is obligatory that the name of the Public Limited Company ends with the word “Limited”.
Submission of Documents
After getting all the documents prepared, those are required to be submitted to the ROC for verification.
Issue of Certificate of Incorporation
After verification of all the submitted documents, the ROC registers the company and issues a Certificate of Incorporation along with the Corporate Identification Number of the Company.
Advantages of Public Limited Company Registration
Easily Raise Capital:
A public company can raise capital from the public by issuing shares, debentures and bonds on the basis of financial Performance and integrity of the company.
Separate Legal Entity:
A Public Limited Company is considered as a separate legal entity from its shareholders. It has a perpetual existence and can have its own PAN, bank accounts, approvals, contracts, licenses, assets and liabilities.
Easy Transferability of Shares
This is one of the biggest advantages of a Public Limited Company. The shares can be easily transferred by a shareholder to others, in India or abroad. The directorship of the company can also be changed for ensuring business perpetuity.
Limited Liability:
The liability of a public company is limited. No shareholder is individually liable for kind of Payment.
Documents required for Public Limited Company Registration
- Identity Proof
- Identity Proof of all the shareholders and directors. Pan Card/ Passport/ Aadhar Card
- Address Proof
- Address Proof of all the shareholders and directors. Aadhar Card/ Driving License/ Voter ID Card/ Passport
- Photograph
- Passport sized photographs of all the Directors
- Registered office Proof
Proof of Proposed registered office of the company In case the office is an owned place Electricity Bill/ Water Bill/ Registry Copy. In case the office is a rented property Rent agreement & NOC.
- Director Identification Number (DIN)
- Director Identification Number (DIN) of all Directors
- Digital Signature Certificate (DSC)
- Digital Signature Certificate (DSC) of all Directors.
Pre-requirements for Public Limited Company registration
- Minimum Paid-up Share Capital -- Rs. 5 Lakh
- Minimum Number of Directors -- 3 Directors
- Maximum Number of Directors -- 50 Directors
- Minimum Number of Shareholders -- 7 Members
- Maximum Number of Shareholders -- No Limit
Annual ROC compliance
- Annual Return in Form MGT-7
- Financial Statements in Form AOC-4 to be filed with the Balance Sheet, Profit and Loss Account, Director's Report, Cash Flow Statement, Auditor's Report, and the Consolidated Financial Statement
- Income Tax Returns
- Secretarial Audit Report in Form MR-3
- Compliances under all Rules and Regulations associated with SEBI
- Form MGT-14 for Adoption of Financials and Director's Report
- Form MGT-15 regarding the report on the Annual General Meeting of the company.
Packages
Basic
What's included
- Public Limited Company Registration
- Digital Signature Certificate (7 Nos.)
- Incorporation Certificate
- AOA/MOA
- PAN/TAN
- Expert Consultancy
Basic
What's included
- Public Limited Company Registration
- Digital Signature Certificate (7 Nos.)
- Incorporation Certificate
- AOA/MOA
- PAN/TAN
- GST Registration
- Udyam Registration
- Expert Consultancy
Basic
What's included
- Public Limited Company Registration
- Digital Signature Certificate (7 Nos.)
- Incorporation Certificate
- AOA/MOA
- PAN/TAN
- GST Registration
- GST Filings GSTR3B & GSTR1 (for 6 months)
- Expert Consultancy
FAQs
Can Non-Resident be a shareholder or director of Public Limited Company?
Yes, he can be shareholder or director of company but for being a director such person need to possess DIN.
How Public Company is better than Private Company?
Public company shareholders has less risk compare to private as there liabilities are limited up to their shareholding.
Is DIN compulsory for every member?
No, Director Identification Number (DIN) is only allotted to Directors of company.
What are the pre-requisites for incorporation of Public Limited Company in India?
There should be 7 Shareholders and 3 Directors with minimum Rs 5 Lac of paid-up share capital.
Is One Person Company is Public Company?
No, it is not a Public Company but it is a type of Private Company with some changes.
Is there any limit for maximum number of members in a Public Limited company?
No, there can be unlimited number of members in a Public Company but for Private there is a limit of 200 members.
Is there any commercial space required for registration of Company?
No, you can also take registration at your residential address.
How Public Company is better than Private?
Public company can also issue shares to general public for capital requirement but Private can only arrange through private arrangement.