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Public Limited Company Registration

Public Limited Company Registration requires a minimum paid-up capital of Rs.5 Lakh together with 7 shareholders and 3 directors; moreover the set limit can go up to 200 directors.

Package Inclusions –

  • 3 DSC & 3 DIN
  • Company Name Reservation
  • Articles of Association (AOA) and Memorandum of Association (MOA)
  • Corporate Identification Number (CIN)
  • PAN & TAN
  • Capital Rs. 500 K As per (Stamp duty as per NCT Delhi )
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What is a Public Company?

Section 2 (71) defines a public company under Companies Act 2013, as a company which is not a private company and has the minimum paid-up capital of Rs 5 Lakhs. A PLC is owned by the members which must be minimum 7 in number. Moreover, all the acts of members of the public entity are guided by the Memorandum of Association (MOA) and Articles of Association (AOA).

Public Limited Company Registration?

The Public Limited Company registration, first of all, requires a minimum composition of 7 members and 3 directors. However, the maximum number of directors can be 50, and the maximum number of members is unlimited for the registration of public limited company. The PLC also has limited liabilities for its members and has rights to issue its shares to the general public for raising the capital of the company. For the purpose of public ltd. company registration, the company which is a subsidiary of a public entity shall also be deemed to be public even where such subsidiary company continues to be a private company in its articles.

public limited company registration

TYPE OF COMPANY

 

DIRECTORS  APPOINTMENT

Public Company or a Private Company which is a subsidiary of public company

2/3 of the total number of Directors are appointed by the shareholders and remaining 1/3 appointment is as per Articles of Association.  In case AOA is silent, then shareholders shall appoint the remaining directors. 

Public Ltd. Company registration in India initially requires the Digital Signature Certificate and Director Identification Number in favour of one director for the purpose of incorporation. Thereafter, the company needs to obtain approval for the name and to identify that no company with a similar name is existent at the time of incorporation of such a new company. Once the approval is obtained, all the required documents and necessary forms need to be filed. Finally, after a full verification regarding the registration process, the MCA will issue a certificate for the Public Ltd. Company.

Process for Public Limited Company Registration

Public Limited Company Registration Process

Package Included in Public Limited Company Registration

  • 3 Digital Signature Certificate and 3 Director Identification Number (DIN)
  • Company Name Reservation
  • Articles of Association (AOA) and Memorandum of Association (MOA)
  • Corporate Identification Number (CIN)
  • Company PAN and TAN
  • Company Agreement

Documents for Public Limited Company Registration

document for public limited company registration
  • Identity Proof such as Aadhaar card, PAN card, Driving License, Voter Id of all the designated directors and shareholders. 
  • Address Proof of all the proposed directors and shareholders of the company.
  • PAN card details of all the directors and shareholders
  • Utility bill such as telephone, gas, water or electricity bill of the registered office as a residential proof of the business place. It should not be older than 2 months. 
  • A NOC or No Objection Certificate from the landlord of the business place. 
  • DIN or Directors Identification Number of all the designated directors
  • DSC or Digital Signature Certificate of the designated directors
  • Memorandum of Association (MOA) and Article of Association (AOA)

How Enterslice helps you to get Public Limited Company Registration

Fill The Form

Fill The Form

Get a Callback

Get a Callback

Submit Document

Submit Document

Track Progress

Track Progress

Get Deliverables

Get Deliverables

Frequently Asked Questions about Public Limited Company Registration

Public Limited Company registration is a 100% online process. No need to be present physically to our office or ministry of corporate affairs. We will send our person to your home or office for document signature.

AOA refers to articles of association which defines the internal constitution of the company, and MOA defines mission, vision, business objectives of the company in the log run.

No. you need not hire a full-time CA or CS. We will offer your annual compliance package thru you will get the right advice from our team.

Usually, we register a company in 15 business days.

As Per companies act 2013, company name should be unique, and business objectives should be added to the name. Also, do care that business name and legal should be different.

All proposed directors should provide identity proof (like Aadhar/ Passport / DL/ any other government issued ID, Utility bills as address proof, a copy of PAN Card (for Indian Nationals) and Passport (for foreign nationals). No-objection Certificate must be submitted by the owner of the registered office premises.

The DSC is a digital signature certificate which is issued by the certifying authority to sign the electronic documents. DIN is a director identification number. Every proposed director in a company must have a valid DIN.

A registration certificate issued by the registrar of company shall be valid throughout the life of the company.

A Public Ltd. Company requires a minimum of 7 shareholders and a minimum of 3 directors.

The director needs to be at least 18 years of age. Any individual can become the director of the Public limited company, including foreigners/NRI.

A Public Ltd. company must hold a Board Meeting at least once in every 3 months. Also, an Annual General Meeting must be conducted by the Limited Company, at least once every year.

Yes, an NRI or Foreign National can be a Director in a PLC after obtaining DIN. However, minimum one Director must be an Indian resident in the Board of Directors.

A Registered Office refers to the official correspondence address of a company or its principal place of business. The address of the Registered Office will be used for all official communications of the company.

A public company which is not a private company and has the minimum paid-up capital of Rs 5 Lakhs

Public Co. requires minimum composition of 7 members and 3 directors whereas the Private Co. requires the minimum of 2 members and 2 directors.

By filing a E-form INC 27 to the Registrar within 15 days after passing special resolution along with the prescribed fees.

A Public Co. can raise capital, by issuing new shares to the public or by selling the shares of the existing shareholders.

The minimum Directors required in a Public Limited Co. are two and maximum can be 15 in number.

The shareholders of the company are the owner of the company.

The directors appointed by the board have the controlling power and take decision on behalf of the company.

The main characteristics of the Public Limited Company are separate legal entity, limited liability, perpetual succession, separate property, transferability of shares, common seal, and capacity to sue and being sued.

The Public Limited Company can issue the following shares ordinary shares, cumulative preference shares, preferences shares, bearer shares and redeemable shares.

A public company limited by shares must have the word "Limited" as part of its name. There must be no limit on the maximum number of shareholders. These companies are listed on a stock exchange and raise capital by issuing shares and debentures. The liability of owners of public limited company by shares is limited to the extent of their outstanding share capital.

The main similarities between the Public Company and Private Company as that both are limited companies and have perpetual succession.

The Public Limited Company may be dissolved by the shareholders i.e. voluntary liquidation and by the judiciary i.e. winding up by tribunal.

The disadvantage of a Public Limited Company is directors and manager appointed to run the business may have different aims to those of the shareholders.

The sources of finance for Public Limited Company are personal investment, government grants and subsidies, bank loans, venture capital, business incubators.

The main advantages of a Public Limited Company are share capital can be raised from existing and new investors. Shareholders are able to sell their shares.

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