Public Company Registration

Public Company Registration in India

Public Limited Company Registration is easy, online and fast. We provide DIN, DSC, Name Approval, MOA, AOA and Company Registration Certificate in all our packages with PAN and TAN Numbers. Start your company today!
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Professional Fee for Public Limited Company
Select Suitable Package Format

Basic

₹ 24,999/-

  • DSC for Seven Promoter
  • DIN for Three Directors
  • Name Approval of the Company
  • MOA & AOA of the Company
  • Certificate of Incorporation
  • PAN & TAN of Company
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Silver

₹ 30,995/-

  • Everything from Basic Pack +
  • Commencement of Business Certificate
  • Issue of Share Certificate for Promoters
  • Stamp Duty on Share Certificate
  • MSME Registration
  • GST Registration
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Gold

₹ 40,990/-

  • Everything from Silver Pack +
  • First Auditor Appointment
  • Filing of ADT-1 Form to ROC
  • GST Ready Cloud A/c Software
  • GST Return for Six Month
  • TDS Return for Six Month
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Meaning of Public Limited Company

A Public Limited Company is established, incorporated and regulated under the Companies Act, 2013. Its ownership is shared among its shareholders in the ratio of the shares they hold or the capital they’ve invested in the company. Moreover, ownership can be easily transferred by trading the shares of the company on public platforms like Stock Exchange Markets, to investors and the general public alike. The shareholders share the profits of the company in a fixed ratio mutually agreed by them, while their liabilities are fixed to the amount of capital they’ve subscribed in the company.
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Key decisions to be made before setting up a Public Limited Company

  • What is the proposed business activity?
  • What would be the name of the company?
  • What should be the authorized capital of the company?
  • What will the capital sharing ratio be?
  • Who would be the first directors of the company?
  • What will be the registered address of the company?

Checklist to Register a Public Limited Company

To set up a Public Limited Company, you must fulfill certain prerequisite conditions as mentioned in the Companies Act, 2013. These conditions are related to the number of shareholders, number of directors, name, location and capital of the company. An elaborate list mentioning all such conditions has been provided below, for your convenient and comprehensive understanding.
  • Minimum 7 shareholders
  • At least 3 directors
  • At least one resident director
  • A registered business / office address
  • A unique and valid name of the company
  • Some amount of paid up capital

Procedure for Incorporation of Public Limited Company Step-by-Step

A Public Limited Company must be mandatorily registered under the Companies Act, 2013, the procedure for which has been completely digitized by the Indian Government. The entire process of incorporation has become 100% online, beginning from the submission of application and documents to the issue of the Certificate of Incorporation by the Registrar of Companies. Now, all you need to do is subscribe to our all inclusive package of company registration and we will assist you throughout the process of incorporation, ensuring agility, transparency, and affordability for you.
STEP 1 – Documentation
To apply for the incorporation of Public Limited Company, you must produce certain documents as prescribed by law. A list of all such documents has been mentioned in the next section. Before even beginning the process of Company Registration, you must ensure that you are in possession of all these documents, and if you miss any of them, you must arrange for it as quickly as possible.
STEP 2 – Select a name for your company
The name of a Public Limited Company must be unique and communicative of its brand and business activity. Moreover, the Companies Act, the Company (Incorporation) Rules, the Trademark Act, and the Names and Emblems Act, lay down a set of mandatory guidelines that are required to be followed while naming a company. The name of a company must not be similar or identical to the name of an existing company / LLP, or an applied or registered trademark. To get a complete overview, read our article on name approval guidelines.
STEP 3 – Reserve Company Name
Once you’ve selected a valid name for the company, you must reserve it with the Registrar of Companies, to prevent its misuse and plagiarism by other business entities. For this, all you need to do is avail our services of company name approval and reservation, where we will not only search the validity of the names proposed by you, but also apply for its reservation in the RUN (Reserve Unique Name) or PART A of the SPICe+ applications.
STEP 4 – Filing of SPICe+ application
After approving the name of a Public Limited Company, you can proceed with its incorporation. To apply for the incorporation of the company, you are required to fill out the online SPICe+ application available on the official website of MCA. The application is divided into two parts- PART A for the name reservation and PART B for company incorporation. The application is filled out and signed by any one director of the company, and submitted to the ROC along with the prescribed set of documents attached with it.
STEP 5 – Issuance of Certificate of Incorporation and CIN
The ROC, after receiving the application for incorporation, verifies all the details and documents furnished in it. Only after the ROC is satisfied with the authenticity of such details and documents, he shall register the Public Limited Company, and issue a Certificate of Incorporation to the company as a conclusive proof of such registration. Additionally, the ROC also allots a Corporate Identification Number as the unique identity of the company.
STEP 6 – Issuance of PAN and TAN
Immediately after the Certificate of Incorporation is issued to the company by the ROC, the Ministry of Finance issues the PAN and TAN to the company. While a PAN is a necessary document for tax payments and compliances, TAN is required to entitle the company for deducting and collecting taxes at source.
STEP 7 – Filing Form 20 A
A Public Limited Company can commence business operations before, during or after its incorporation. However, if it has not commenced its business operations even after its incorporation, the law provides a maximum window of 6 months from the date of issuance of Certificate of Incorporation, within which the company must begin its business activities and intimate the same to the ROC in Form INC 20A. If the 6 months window expires without the company commencing its business activities, it stands the risk of being struck off from the Register of the ROC.

Documents Required For Public Limited Company Registration

The application for Company Registration must be filed to the Registrar of Companies along with the documents prescribed under law. These documents can be categorized into the personal documents of the signatory director or promoter, the documents of the Office Premises or the principal place of business, and the documents of the company. You can follow the table below for the complete list of documents.
Promoters Document
  1. Passport Size Colour Photograph
  2. Self attested Pan Card
  3. Self attested Aadhar Card
  4. Address Proof: (any one document)
    1. Telephone Bill
    2. Gas Bill,
    3. Electricity Bill
    4. Bank Statement
  5. Identity Proof: (any one document)
    1. Passport
    2. Voter ID
    3. Driving License
Docs of Registered Office
  1. Proof of Premises:
    1. Telephone
    2. Electricity
    3. Water Bill
  2. No Objection Certificate (NOC) From Owner
  3. Download NOC Format
Legal Drafts
  1. Questionnaire For Company Registration
  2. Consent of Directors in Form DIR-2
  3. Specimen Signature of Directors
  4. Signed Subscriber Sheet
Note: After the company incorporation, the ROC issues a Certificate of Incorporation that contains the company’s address, similar to that is available on the proof submitted for the registered address. Please ensure that the address of the premises on the NOC matches with the address on the utility Bill.

Related Articles

  • Private Limited Company vs Public Limited Company
  • Complete Guide for Public Limited Company Registration
  • Minimum requirements for Public Limited Company Registration
  • MCA Guidelines for name approval
  • What are the Documents required for Public Limited Company Registration
  • What is the cost of Public Limited Company Registration

Frequently Asked Questions About Public Limited Company

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A public limited company requires at least 7 shareholders to get established and registered in India. Such a large number of shareholders indirectly indicates that a Public Limited Company must raise a large amount of capital before its commencement and incorporation. Hence, it is best suited for businesses with a large scale of operations, a wide target consumer base, and huge prospects of growth and expansion in the near future.
No, it is not mandatory for Public Limited Companies to get listed on stock exchange platforms under the Companies Act 2013, unless such companies decide to trade shares and debentures to the general public. Note that, a Public Limited Company can sell shares or debentures to the general public on public platforms like stock exchange markets only.
The shares of a Public Limited Company can be acquired by individual investors, non-individual investors, and the general public. Besides resident Indians, investments in a public limited company is also permitted for non-resident Indians (NRIs), Foreign Institutional Investors (FIIs), Persons of Indian Origin (PIOs), and Qualified Individual investors (QFIs).
The liabilities of owners / shareholders in a Public Limited Company are limited to the unpaid amount of their respective subscribed capital only.
Post-incorporation, a Public Limited Company has to fulfill the following legal and tax compliances in every financial year:
  1. Annual Returns
  2. Annual Financial Statements
  3. Board of Director’s Report
  4. Annual Income Tax Returns
  5. Annual General Meeting of Shareholders
  6. SEBI Compliances

Public Limited Companies have several benefits, a few of which have been listed below.

  1. Limited Liability for owners
  2. Large capital investments
  3. Easy transfer of ownership
  4. Wider scope of fundraising
  5. Shares open for General Public to buy
  6. Perpetual Succession
  7. Separation between ownership and management
  8. Companies have legal and financial identity separate from its owners.
Foreign investment in a Public limited company is permitted for NRIs. However, foreign entities can invest in Public Limited Companies only if they are either Foreign Institutional investors (FIIs) or Qualified Institutional Investors (QFIs)
Yes, a foreign nation or an NRI can be appointed as the director of a Public Limited Company. However, a public limited company must have at least one resident director among all its directors.
Usually, it takes around 1-2 weeks to register a Public Limited Company, from the date on which the application for incorporation has been filed.
The name reserved for a Public Limited Company must end with the words “Limited Company”. For instance, if the name of a Public Limited Company is XYZ, it shall be registered as “XYZ Limited Company”.
As minors are incapable and ineligible of entering into contracts, they cannot buy the shares of a company. However, they can still hold its shares provided they have been gifted or transferred to him.
There is no limit on the maximum number of shareholders in a Public Limited Company.
The Board of Directors of a Public Limited Company is responsible to take its key managerial decisions. Such decisions are taken by passing resolutions in the board meetings held in a year, and are subject to the approval of shareholders of the company.
Public Limited Companies can raise funds by issuing bonds, debentures, and equity shares for sale to investors and the general public on stock exchange platforms.
There is no minimum capital requirement to establish and incorporate a Public Limited Company.
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