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Public Limited 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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Public Limited Company Registration in India

Public Ltd Company registration is an online process, mandatory under the Companies Act of 2013. The respective application can be filed on the Ministry of Corporate Affairs (MCA) website. To understand the process thoroughly, it is essential that you first understand what a Public Limited Company really is. The entity is a structure governed under the Companies Act, enabling free transfer of shares on stock exchange platforms. Its ownership is held by multiple shareholders all entitled to limited liability towards the business. At Setindiabiz, we offer full assistance and guidance for Public Company formation and incorporation process.

Key Features:

  • Online Process
  • Easy Documentation
  • Affordable & Cost-Effective
  • Suitable for Large Businesses
  • Huge Investment Potential
Play Video about Complete guide on Public Limited Company Registration Process in India

Checklist & Documents

The table below contains a list of documents required for Public Limited Company Registration, and the eligibility criterias for setting it up. Both these are crucial requirements for a successful incorporation process. Public Limited Company eligibility criterias include the minimum number of its owners and directors along with the presence of a unique name and office address. On the other hand, public limited company documents include the KYC of promoters and the proof of registered business premises. At Setindiabiz, we help you meet the eligibility criterias with ease and prepare all the documents beforehand for a seamless process. Here’s what you require:
Minimum Requirements List of Documents
  • 7 Shareholders
  • No Maximum Limit for Shareholders
  • 3 to 15 Directors
  • A Resident Indian Director
  • A Unique Name
  • A Registered Office
  • Adequate Capital
    Documents of Partners
  1. Colour Photo
  2. PAN Card
  3. Aadhar Card
  4. Latest Address Proof
    Registered Premises
  1. Latest electricity or water bill
  2. NOC from the owner

Note

The Address Proof Should not be more than Two months old

How to Register a Public Limited Company?

Public Limited Company Registration process can be completed in a series of simple steps. At Setindiabiz, we help you navigate through the steps easily, quickly and affordably. We provide full support from documentation to application filing and track your status till you receive your Registration Certificate. The steps below will help you understand our services better.

Step-1: Documentation

To apply for Public Company registration process, your first step would be preparation of requisite documents in their digital formats. These would include KYC documents of the Promoters, proof of registered office address, and NOC. Make sure you have all these documents with updated information beforehand, to avoid any obstacle in the process later.

Step-2: Select & Approve Company Name

The next crucial step in the procedure for registration of a Public Limited company is to select a unique and valid name. You can consult us to determine the accuracy of your selected name. Once the name is selected, apply for its approval by the ROC.

Step-3: Draft MOA & AOA

MOA and AOA are crucial legal documents required for Public Limited Company Registration. While MOA contains the legal details of the company, AOA contains the set of rules and regulations drafted for its internal management. Our legal team assists you in preparing both these documents.

Step-4: Apply for Registration

The final step would be to apply for registration online on the MCA portal. You can use the SPICE Plus or INC-32 form for it. All the details have to be filled accurately and the documents have to be uploaded in their digital formats. To complete the form, attach the DSC of the authorized director.

Step-5: Receive Certificate of Registration

Your Public Limited Company Registration procedure will be complete after you receive the Certificate of Registration. With the Certificate, you also have your Company PAN and TAN. Also, a unique CIN is allotted to your company for its unique identification.

Benefits of Public Limited Company

A Public Limited Company is highly preferred among entrepreneurs who wish to set up a business at a larger scale. It offers high potential for growth and expansion. Moreover, the ability to transfer and trade shares freely also enhances its investment potential. Here are a few more prominent Public Company benefits for your detailed and comprehensive understanding.

Limited Liability

Liability of Shareholders is limited only to the capital they have subscribed to.

Attractive for Investors

Investors find it attractive for funding because of the availability of public records at ROC.

Preferred by Creditors

Legal credibility and high growth potential makes a company preferable for funding

Easy to Incorporate

Incorporation is 100% online and easy to process and can be completed in a few days.

Low Income Tax

Companies enjoy favorable tax rates in comparison to other forms of business.

Perpetual Existence

The company exists beyond the life of its shareholder until it is wound up.

Private Limited vs Public Limited Company

Public Ltd Company registration is quite similar to the Private Ltd Company Registration process, and entrepreneurs often get confused over which one to opt for? Here’s a detailed comparison table weighing the pros and cons between the two, to help you make a better and informed choice.

Private Limited Company

  • Merits (Pros)
  • Limited Liability for Shareholders
  • Perpetual Existence
  • Distinct Legal Identity
  • Separate Management
  • Limited Public Disclosure
  • Tax Benefits for Small Companies
  • Flexible Ownership Structure
  • Demerits (Cons)
  • Restricted Ownership Transfer
  • Limited Capital Raising Potential
  • Restrictive Transfer of Shares
  • Higher Compliance Requirements
  • Restrictions on Share Transfers
  • Limited Access to Capital Markets

Public Limited Company

  • Merits (Pros)
  • Limited Liability for Shareholders
  • Perpetual Existence
  • Distinct Legal Identity
  • Capital Raising through Stock Market
  • Access to Wider Capital Markets
  • Easier Liquidation of Shares
  • Greater Investment Potential
  • Demerits (Cons)
  • Stringent Regulatory Requirements
  • Greater Compliance
  • Public Disclosure of Financial Information

Easily Register Your Public Limited Company With Us!

At Setindiabiz, we provide complete assistance in the Public Limited Company incorporation process, with expert services in application filing, documentation and compliance. We have decades of experience in helping startups kick start their business journey and set foot on the right legal path. We are quick, affordable and efficient, with a 100% online presence, so you can complete your Public Company Incorporation with ease and effortlessness. Here’s what we offer:
  • Proven Expertise
  • Nationwide Presence
  • Online Service
  • Custom Support
  • Trusted by Startup India

FAQs for Public Limited Company Registration

The LLP Act does not prescribe any minimum or maximum limits of capital for a limited liability partnership. This means you can start an LLP with any amount of capital as per the requirement of the LLP. However, the capital of the LLP cannot remain nil. after 6 months of LLP registration. Moreover, the ROC fee of LLP registration, and the stamp duty payable on the stamping of the LLP agreement is dependent on the capital of an LLP.
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.
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:
  • Annual Returns
  • Annual Financial Statements
  • Board of Director’s Report
  • Annual Income Tax Returns
  • Annual General Meeting of Shareholders
  • SEBI Compliances
  • Issue Public Company Prospectus
Public Limited Companies have several benefits, a few of which have been listed below.
  • Limited Liability for owners
  • Large capital investments
  • Easy transfer of ownership
  • Wider scope of fundraising
  • Shares open for General Public to buy
  • Perpetual Succession
  • Separation between ownership and management
  • 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.
Public Limited Company Registration Fees depend on the authorized capital of the company, Stamp Duty in the State, and professional charges. Request a Full quotation here
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.
You need 7 shareholders and 3 directors for Public Company formation. Also, make sure you have a valid name and a registered office address before incorporation.
At Setindiabiz, we help you navigate through the Public Company Registration process with ease. Here are the simple steps you need to follow:
  1. Apply for DSC & DIN of promoters
  2. Reserve Company name 
  3. Draft MOA & AOA 
  4. File Company registration application 
  5. Receive Company Registration Certificate