Public Limited Company Registration

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What is a Public Limited Company?

Public Limited Company is a business entity which offers its shares to the public or whose securities are traded in the stock market. Such companies can raise substantial capital through the issue of shares to the general public. Minimum three Directors, seven shareholders and a registered office are required to incorporate a Public Limited Company in India. In a Public Limited Company, the members have to follow strict compliances as compared to a Private Limited Company. If you want to start a Public Limited Company, then you have landed on the right platform. This piece of information will give comprehensive knowledge about the procedure, eligibility, documents required for Public Limited Company Registration.

Table Of Contents

An Overview

A Public limited company (‘PLC’) enjoys all the advantages of a Private Limited Company and moreover, ability to have an unlimited number of members, ease in transfer of shareholding, and more transparency. Usually, Public Limited Companies get listed with stock exchanges to raise capital from the general public and also provide wide options to raise funds through bank loans, general public, and other fund-raising sources like Institutional investors.
Starting a Public Limited company is a cumbersome process and public limited companies are burdened with multiple regulations of the government.
A Public Limited Company can either be an unlisted Company or a listed Company on the Recognized Stock Exchange in India.

Advantages

Related read: How To Register A Company In India: A Step By Step Guide

Checklist For Incorporating A Public Limited Company

Steps to Incorporate a Public Limited Company

Step 1: Application for DSC (Digital Signature Certificate)

Step 2: Application for the name availability

Step 3: Filing of verified documents along with E-MOA and E-AOA  on the MCA portal to register a private limited company in form SPICE + wherein application for various registration as listed below along with the application for Incorporation is done.

Sr. NoParticularsMandatory/ Non Mandatory
1.Director Identification NumberMandatory
2.PANMandatory
3.TANMandatory
4.Professional Tax RegistrationMandatory
5Opening of Bank AccountMandatory
6ESICMandatory
7GSTINNot Mandatory
8EPFO RegistrationMandatory

Step 4: Obtaining Certificate of Incorporation from the Registrar

Step 5: Depositing the Subscription money in the bank account, and filling of form for Certificate of Commencement.

ICI Infographic Public Limited Company

Requisite Documents

For Directors and Shareholders
Identify the 3 directors (or more) and submit their following mentioned documents:

For Registered Office

All companies registered in India are required to comply with various rules and regulations. Failure to comply can lead to penalty or disqualification of the directors.
We at ICI will help you in maintaining Statutory compliances for your company at a very affordable price point.

Related read:Income Tax Returns (ITR) AY 2021-22: Which ITR Form Should You File?

Incorporating a Public Limited Company at ICI

At ICI, we will help you start your own Public Limited Company in less than 14-20 working days, subject to government processing times, and availability of all documents.

FAQs

DIN is allotted by the Central Government to any person intending to be a Director of a company. It is an 8-digit unique identification number that has lifetime validity. DIN is specific to a person, which means even if he is a director in 2 or more companies, he has to obtain only 1 DIN.

Whenever a return, an application, or any information related to a company will be submitted under any law, the director signing such return, application or information will mention his DIN underneath his signature.

When the total capital of a company is divided into shares, it is called as share capital. The share capital is the total amount of capital collected from their shareholders to achieve the objectives of the company.

An address in India where the registered office of the Company will be situated is required. The premises can be a commercial/industrial/residential where communication from the MCA will be received.

No, you will not have to be present at our office or appear at any office for the incorporation of a Limited Company. All the documents can be scanned and sent through email. Some documents will also have to be couriered to our office.

Once a Company is incorporated, it will be active and in-existence as long as the annual compliances are met with regularly. In case, annual compliances are not complied with, the Company will become a Dormant Company and maybe struck off from the register.

Yes, a NRI or Foreign National can be a Director in a Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident India.

Sr. No Particulars Mandatory/ Non Mandatory
1. Director Identification Number Mandatory
2. PAN Mandatory
3. TAN Mandatory
4. Professional Tax Registration Mandatory
5 Opening of Bank Account Mandatory
6 ESIC Mandatory
7 GSTIN Not Mandatory
8 EPFO Registration Mandatory
9. Digital Signature Certificate Mandatory

Yes, NRIs / Foreign Nationals / Foreign Companies can hold shares of a Limited Company subject to Foreign Direct Investment (FDI) Guidelines.

Speak to our experts who shall solve all your doubts. Call us at  +91 7738 066 334  or Mail us at info@indiacompanyincorporation.com

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