Public Limited Company Registration

A public Ltd. delights the advantages of limited liabilities for its shareholders and provides all the proper to sell their shares for raising the funds. Any interested investors can fund the shares of a Public Limited Company Registration in India.

What is a Public Limited Company?

A Public Ltd. is defined under Section 2(71) of the businesses Act, 2013 as:

a company that is not a private company

a company with a minimum paid-up share capital of INR 5 lakhs.

Note: Under the Companies Act, 2013, a subsidiary company shall be deemed to be a public company if it is not a subsidiary to a private company, even if it is a private company as per its articles.

Advantages of Public Limited Company

Business Type For Investors

Investors and other parties prefer Public Limited companies to invest their money as it is a well structured and also transparent business structure. If anyone wants to raise capital for your business and to sell the ownership in the business, this type of company is what they should consider.

Most Suitable Business For Heavy Investment

Public Limited company is the best business structure for heavy investment.

Easy To Raise Funds And Loans

Public Ltd. is sort of a person because it can list itself in various stock exchange markets in India and may raise capital from the stock market and from interested investors. It also enjoys wide options to raise capital through the general public, bank loans, and Institutional investors.

Uninterrupted Existence

A Public Limited Company has ‘perpetual succession, which means it has uninterrupted existence until it gets legally dissolved. Being a separate legal person, a corporation is unaffected by the departure or death of any member, it continues to be alive no matter the changes within the membership of the company.

Easy Transfer Of Shares

Importantly, it's very easy to answer from a Public Ltd., as only shares of the corporate need to be handed over to the investor or purchaser along with share transfer forms.

Owning Property

A Public Limited Company is a juristic person; it can own, acquire, enjoy and estrange, properties in its own name. There is no right to the shareholder to make any claim upon the property which is in the name of the company so long as the public limited company is a going concern.

Documents Required for PLC Registration

  • Passport-sized photographs of all the Directors
  • Copies of the identity documents of all the Directors- Aadhar Card, Voter Card, PAN card
  • DSC (Digital Signature Certificate) of all the Directors
  • DIN (Director Identification Number) of all the Directors
  • In case the office is during a rented property – the rent agreement
  • In case the office is an owned place – the property ownership documents
  • The water bill and the electricity bill of the business place
  • No Objection Certificate by the Landlord
  • Memorandum of Association (MoA)
  • Articles of Association (AOA)
  • It is necessary that all the documents pertaining to the registration of a Public Limited Company are in order to avoid any legal complications later on.

Public Limited Company Registration Procedure

  • Applying for Company Name reservation
  • Applying for Digital Signature Certificate (DSC) of the Director
  • Obtaining Director Identification Number (DIN)
  • Getting approval of other authorities
  • Submitting the needed documents to the Registrar of Companies (ROC)
  • Drafting of MoA, AoA & other required documents and Filing of the EMoa and EAOA to register a public limited company
  • Minimum Seven Directors are required for incorporation of a public limited company.
  • Applying for PAN & TAN of the company simultaneously along with company registration forms
  • Receiving the Certificate of Incorporation of a public limited company. After receiving the certificate of Incorporation the public limited company is set to start its function.
  • Opening of a Bank Account in the name of the company, required for the smooth functioning of the company.