Public Limited Company Registration

A limited company provides limited liability to its management and the owners. A public company authorized a firm to sell its share to the public and for raising the capital, this is very good. Minimum of three directors are needed to incorporate a public limited company and compared too a private limited company, its regulatory needs are very stringent.

The public limited companies are those kinds of companies, where there is a minimum of seven members and there is no any restriction regarding the maximum quantity of members. Most of the features of a private limited company are also found in a public limited company.

A public limited company gets all the benefits which are similar to a private limited company and it also has the potential to have more transparency, ease in shareholding transfer and have any number of members. The marks of identification of a public limited company are number of shares, members, management, formation, meetings, directors and name etc.

What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees

Reasons for Registering a Limited Company

Capacity of borrowing

Limited company enjoys good approaches for funds borrowing. It can issue unsecured and secured debentures and can get deposits from the general public.

Property Owning

The shareholders of the company can not make any type of claim on the company property as the company is a going concern for the time being.

Interruption free existence

Limited company is not affected by the departure or death of its members. Regardless of the changes in membership, a company is continued its existence.

Simple Transferability

A shareholder can transfer the shares of a company limited by shares to a different person. Signing and filing the form of share transfer and managing the share buyer’s share certificate will transfer the shares easily.

Distinct Legal Entity

A company is a juristic and a legal person established under an act. Therefore, any organization in the form of a company incur the debts, own the property and has wide legal capacity.

What is meant by registration of the public limited company?

Those companies are considered as public limited companies who issues fixed deposits and whose shares are selling in the share market. For the registration, a public limited company has minimum 7 shareholders, 3 directors and a maximum of the 50 directors. It also requires paid up capital of 5 lakhs rupees.

A public limited company gets all the benefits of a private limited company and it also has the ability to have no restrictions on the total number of members, more transparency and simple shareholding transfer.

You can select a public limited company, because to give a loan, high preference is given to a public limited company. In a stock exchange, a public limited company can list its shares by following the compliances. Shares are transferred easily by the shareholders. In a public limited company, the liability of the partners is limited.

Necessary Documents for Registration of Public Limited Company

PAN Card copies of directors

Directors passport size photographs

Voter Identity card/Aadhar card copy

Water/Electricity bill (business place)

Rent agreement copy (If property is rented)

No objection certificate from the landlord

Property papers copy (if property is owned by you)

Notarised copy of passport for the Foreign nationals

Proof of address of shareholders and the directors like statement of bank, Aadhar card, Driving License, and Passport.

Registered office proof in India like property tax receipt, sale deed, rent agreement.

Hard copy of the documents of the signed digital signature application

Minimum requirements for the registration of Public limited company

  • Minimum share capital of 5 lakhs rupees
  • DIN is required for all the directors
  • Minimum number of shareholders are 7
  • Minimum number of directors are 3

Process of registration of Public limited company

Getting the DIN and the DSC

Director Identification Number(DIN) and the Digital Signature Certificate (DSC) are needed for the Public Limited Company proposed directors. With in 5 to 7 days, DSC and the DIN can be received for the proposed directors.

Approval of Name

The maximum of six and a minimum of one proposed names need to be submitted to the ministry of corporate affairs (MCA). It is subject to processing time of MCA, guidelines for names, and depend upon the availability. Within 5 to 7 working days, name is approved.

Incorporation of company

Documents for incorporation need to be submitted to the ministry of corporate affairs along with the incorporation application. Incorporation application is approved by the ministry of corporate affairs within five to seven days and it is also depends upon time taken by them for the processing.

Frequently Asked Questions

A minimum of seven shareholders and three directors are required for incorporation of the public limited company.
The age of the director should be 18 years or more. Any person can be a member of a public limited company such as NRIs or Foreigners.
No, you don’t require to be present to incorporate a public limited company.
No, there is no need to pay any other fee apart from the incorporation fee.
Every three months, a board meeting must be held by a limited company. At least each year, an annual general meeting is also required to conduct.
Yes, a Foreign national or an NRI can become a director in a public limited company after receiving the DIN (Director Identification Number). In the Board of Directors, at least one director should be the Indian resident.
You can begin a limited company with any amount. But for the issuance of the shares, a minimum fee of rupees five lakhs need to be paid to the director during the company incorporation. During the process of incorporation, there is no any need to display the proof of invested capital.
For starting a limited company, the address of the registered office of the company is necessary. The registered address can be a residential/industrial/commercial premises, where all the communications from the MCA will be reached properly.
Proof of address and identity is essential for all the company proposed directors. For the Indian national, PAN card is essential. Apart from that, a no objection certificate from the landlord of the premises of the registered office is required. Identity proof and address proof of the landlord is also needed.
The total time to incorporate a company will also depend up on speed of Government approval and submission of the necessary documents by the client. For the faster incorporation of the company, you require to make sure that you selected a distinct name for your company and you have all the necessary documents to begin the process of incorporation of the company.
After the company is incorporated, it will be in-existence and active as long as the yearly compliances are meet regularly. If the yearly compliances are not complied properly, the company can be a dormant company and its name can be struck from the register of the companies for a certain time period. Up to a period of twenty years, a struck-off company can be revived.
The Director Identification Number is a distinct number of identification which is assigned to all the proposed and existing directors of a company. It is essential for all the proposed or present directors to have a DIN (Directors Identification Number). This number is expired never and an individual can have only one DIN.
A company can issue its shareholders a certain number of shares. This is known as authorized capital. To issue the shares in a company, the companies need to pay an authorized capital fee to the Government. A minimum of 5 lakhs rupees is paid by the company as the authorized capital.
Yes, the Foreigners or the NRIs can hold shares of a limited company. This is subject to the guidelines of the FDI (Foreign Direct Investment).
Cent percent foreign direct investment is permitted in India in most of the Industries which are come under the Automatic Route. Under this route, the post investment filing is essential with the Reserve Bank of India. It also indicates the nature of the investment. There are some industries which need the prior consent of the RBI. In these cases, prior to investment, the RBI approval need to be obtained.

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