Home / Public Limited Company Registration

Updated on 20 Sep 2021  9.00 AM IST | 4 min read

Public Limited Company Registration in India

A Public Limited Company offers limited liability to its management and the owners. For raising the capital, a public company authorized to sell its shares to the public. Minimum of three directors are needed to incorporate a public limited company. It has more strict regulatory requirements as compared to a Private Limited company

For the registration, a public limited company should have minimum 7 members and 3 directors and there is no restriction on the maximum number of members. It also requires minimum paid up capital of 5 lakh rupees. Most of the features of a public limited company are also similar to private limited company.

A public limited company enjoys all the benefits of a private limited company. It is more transparent, easy in shareholding transfer and has the ability to have any number of members. You can recognize a public limited company by its name, number of members, shares, management, formation, directors, meetings etc.

What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees

Advantages of Public Limited Company Registration in India

Borrowing Capacity

A Limited company has a good borrowing capacity. It can issue secured and unsecured debentures and can also accept deposits from the general public. Bank and financial institutions also prefer public limited companies over partnership firms or proprietary concerns for large financial assistance.

Property Owning

No shareholder can make any claim on the company property as the company is a going concern and will continue to exist.

Interruption free existence

Limited company is not affected by the departure or death of its members. Irrespective of the changes in membership, a company continues to exist.

Simple Transferability

Shares of a limited company can be easily transferred by a shareholder to any other person. You can easily transfer shares by filling and signing the share transfer form and handing over the same to the buyer along with the share certificate.

Distinct Legal Entity

A company is a legal entity distinct from its members. The members of the company has no liability towards the creditors for paying debts.

Documents Required for Public Limited Company Registration in India

PAN Card copies of directors

Passport size photographs of directors

Copy of Voter Identity card/Aadhar card y

Water/Electricity bill (business place)

Rent agreement copy (If property is rented)

NOC from the landlord

Copy of property papers (if property is owned by you)

Notarised copy of passport for the Foreign nationals

Scanned copy of signature of all the directors. (Signature should be same as on PAN card copy)

Proof of address of the shareholders and directors. For ex - Bank statement, Aadhar card, Driving License, and Passport. You can also use property tax receipt, sales deed and rent agreement for the address proof.

Minimum Requirements for Public Limited Company Registration in India

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

Process of Public Limited Company Registration

Obtaining the DIN and the DSC

Director Identification Number (DIN) and the Digital Signature Certificate (DSC) is a necessary requirement for the proposed directors of the Public Limited Company and it can be received by the proposed directors within a time period of 5 to 7 days.

Approval of Name

For the name approval, a minimum of one and maximum of six names needs to be submitted to ministry of corporate affairs (MCA). Name approval can be obtained within 5 to 7 working days subject to availability, naming guidelines and MCA processing time.

Incorporation of company

Application of Incorporation along with the documents needs to be submitted to the ministry of corporate affairs. It will be approved within a time period of 5 to 7 days subject to the processing time.

How Finacbooks help in Public Limited Company Registration?

Finacbooks is a leading Indian portal providing accounting, finance & taxation services to small businesses. We are having more than 10 years of experience in helping individuals providing Public Limited Company registration at a least possible price. We will guide you through the entire process of Public Limited Company registration. To avail the best deals on Public Limited Company registration, kindly call us at 8800221252 or you can also e-mail us at info@finacbooks.com

Public Limited Company Registration FAQ's

A minimum of seven shareholders and three directors are required to incorporate a public limited company.
The age of the director should be 18 years or more to become eligible for the position of director.
No, there is no need of your physical presence during incorporation of a public limited company.
No, there is no need to pay anything except incorporation fees.
A board meeting must be held every 3 months by a limited company. Annual general meeting is also required to be done at least once every year.
Yes, Foreign nationals or NRI’s can become directors in a public limited company but he should obtain DIN (Director Identification number) from ministry of corporate affairs. One director in a public limited company should be an Indian resident.
The minimum capital required to start a limited company is Rs.500000
Identity proof and the address proof of all the proposed directors are the most common documents needed while incorporating a public limited company. In addition to it, PAN Card copies of all directors, Passport size photographs of directors, Water/Electricity bill (business place), Rent agreement copy (If property is rented), No objection certificate from the landlord, Copy of property papers (if property is owned by you), Notarised copy of passport for NRI’S/foreign nationals, Scanned copy of signature of all the directors.
If your files are in order, it will not take much time but it also depends upon the submission of correct documents, processing time as well as time taken by govt. officials in approving the application.
As long as they are meeting the compliances, company will remain in existence. If they will not follow the statutory compliances, the company can become dormant as well as the name of the company can be struck off from the register for a certain time period. A struck off company can be revived within 20 years.
DIN is a unique number issued to the existing or the proposed directors of a company. This unique number has no expiry date and one director can only have one DIN.
- Yes, the Foreigners or NRI’s can hold shares of a limited company but they have to follow the guidelines of FDI (Foreign Direct Investment).
100% Foreign Direct Investment is permitted in India in most of the industries under automatic route. Under Automatic Route, You don’t require any approval from RBI or government of India. You will find some specific industries listed under govt. of India, where investment approval is needed from RBI.
MEET US

What Clients Say

Customer delight is our main goal and we are very serious about it.
Prakash Verma

Prakash Verma

“Finacbooks.com is a perfect example of a great customer service dealing with the best of accountancy services.“
Prakash Verma Signature
Praveen Chauhan

Praveen Chauhan

“They offered us good quality services in a least possible time at a best Price.“
Praveen Chauhan Signature
Pradeep Kochhar

Pradeep Kochhar

“Finacbooks.com is a trusted network of highly qualified accounting professionals who not only provided us quality accountancy services but also supported us by answering our each & every query on time without any delay. “
Pradeep Kochhar Signature
Informational, useful and resourceful

Blogs

Catch up our trending topics, news etc. in a simple, detailed and most professional way.
How to register your own company in India from USA?

How to register your own company in India from USA?

26 Aug, 2021

With the advent of globalisation, connectivity worldwide has become the sole propeller for international co-operation and belongingness.... Read More

E-Way bill generation process through E-way bill portal

E-Way bill generation process through E-way bill portal

20 Aug, 2021

The e-way bill system was introduced under the GST process, where a bill is required before transporting goods that have a net value of... Read More

Basic legal aspects of Start-ups in India- Every entrepreneur should know

Basic legal aspects of Start-ups in India- Every entrepreneur should know

12 Aug, 2021

STARTUPS have been an important driver of our country’s gross domestic product (GDP). It not only helps in economic growth but... Read More

Latest News & Updates

View More

Due Dates

  • GSTR-7 Summary of Tax Deducted at Source (TDS) and deposited under GST laws

     Sep 10th ,2021

  • GSTR-8 Summary of Tax Collected at Source (TCS) by e-commerce operators under GST laws

     Sep 10th ,2021

  • GSTR 1 for Aug 2021 (turnover more than INR. 1.50 Crore)

     Sep 11th ,2021

  • GSTR-6 Details of Input Tax Credit (ITC) received and distributed by an Input Service Distributor (ISD)

     Sep 13th ,2021

  • GSTR-3B is a summary return to be filed by all taxpayers except those registered under the composition scheme, every month. However, from 1st January 2021, there is also quarterly filing option provided to taxpayers with annual aggregate tunrover of up to Rs.5 crore, opting for the QRMP scheme for Aug Month. (Aggregate turnover exceeding Rs.5 crore in the previous financial year)
     

     Sep 20th ,2021

  • GSTR-3B is a summary return to be filed by all taxpayers except those registered under the composition scheme, every month. However, from 1st January 2021, there is also quarterly filing option provided to taxpayers with annual aggregate tunrover of up to Rs.5 crore, not opting for the QRMP scheme for Aug Month. (Aggregate turnover up to Rs.5 crore in the previous financial year)

     Sep 20th ,2021
View More