Public Limited Company Registration

A 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

Reasons for Registering a Limited Company

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.

Necessary Documents for Registration of Public Limited Company

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 the registration of Public limited company

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

Process of registration of a Public limited company

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.

Frequently Asked Questions

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.
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