Public Limited Company Registration in 10 working days

Required Details & Deliverables

Share holders/Directors Details

  • Pan card
  • Aadhar card
  • Passport or Voter ID or Valid Driving License
  • Recent Bank statements (not older than 1 month)
  • Mobile number & email id
  • passport size photo

Company Details

  • Electricity bill or Telephone bill or gas bill of your office address (not older than 1 month)
  • Property owner - Name & Address (to draft rental agreement)
  • Two Proposed company names (To apply for name reservation)

Deliverables

  • Digital signature for 2 directors
  • MoA & AoA preparation
  • PAN & TAN for the company
  • DIN for 2 directors
  • Incorporation certificate
  • Name reservation fees
  • Current Account Opening Support
company registration consultants near me

I agree to receive Whatsapp updates

I agree to receive Newsletter

Here's How it Works

1. Fill Form

Simply fill the form and click Get Start Now.

2. Call to discuss

Our Experts will connect with you to proceed further.

3. Work done

We will help you to get the entire process done.

Public Limited Company Registration

What is a Public Limited Company Registration? 

The Companies Act 1956, has provided a structural framework for all the companies in India. As per the rules and regulations every company has to be registered and classified based on its structure.

One such major classification of companies is Public Limited Companies. According to the Companies Act 2013, a Public Limited Company is a company that has limited liability and offers shares to the general public. The stocks of the company can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market. 

Features of Public Limited Company Registration 

Number of Directors: As per the Companies Act 2013, a public limited company registration requires a minimum of 3 directors and the maximum limit is 15 directors.

Shares & Investment:  A public limited company requires at least 7 shareholders and a minimum capital investment of ₹5 lakhs.

Liability:  In a public limited company, the business is managed by the directors and owned by the shareholders. So, a public limited company has to be more open about its business to the public as it's liable to shareholders who can be any of the public. Shareholders have limited liability to the extent of their investment.

Company's Name:  The company has to add the word "Limited" as a suffix after the company's name.

Prospectus by the Company: The company must issue a prospectus for the public to read. The primary aim is to raise the company's capital however prospectus should display the company's work & regular affairs.

Benefits Of Public Limited Company Registration

  • A registered public limited company can easily gain more capital because the shares can be extended to the public.  
  • More investment converts to expand the business 
  • A public limited company can raise funding through various ways like equity shareholders, individual investors as well as financial institutions. 
  • It has more visibility that opens new business opportunities as traders and businessmen notice the company in the stock market. 
  • The shareholders can easily sell and buy a public limited company's shares which calls for a very big advantage. 
  • Incorporating a public limited company reduces the risk of liabilities of the shareholders or members of the company.  
  • A public limited company structure invokes more trust as it is more transparent than other company structures. 

Companies Act, 2013 has mandated the registration of public limited companies in India with the Registrar of Companies (ROC). This makes it possible for people to check or access the details of any registered public limited on the MCA (Ministry of Corporate affairs) website http://www.mca.gov.in/. Even the details of directors and annual reports of the company are shown on the website. This creates transparency for people investing in companies or even dealing with companies. 

Documents Required for Public Limited Company Registration

  • Identity proof of the directors and shareholders 

  • Valid address proof of the directors and shareholders 

  • Utility bills such as water, telephone, gas, or electricity bill of the registered office 

  • A NOC (No Objection Certificate) by the landlord if the office is rented space 

  • Director Identification Number (DIN) of the directors 

  • Digital Signature Certificate (DSC) of the directors 

  • Memorandum of Association (MOA) 

  • Articles of Association (AOA) 

Process for a Public Limited Company Registration

Once the legal requirements of the company such as the number of directors, shareholders, and minimum capital investment are fulfilled you can initiate the public limited company registration process. 

The procedure for registration of public limited company in India is given below: 

Step 1: Applying for DSC  

The three directors who are going to be involved in the registration process need to produce a Digital Signature Certificate (DSC) for signing the application forms digitally. So, the first step for them is to obtain a DSC through a certified authority. This involves submitting an application form, attaching ID proofs, and video verification.  

Anyone involved in submitting forms for the company needs to have a DSC. However, it is not essential for all of them to obtain it before company registration.  

Instead of doing each step by yourself, you can get the entire public limited company registration procedure done easily with the help of the eAuditor Office.  

Step 2: Applying for DIN  

The directors of the company need to obtain a Director Identification Number (DIN) from the MCA portal. It is mandatory for every director of the company to have one.  

However, the 3 directors responsible for the registration can get a DIN through the application process itself. 

Step 3: Reserving the company's name  

Before applying for incorporation, you need to reserve a name for your company. You need to ensure that the proposed name shouldn’t violate the Emblems and Names Act, 1950 or be similar/identical to the name of any existing company or trademark.   

A maximum of six  proposed names can be submitted through the SPICEe+ form or RUN form in order of preference. The company's name should have the suffix "Limited" after its name. 

Step 4: Registration through SPICe+ form  

Once the company's name has got approval from RoC, the application for registration can be filled up in the SPICe+ form. This form requires submission of all documents such as Memorandum of Association (MOA) & Articles of association (AOA). 

Step 5: Certificate of Incorporation  

After the verification of all documents,  the RoC registers the company and gives a Certificate of Incorporation to the company which can be considered as a green flag. There is one more step after this. 

Step 6: Certificate of commencement 

Finally, the company should apply for a certificate of commencement in Form INC-20A within 180 days of receiving the Certificate of Incorporation. Apart from that you also need PAN (Permanent Account Number) and TAN (Tax Deduction Account Number) in the name of the company. This will be applied as a part of the process itself. 

Once you have the certificate of incorporation, certificate of commencement, PAN and TAN, you are all set to commence your business operations. 

Timeline For Public Limited Company Registration Process

The process for public limited company registration can be completed between 10-15 days including all documentation. Provided all the applications and documents are submitted promptly without any errors and the government approval happens on time.

Public Limited Company Registration Fees 

The registration fee varies based on the capital and members involved. You can get an estimate of the fee by checking this table of fees available in the Company Rules, 2014.

Compliance For Public Limited Company Registration 

A public limited company is accountable to the public, shareholders, investors, etc. Therefore, a list of annual compliances has to be carried out with the Registrar of Companies and the Ministry of Corporate Affairs.

The following are the common compliance requirements for a public limited company: 

  • Board of Directors meeting should be conducted within 30 days from the date of its incorporation. 
  • Financial statements such as the balance sheet, director’s report, auditor’s report, etc must be submitted within thirty days of holding the Annual General Meeting. 
  • Annual returns must be filed every year. 
  • Income tax and GST returns have to be filed periodically. 
  • Secretarial Audit Report has to be submitted when the total paid-up capital is equal to or crosses ₹50 crores or Its annual turnover is equal to or exceeds ₹250 crores. 
  • The Financial and Director’s Report must be submitted within 30 days from the Annual General Meeting 
  • SEBI related compliances 

These are the basic compliances for a listed company. There are another set of compliances if the company is unlisted or if there are certain contingencies. 

Choosing eAuditor Office for Startup India Registration:

Registering a company in India becomes chaos especially when there are several steps involved. If you want the application to go smoothly, and all the documents done and submitted on time without you running for everything, eAuditor's Office is what you need.

FAQs

The company’s investors, members, and shareholders are considered as the owners of a public limited company.

Yes, as per the laws the company should adhere to the compliance rules, regulations, and conduct them annually. Failure to fulfill the compliances will lead to penalties on both the company and the key officials.

A public limited company is being listed on the stock exchange and the stocks are being traded publicly. While a private limited company is neither listed on the stock exchange nor are they traded.

The primary features of a public limited company are limited liability, separate legal entity, transferability of shares, and perpetual succession.

One can transform a private limited company into a public limited company by filing E-form INC 27 with the Registrar. This involves submitting various documents and following a formal procedure for change.

Anyone (natural person) above the age of 18 can be a director of a public limited company provided they are solvent and competent to enter into a contract. There is no restriction as to citizenship either.

company registration consultants near me

I agree to receive Whatsapp updates

I agree to receive Newsletter