Public Limited Company 2018-01-25T05:21:17+00:00

Public Limited Company Register

Ideal for entrepreneur who have largest started a venture

Starting At Rs. 39,999 Onwards

SAVE 50% COST…!!!

(Takes 10-15 days)

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What is Public Limited Company Registration ?

A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors this is benificial in raising capital. A minimum of three Directors are required for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company.

Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc…

Who can start a Public Company in India?

This is one of the most important question that is asked by every person who is willing to start a company in India.Through there is no restriction on anybody to form a company in India, but still, we would like to discuss some special cases:

  • Students : Students over and above the age of 18 can form any type of company in India.
  • Employees : Employees are generally not allowed by their employers to form a company and be a director. They may hold shares but cannot take position as director. If you want to open a company, then check your employment agreement and you may also seek permission from the respective employer.
  • Person with criminal background : Though they are not barred to form a company, however, they need to give various declarations to the ROC.

Documents required for Public Company Registration

For Directors/Shareholders

  • Copy of PAN Card
  • Aadhar Card
  • Address Proof (Bank Statement, Mobile bill, Telephone bill)
  • Passport Size Photo

For Registered Office

  • Ownership Proof (Electricity Bill etc)
  • Utility Bill (Gas Bill, Electricity Bill)
  • NOC (Download format)

Procedure For OPC Registration

Frequently Asked Questions

The difference between listed company and public company is very simple. A public company when go to public to raise capital, it had to get registered with stock exchange and once it is registered, then it is also known as listed company.
Any company who wants to raise funds through general public, first have to get themselves listed on any recognized stock exchange. Any company which is being recognized or listed on any stock exchange, is known as listed Company. Like Infosys, Tata, ICICI Bank etc.
Public limited companies is the only class of company which is allowed to raise funds from the general public. The process of listing a company and raising the funds from public by making offer is known as Initial Public Offer (IPO). IPO is the process through which shares are offered by the companies to raise funds.

With indus.in, it takes around 10 to 15 days to register the Company. Further, in case you need a quick registration, you need to provide us the documents on time or as early as possible.

There are various statutory compliances prescribed for Public Limited Company in India. Here are glimpse of some of the compliances:

  • Have to conduct atleast 4 board meeting during the year.
  • Have to file AGM every year and do the respective filing like MGT 7, AOC 4 etc.
  • Have to go through an yearly mandatory audit to be done by a Practicing Chartered Accountant.
  • Need to keep record of register of Members, Minutes book etc.
Yes, NRI and foreign National can incorporate a public limited company in India without even coming to India. As per the law, all the documents needs to be notarized or apostle from the public notary or Indian embassy of the foreign Country.

Further, NRI and foreign national can also become director in the company.

Public limited companies are the highest considered form of business available in our country. It can do anything that is allowed to do in India. From raising funds from angel investors to having an initial Public Offer (IPO), it can offer many innovative measures to raise funds.

It can be listed on any stock exchange.
It is considered for some serious business, helps you to gather resources.
Considered more trust worthy than any other form of business

Practically, public limited company is formed only when someone is planning big like setting up manufacturing plant, opening IT infrastructure etc. Generally, people prefer private Limited Company and public limited company is least preferred. However, if you are serious and planning big, the public limited company is chosen.

Some of the example of Public Limited company are Reliance Communications Limited, TATA Steel Limited etc.

Public limited Company incorporation is done from a totally new procedure, which is done through SPICE e form. The incorporation procedure is as under:

  • First we apply for Digital Signatures
  • Then we apply for Director Identification Number (DIN)
  • Then we apply for Name approval as per your choice
  • After that in the end, we apply for incorporation through SPICE e form.

Further, as per amended provisions, PAN and TAN are automatically allotted on company incorporation.

There is no minimum capital requirement for public limited company incorporation in India. Earlier, it was 5 lakh, however to provide ease of doing business in India, the requirement of minimum capital for Public company is withdrawn.