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Public Limited Company Registration

Public Limited Company Registration

Elevate Your Business with Public Limited Company Registration!

Entrepreneurs who are planning for large-scale business operations can start a Public Limited Company registration in India. Unlike private companies, PLCs can raise funds from the general public by offering shares on stock exchanges. This allows them to access a wider pool of capital for growth.

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  • Quick and hassle-free process

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    Starter Plan

    Financa dummy text of the printing and typesetting industry.

    $39.00Per Month
    • Finance Consulting
    • Business Economiext printing
    • industr um has been
    • Investment typesetting
    Buy This Plan
    figure

    Starter Plan

    Financa dummy text of the printing and typesetting industry.

    $39.00Per Month
    • Finance Consulting
    • Business Economiext printing
    • industr um has been
    • Investment typesetting
    Buy This Plan

    Table of Content

    • Public Limited Company Registration - Overview
    • What is a Public Limited Company in India?
    • Types of Public Limited Companies
    • Requirements for Registration of a Public Limited Company
    • Advantages of Public Limited Company
    • Documents Required for Public Limited Company Registration

    Public Limited Company Registration - Overview

    Entrepreneurs who are planning for large-scale business operations can start a Public Limited Company registration in India. Unlike private companies, PLCs can raise funds from the general public by offering shares on stock exchanges. This allows them to access a wider pool of capital for growth.
    BookMyCompliance can help you start your public limited company in India with ease and efficiency. Our comprehensive services cover everything from company registration to compliance management, ensuring a smooth and hassle-free setup process for your business.

    What is a Public Limited Company in India?

    A public limited company is defined by its unique function, which is a form of corporate entity that permits the general public to hold ownership stakes through publicly traded shares. Upon listing on Stock Exchanges, these shares are commonly exchanged in stock markets, enabling a diverse group of brokers, investors, and traders to buy and sell equity. This structure allows individuals from various backgrounds to invest and hold shares in the company.
    The minimum shareholders/ members required to form a Public Company is 7, and there is no limit on the maximum number of members for starting a Public Limited Company.

    Types of Public Limited Companies

    Public limited companies are broadly categorised into two distinct types:
    Listed Company
    The Listed Public Companies are those that have listed their Securities through IPO (Initial Public Offering) or FPO (Follow on Public Offering). For Initial Listing, the Company shall go for launching an IPO*. The Public limited company’s shareholders can actively trade their shares on one or more stock exchanges. This accessibility allows the public and various financial entities to buy and sell the company’s shares, providing greater liquidity and exposure to a diverse pool of investors.

    Unlisted Company

    Unlike their listed counterparts, the shareholders of an unlisted public limited company cannot trade their shares on any stock exchange. As a result, its shares are not easily transferable, and the company does not experience the same level of public scrutiny or regulatory requirements as a listed company.

    Requirements for Registration of a Public Limited Company

    Here are the key requirements for forming a public limited company in India:
    Minimum Shareholders/Members in a Public Company: Minimum – 7 members & Maximum – no upper limit on the number of members.
    Board of Directors: Minimum of 3 and Maximum of 15 Directors can comprise the Board of Directors. The Directors must possess a valid Director Identification Number (DIN).
    Authorised Share Capital: The Companies Act 2013 does not impose a minimum capital requirement for public companies.

    Documents Required for Public Limited Company Registration

    To successfully register a Public Limited Company in India, you will need to gather and submit the following documents:
    • Identity Proof for Shareholders and Directors: Acceptable forms of identification include Aadhar cards, PAN cards, or voter IDs for all shareholders and directors.
    • Address Proof for Shareholders and Directors: Documents proving residence are required for all members involved like updated bank statements with address.
    • PAN Card Details: These are needed for all directors, shareholders, and members of the company.
    • Company Office Address Proof: This can be a recent utility bill (not older than two months) that confirms the location of your company's office or business premises.
    • Landlord's Consent Letter: A letter from the landlord of your business premises giving permission for your company to operate from that location.
    • Digital Signature Certificates (DSC): These are Required for all designated directors to authenticate documents digitally.
    BookmyCompliance.com offers a cost-effective service to facilitate the Private Limited Company Registration process, managing legal formalities and ensuring adherence to MCA regulations. Upon successful registration, you receive a Certificate of Incorporation, along with PAN and TAN documents, enabling you to smoothly initiate business operations after setting up a current bank account

    FAQs on Public Limited Company Registration

    A Public Limited Company is a type of company whose shares are available for purchase by the public and are listed on a stock exchange. It is subject to more regulation and legal requirements than a private company.

    The key difference is that a PLC can offer shares to the public through the stock market, whereas a private limited company cannot. PLCs also have stricter regulatory requirements, such as publishing financial statements and holding annual general meetings (AGMs).

    Some basic requirements include:
    • Minimum number of shareholders (usually two).
    • A certain level of share capital (varies by country).
    • Registration with the relevant government authority (such as the Securities and Exchange Commission).
    • Appointing directors and fulfilling other governance requirements.

    Shares in a PLC can be purchased through the stock exchange, usually through a broker or trading platform. You can also buy shares via Initial Public Offerings (IPOs) when the company is first listed.

    Shareholders own the company in proportion to the number of shares they hold. They vote on significant matters during AGMs, such as electing directors or approving major company decisions.

    • Ability to raise capital from the public.
    • Limited liability for shareholders.
    • Enhanced public profile and reputation.
    • Greater opportunities for expansion and growth.
    • Share transferability.

    Yes, a PLC can be taken private if enough shares are bought back or purchased by a small group of investors. This process is known as "going private."
    A PLC must have a board of directors, hold regular AGMs, and comply with financial reporting and auditing regulations. Additionally, it must disclose information about its operations, financial status, and major transactions.

    A Public Limited Company is a type of company whose shares are available for purchase by the public and are listed on a stock exchange. It is subject to more regulation and legal requirements than a private company.

    The key difference is that a PLC can offer shares to the public through the stock market, whereas a private limited company cannot. PLCs also have stricter regulatory requirements, such as publishing financial statements and holding annual general meetings (AGMs).

    Some basic requirements include:
    • Minimum number of shareholders (usually two).
    • A certain level of share capital (varies by country).
    • Registration with the relevant government authority (such as the Securities and Exchange Commission).
    • Appointing directors and fulfilling other governance requirements.

    • High costs and complexity in regulation and compliance.
    • Vulnerability to market fluctuations, which can affect the share price.
    • Loss of control due to the wide distribution of shares.
    • Potential for hostile takeovers if too many shares are bought by outsiders.

    PLCs are usually subject to corporate tax on their profits. In some cases, they may be eligible for certain tax benefits depending on their country of operation.

    "Shares" refer to individual units of ownership in a company, while "stock" generally refers to the total shares available in the company. Both terms are often used interchangeably, but "stock" can sometimes refer to a collection of shares.

    An IPO is the process by which a private company offers its shares to the public for the first time, allowing it to become a PLC. This is typically done to raise capital for expansion or to pay off debt.

    Related Business Registrations

    In addition to registration or incorporation, a business may require other registrations depending on the business activity undertaken. Talk to an Advisor to find out registrations your business may require post registration.

    Private Limited Company Registration

    Public Limited Company Registration

    One Person Company Registration

    GST
    Registration

    Producer Company Registration

    Income
    Tax Audit

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