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Public Limited Company Registration

Public Limited Company Registration

A private Limited Company is a privately maintained small business existance, which is one of the highly recommended means to start a business in india. The compenies Act 2013 governs private limited..

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The Public limited company in India is a voluntary association of members which has a separate legal existence and the liability of whose members is limited. A Public Limited Company can either be an unlisted Company or listed Company on the Stock Exchange. Public Limited company also enjoys wide options to raise funds through bank loans, the general public, and Institutional investors.

A public limited company has many advantages over Private Limited Company and the ability to have any number of members, ease in transfer of shareholding and more transparency makes it popular amongst foreign investors. If you are planning to raise funds from the public through Initial Public Offer (IPO) then Start your business by incorporating Public Limited Company.

A public limited company is usually established to generate capital from external sources, i.e. the general public for starting a business, business expansion, technological advancement, global expansion, etc.

But a PLC is suitable to the large organizations which have a comprehensive perspective and higher growth possibilities, rather than a small shop located next door.

Features that make a Public Limited Company Different from Private Limited Company:


  • Shares offered by a public Ltd. Co. are easily transferable to any other person, such that it merely requires filing and signing of share transfer form to transfer the shares.

  • A Public Ltd. Co. is the highest corporate structure to start with.

  • In Public Limited Company shareholders have a claim to part of the company’s assets and profits.

  • Public Limited Company can have any number of members.

  • Shares are easily transferable in Public Limited Company.

Explore GeTAX-StartUp Plans

BASIC PLAN – 29,999

7 Digital Signature Certificates


3 Director Identification Numbers


Name Approval


Stamp duty on INR 1 Lakh Authorized Capital


Company Incorporation using SPICe+


Copy of e-MOA & e-AOA


e-PAN


e-TAN

7 e-copies of Share Certificates


ESIC Registration through SPICe Plus


PF Registration through SPICe Plus


Bank Account opening (feature) through SPICe Plus


ESSENTIAL -12499

7 Digital Signature Certificates


3 Director Identification Numbers


Name Approval


Stamp duty on INR 1 Lakh Authorized Capital


Company Incorporation using SPICe+


Copy of e-MOA & e-AOA


e-PAN


e-TAN

7 e-copies of Share Certificates


ESIC Registration through SPICe Plus


PF Registration through SPICe Plus


Bank Account opening (feature) through SPICe Plus


MSME Registration


GST Registration


GST Return filing for 3 months

5 DIR 3 e-KYC of 5 Directors


INC 20A


FADVANCE PLAN – 19999

7 Digital Signature Certificates


3 Director Identification Numbers


Name Approval


Stamp duty on INR 1 Lakh Authorized Capital


Company Incorporation using SPICe+


Copy of e-MOA & e-AOA


e-PAN


e-TAN

7 e-copies of Share Certificates


ESIC Registration through SPICe Plus


PF Registration through SPICe Plus


Bank Account opening (feature) through SPICe Plus


MSME Registration


GST Registration


GST Return filing for 6 months

5 DIR 3 e-KYC of 5 Directors


INC 20A


Form ADT 1 (Auditor Appointment in AGM)


Free Book Keeping and Tax Consultancy


  • We also understand that every business need customized post incorporation services based on there requirements , applicable legal laws, and business nature .

  • So we came up with a customized Business plans.

  • Customized plan includes Monthly Book Keeping, GST Filing, TDS filing , payroll, Annual income tax filing , preparation of statement of profit and loss accountants, annual ROC compliances and any other services as required

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Benefits of Public Limited Company Registration

Here are the benefits provided to the company with Public Limited company registration

Limited liabilities for the shareholders of the company

Shareholders of the public company enjoy the benefits of limited liabilities under which their assets are safe and cannot be used to clear the debts and losses of the company. Despite of it, the shareholders are responsible for their own legal offenses. All the members, directors and shareholders enjoy this right and their assets cannot be seized by any bank, creditors or government bodies.

Perpetual Succession

A public limited company is considered as a corporate body that has perpetual succession. Means in case of death, retirement, insanity, and insolvency of one or more members/ shareholder/ directors, the company still continue its existence.

Improved capital of the company

In a public limited company, the general public is invited to buy the shares of the company. Hence, anyone can invest in a public company that improves the capital of the proposed company.

Borrowing Capacity

A public company can enjoy unlimited sources for borrowing funds. It can issue equity, debentures and can accept the deposits from the general public by selling its shares. Moreover, most of the financial institutions find public companies more prominent than other unregistered companies.

Fewer risks

Since public companies can sell their shares to the public, it lesser the scope of unsystematic risks of the market.

Better opportunities for growth and expansion of the company

Fewer risks lead to better opportunities so that the company can grow and expand by investing in new projects from the funds raised by selling its shares in the market.

Documents Required for Public Limited Company Registration


An applicant has to collect all these documents to file along with the incorporation application

  • Identity Proof such as Aadhar card, PAN card, Driving License, Voter Id of all the designated directors and shareholders.

  • Address Proof of all the proposed directors and shareholder of the company.

  • PAN card details of all the directors and shareholders

  • Utility bill such as telephone, gas, water or electricity bill of the registered office as a residential proof of the business place. It should not be older than 2 months.

  • An NOC or No Objection Certificate from the landlord of the business place.

  • DSC or Digital Signature Certificate of the designated directors

  • Memorandum of Association (MOA) and Article of Association (AOA)

What is the difference between the Public limited Company and Private Limited Company?


There are various points of differences between both these companies. Here are some chief differences between both:

Point of difference Public Limited Company Private Limited Company
Members Minimum: 7
Maximum: No Limit 		Minimum: 2
Maximum: 200
Directors Minimum: 3 Minimum: 2
Public invitations Yes No
Minimum Capital Income No No
Issuance of Prospectus Required Not Required
Name differences Must have “Limited” at the end of its name Must have PVT LTD at the end of its name
Mandatory Statutory Meeting Yes No
Managerial Remunerations There are no as such restrictions Cannot exceed the limit of 11/% of the net profit
Stock Exchange Is listed on stock exchange and stock trade is carried out publicly. Not listed on stock exchange neither carry out stock trade publicly.

Requirements for the Public Company Registration


According to the provisions of Companies Act, 2013 here are the requirements you need to fulfill to incorporate a Public company in India

  • The proposed company must have a minimum number of 7 shareholders

  • The proposed company must have a minimum number of 3 directors

  • No minimum capital required

  • At least one director should have a Digital Signature Certificate

  • Memorandum of Association and Article of Association.

  • After approval from Registrar of the Companies, the proposed public company has to apply for the “Certificate of Business Commencement.”

How to start a public limited company in India ?

It is easy to start a Public Limited Company, provided one follows a well laid out plan formulated by legal experts. Tax Robo's team of robust and professional lawyers have curated a step by step method to form a public company. In case the process sounds too cumbersome, Tax Robo is always there to assist you.

Step 1 : Meet Compulsory requirements

In order to open a Public Company, One must have 3 directors, 7 shareholders and a capital of Rs. 5 lacs ready before moving ahead. It is also required to have an office which will act as the registered office of the company. It needs to be registered with the Registrar of Companies (ROC) under whose jurisdiction the office location falls.

Step 2 : Get DSC & DIN for chosen directors

DSC (Digital Signature Certificate) is a person's credentials such as his name, the country he belongs to, Address, PIN code, E-mail ID stored in an electronic format. A DIN (Director's Identification Number) is an 8-digit unique identification number, which is allotted by the Central Government to each individual who wants to be a director of any company or who already is a director of any company. As per the rules laid by Ministry of Corporate Affairs and stated in the companies act, 2013, it is mandatory for directors of a company to have both DSC and DIN before applying to form a Public Limited Company.

Step 3 : Apply for Company Name

It is essential to have a company name and to get it registered before applying for incorporation. This application is filed in the RUN (Reserve Unique Name) form of the Ministry of Corporate Affairs. A preferred list of names should be provided, in case a chosen name is not available.

Step 4 : Prepare MoA & AoA

Memorandum of Association (MOA) is a document that contains all the fundamental data which are required for the company incorporation. It usually contains information such as name of the company, registered office address, aims and objective of the company, information about shareholders & share capital etc. Articles of Association (AOA) is a document containing all the rules and regulations that govern the company. It contains information about distribution of shares among members, voting rights, procedure to elect chairman, dissolution processes etc. Thankfully, one can now file these documents online, from the comforts of their home and office. For electronic AoA, the form is INC-32 & for electronic MoA, the form is INC-33.

Step 5 : Submit final document to ROC for registration & COI

Once all is done, The Registrar of Companies (ROC) examines your documents and if everything is okay, the registration is completed and you are issued a Certificate of Incorporation (COI) and Corporate Index Number (CIN) of your new Public Limited Company.

Step 6 : Apply for Certificate of Commencement of Business

As much as you'd like it, you cannot begin operations of your newly found PLC without a Certificate of Commencement of Business.

You must apply for this certificate within 180 days of receiving COI, declaring the subscription fee has been paid by all shareholders. [Red Alert : It is important to apply for Certificate of Commencement of Business immediately in the stipulated time frame, failing to do so will make the company liable to a penalty of fifty thousand rupees and every officer who is in default shall be liable to a penalty of one thousand rupees for each day during which such default continues but not exceeding an amount of one lakh rupees.]