Public Limted Company

Companies Act, 2013 defines public company as a company which is not a private company. Also, private company which is a subsidiary of public company shall be deemed to be a public company.

Get in touch with us

Requirements for Incorporation of Public Limited Company

A Public Limited Company is a separate business entity that offers its shares to be traded on the stock exchange for the general public. Unlike a Corporation, Private Limited Company or an LLC, a public limited company is subject to strict compliance with the government. Public Company Registration is done under the Companies Act, 2013. Also, a Public Limited Company must present its financial reports and accounts publicly to maintain transparency.

  • At least one director should hold Indian Citizenship.
  • Minimum 3 and Maximum 15 directors.
  • Minimum 7 shareholders and no maximum limit.

Advantages and Registration

Advantages of Public Limited Company

  • Easy Transferability of Shares
  • Trust in public company due to transparency creates more credibility to the company
  • Most suitable for heavy investments
  • Many sources to raise funds
  • Can outweigh other companies in availing large projects
  • There is no cap on maximum number of members

Process for Registration of Public Company

  • Apply for name availability through SPICE+ form
  • Filing Spice+ form on MCA website with all the documents as mentioned above
  • ROC registers the company and issue the incorporation certificate (COI) along with the CIN of the Company. But the business cannot be started immediately after receiving the COI.
  • The business has to apply for a certificate of commencement within 180 days of the COI stating that all the subscribers have paid the subscription money through Form INC-20A.

Documents Required for Registration of Public Limited Company

  • PAN card (Mandatory)
  • Aadhar Card
  • Passport
  • Driving License
  • Voter Identity card