Public Limited Company Registration: A Gateway to Expanding Your Business Horizons!
A Public Limited Company (PLC) is an ideal business structure for entrepreneurs aiming for scalability, credibility, and access to public funding. Governed by the Companies Act, 2013, this structure enables a company to raise capital through public offerings, ensuring growth and diversification. Public Limited Companies are known for their transparency, separate legal identity, and limited liability, making them highly reliable in the eyes of investors and stakeholders.
The registration process involves obtaining a Digital Signature Certificate (DSC), a Director Identification Number (DIN), and applying for name approval. After drafting the necessary incorporation documents such as the Memorandum of Association (MOA) and Articles of Association (AOA), the application is filed with the Registrar of Companies (ROC). Upon approval, the company receives a Certificate of Incorporation, marking its official registration as a Public Limited Company.
Registering as a Public Limited Company provides numerous advantages, including limited liability, perpetual succession, and greater access to funding. At Sahyog Tax and Finance Advisory Limited, we simplify this complex process with expert guidance and end-to-end support, ensuring a seamless registration experience.
Benefits of Public Limited Company Registration
Benefit
Details
Limited Liability Protection
Protects shareholders' personal assets from the company’s debts and liabilities.
Perpetual Succession
The company’s existence continues unaffected by changes in ownership or management.
Access to Public Funding
The ability to raise capital by issuing shares to the public.
Transparency and Credibility
A well-structured governance model enhances trust among investors and stakeholders.
Listing on Stock Exchanges
Option to list the company on stock exchanges for broader capital access and market visibility.
Easy Transferability of Shares
Shareholders can transfer their shares without extensive formalities.
Increased Growth Opportunities
Enhanced capacity for expansion through additional investments and resources.
Requirements for Public Limited Company Registration
Minimum of 7 Shareholders: A minimum of seven shareholders is required to form a Public Limited Company.
Minimum of 3 Directors: At least three directors are required, with at least one being a resident of India.
No Minimum Paid-Up Capital: Although earlier a minimum paid-up capital was required, it has now been removed under the Companies Act, 2013.
Registered Office Address: A verified address to serve as the company’s official communication point.
DIN and DSC for Directors: Director Identification Numbers and Digital Signature Certificates for all directors.
Eligibility Criteria for Public Limited Company Registration
Criteria
Details
Indian Resident Director
At least one director must be a resident of India as per the Companies Act, 2013 guidelines.
Unique Name Approval
The company name must be unique and comply with naming guidelines issued by the Ministry of Corporate Affairs (MCA).
Compliance with ROC
Submit all required documents and declarations to the Registrar of Companies.
Steps for Public Limited Company Registration
Obtain DSC and DIN: Acquire a Digital Signature Certificate and Director Identification Number for all directors.
Name Reservation: File an application for reserving the company’s name via the RUN (Reserve Unique Name) service.
Draft MOA and AOA: Prepare the Memorandum of Association and Articles of Association, which define the company’s purpose and operational rules.
Filing with ROC: Submit Form SPICe+ (Simplified Proforma for Incorporating a Company Electronically) along with the necessary documents and fees.
Certificate of Incorporation: Once approved, receive the Certificate of Incorporation with the Company Identification Number (CIN).
Documents Required for Public Limited Company Registration
Document
Details
Identity Proof of Directors
PAN Card, Aadhaar, or Passport of all directors.
Address Proof of Directors
Voter ID, Driving License, or Utility Bill.
Business Address Proof
Rental agreement or ownership document, along with utility bill (not older than 2 months).
Photographs
Passport-size photographs of all directors.
MOA and AOA
Memorandum and Articles of Association drafted as per the company’s objectives.
Checklist for Public Limited Company Registration
Obtain Digital Signature Certificate (DSC).
Obtain Director Identification Number (DIN).
Reserve a unique company name with the MCA.
Draft and file MOA and AOA.
File SPICe+ Form with all required documents and declarations.
Pay the applicable registration fees.
Receive the Certificate of Incorporation.
Compliance Requirements for Public Limited Companies
Compliance
Details
Annual General Meeting (AGM)
Mandatory to hold within six months of the end of the financial year.
Filing of Financial Statements
Submit Form AOC-4 to the ROC for financial disclosures.
Annual Return Filing
File Form MGT-7 with the ROC to report shareholder and financial details.
Income Tax and GST Compliance
Ensure timely filing of income tax returns and GST returns.
Statutory Audit
Conduct an annual audit by a qualified Chartered Accountant.
Why Choose Sahyog for Public Limited Company Registration?
Expert Consultation: Leverage years of experience for precise and efficient registration.
End-to-End Support: We handle the entire process, from document preparation to final approval.
Transparent Pricing: Affordable and clear pricing with no hidden charges.
Dedicated Assistance: Our support team ensures seamless communication and timely updates.
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