Public Limited Company Registration
A Public Limited Company is the most popular business structure in India for startups and growing businesses. It offers limited liability protection to its shareholders while allowing flexibility in management and operations.
Key characteristics of a Public Limited Company:
- Separate Legal Entity: Company is distinct from its owners
- Limited Liability: Shareholders' liability limited to their share capital
- Perpetual Succession: Company continues despite changes in ownership
- Minimum 2 Directors: At least one must be resident in India
- Minimum 2 Shareholders: Maximum can be up to 200
- Authorized Capital: No minimum requirement (recommended ₹1 lakh)
Benefits of Public Limited Company
Limited Liability
Shareholders are only liable for the amount unpaid on their shares, protecting personal assets from business liabilities.
Fundraising
Easier to raise capital through equity funding from investors, venture capital, or angel investors.
Credibility
Enhances business credibility with customers, suppliers, and financial institutions.
Transferability
Shares can be easily transferred to new owners without disrupting operations.
Tax Benefits
Eligible for various tax deductions and lower tax rates compared to proprietorships.
Perpetual Existence
Company continues to exist regardless of changes in ownership or management.
Requirements for Public Limited Company
Directors
Minimum 3 directors (maximum 15), at least one must be resident in India
Shareholders
Minimum 7 shareholders (maximum 200), can be same as directors
Capital
No minimum capital requirement (recommended ₹1 lakh)
Registered Office
Must have a registered office address in India (proof required)
Name Approval
Unique company name approved by MCA (we help with name search)
MOA & AOA
Memorandum and Articles of Association outlining company rules
Documents Required for Registration
Identity Proof
PAN Card (mandatory), Aadhaar Card, Passport (foreign nationals)
Address Proof
Latest bank statement, electricity bill, or mobile bill
Photographs
Passport size photos of all directors and shareholders
Office Proof
Rent agreement and NOC from owner if rented property
Foreign Documents
Passport and address proof apostilled (for foreign directors)
Other Documents
DSC (Digital Signature) for all directors, DIN application
Public Limited Company Registration Process
1. Name Reservation
We file RUN (Reserve Unique Name) application with MCA after checking name availability.
2. Obtain Digital Signatures
Class 3 Digital Signature Certificates (DSC) for all proposed directors and 7 members which may be Directors also.
3. Director Identification Number
Apply for DIN (Director Identification Number) for all directors.
4. Draft MOA & AOA
Prepare Memorandum and Articles of Association as per company objectives.
5. File SPICe+ Form
Submit incorporation application with ROC along with all documents.
6. Certificate of Incorporation
Receive incorporation certificate with CIN (Corporate Identity Number).
Typical Timeline
- Name Approval: 1-2 working days
- DSC & DIN: 1-2 working days
- SPICe+ Filing: 1-3 working days
- ROC Approval: 5-7 working days
- Total: 10-15 working days
Post-Incorporation Compliance
PAN & TAN Application
Applied automatically during incorporation process through SPICe+ form.
Bank Account Opening
Required to deposit share capital and conduct business transactions.
GST Registration
Mandatory if turnover exceeds ₹40 lakhs (₹20 lakhs for special category states).
First Board Meeting
Must be held within 30 days of incorporation to appoint auditors.
Annual Compliance
Includes financial statements, annual returns, and tax filings each year.
Transparent Pricing
| Service | Basic | Premium |
|---|---|---|
| Public Limited Company Registration | ₹11,999 | ₹19,999 |
| Includes: |
|
|
| Government Fees (additional) | ₹5,000 - ₹15,000 (based on authorized capital) | |
Frequently Asked Questions
Authorized capital is the maximum capital a company can issue, while paid-up capital is the actual amount invested by shareholders. There's no minimum requirement for either.
Yes, existing businesses can be converted to Public limited companies by transferring assets and liabilities to the new entity.
No, the entire process can be completed online. We'll guide you through document submission and verification remotely.
Key compliances include holding board meetings, maintaining statutory registers, filing annual returns, and conducting audits if applicable.
Yes, NRIs and foreign nationals can be directors, but at least one director must be resident in India (stays ≥182 days in a year).
Ready to register your Public limited company?