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Public Limited Company Registration in India
A Public Limited Company (PLC) is an ideal business structure for entrepreneurs planning large-scale operations. Unlike private companies, PLCs can raise funds from the general public by issuing shares through stock exchanges, making them an attractive option for expanding businesses.
Public Limited Companies enjoy the benefits of limited liability, perpetual succession, and enhanced credibility. However, they are also subject to stricter regulatory and compliance requirements under the Companies Act, 2013.
At IndiaFills.com, we offer end-to-end assistance to make your public limited company registration fast, compliant, and hassle-free.
What is a Public Limited Company?
A Public Limited Company (PLC) is a corporate entity where ownership is distributed through publicly traded shares. These shares are listed on recognized stock exchanges, allowing a wide range of investors to participate in the company’s ownership.
A PLC is governed primarily by the Companies Act, 2013, and must maintain transparency through regular disclosures and adherence to statutory requirements. The minimum number of shareholders required is seven, and there is no upper limit.
Ownership lies with shareholders, who elect a Board of Directors to manage company affairs. Each shareholder has voting rights and a say in major business decisions.
Key Characteristics of a Public Limited Company
- Board of Directors: Minimum of 3 directors required, with no upper limit.
- Company Name: Must end with “Limited”, signifying its public nature.
- Prospectus: Issuance of a prospectus is mandatory to disclose financial and operational details to the public.
- Paid-Up Capital: There is no mandatory minimum paid-up capital, offering flexibility for capital structuring.
Types of Public Limited Companies
- Listed Public Limited Company
Shares are listed on stock exchanges and traded publicly, offering access to capital and increased visibility.
- Unlisted Public Limited Company
Shares are not listed on stock exchanges. Suitable for businesses seeking investment from a broad base of shareholders without the complexities of public trading.
Eligibility & Requirements for Registration
To register a Public Limited Company in India, the following must be ensured:
- Minimum 7 shareholders (no maximum limit).
- Minimum 3 directors, each with a valid Director Identification Number (DIN).
- Authorised capital of at least ₹1 lakh.
- Digital Signature Certificate (DSC) for all proposed directors.
- Proposed company name must be unique and compliant with MCA guidelines.
- Mandatory submission of the Memorandum of Association (MOA) and Articles of Association (AOA).
Documents Required for Public Limited Company Registration
- Identity Proof (Aadhar, PAN, Voter ID) – for all shareholders and directors
- Address Proof – recent utility bill, passport, or bank statement
- PAN Card – of all directors and shareholders
- Office Address Proof – utility bill (not older than 2 months)
- NOC from Landlord – if the registered office is a rented premises
- DSC (Digital Signature Certificate) – for all directors
- Foundational Documents – MOA and AOA
Step-by-Step Public Limited Company Registration Process
Step 1: Obtain DSC
Digital Signature Certificates are required to file registration forms online.
Step 2: Apply for DIN
Each director must have a Director Identification Number, which can be applied for via the SPICe+ form.
Step 3: Check Name Availability
Verify the availability of your preferred company name through the MCA portal.
Step 4: File SPICe+ Form
Submit the SPICe+ form along with the MOA and AOA to incorporate the company.
Step 5: Obtain Certificate of Incorporation
The Registrar of Companies (ROC) will review your application and issue the Certificate of Incorporation (COI), which includes the company’s CIN.
Step 6: Apply for PAN and TAN
Post incorporation, apply for PAN and TAN for tax compliance.
Step 7: Open Company Bank Account
Use the COI, MOA, AOA, and PAN to open a bank account in the company’s name.
Additional Compliance (if applicable)
Depending on your industry, you may also need:
- GST Registration
- Import Export Code (IEC)
- Sector-specific licenses
Our team at IndiaFills.com ensures full compliance with industry-specific requirements.
Benefits of Public Limited Company Registration
✅ Access to Capital – Raise funds by issuing shares to the public
✅ Financial Flexibility – Diverse financing options for business expansion
✅ Limited Liability – Shareholders are protected from company liabilities
✅ Improved Credibility – Public registration enhances trust and reputation
✅ Liquidity of Shares – Easy buying/selling of shares in stock exchanges
✅ Unlimited Shareholders – No cap on the number of investors
✅ Enhanced Growth – Greater investment potential fuels rapid expansion
Start Your Public Limited Company with IndiaFills.com
Setting up a Public Limited Company can be complex, but with IndiaFills.com, it’s simple, efficient, and fully compliant.
We offer:
- Expert assistance from DSC to COI
- Guidance on name approval and legal documents
- End-to-end compliance support including PAN, TAN, and GST
- Fast-track incorporation with complete documentation
📞 Ready to take your business public?
Start your Public Limited Company registration today with IndiaFills.com and experience professional support every step of the way.
