Public Limited Company Registration
A public limited company represents one of the widely recognized business structures. Complete your registration for a public limited company with ease and embark on your entrepreneurial journey.
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Public Limited Company Registration – An Overview
The registration of a Public Limited Company is an online procedure that is required by the Companies Act of 2013. Applications must be submitted through the Ministry of Corporate Affairs (MCA) website.
A Public Limited Company is a legal structure regulated by the Companies Act, allowing for the unrestricted transfer of shares on stock exchanges. Its ownership is distributed among numerous shareholders, each of whom enjoys limited liability in relation to the company.
What is a Public Limited Company?
The Companies Act 2013 governs the formation and functioning of public limited companies. These entities are owned by shareholders who invest in the business by purchasing shares that are available for public trading on stock exchanges. Members of the general public can obtain shares in a public limited company either privately, via an Initial Public Offering (IPO), or through transactions on the stock market. In a public limited company, the liability of its stakeholders is limited.
Requirements for Registering a Public Limited Company in India
Public limited companies are recognized for their heightened level of prestige. There are specific mandatory criteria that must be met for their registration. The subsequent points outline the requirements for establishing a new Public Limited Company in India:
- A minimum of 7 shareholders are required.
- A minimum of 3 directors is a must.
- No minimum paid-up capital is needed.
- An authorised share capital of INR 1 lakh is required.
- Self-attested identity proofs and address proofs are required.
- A Digital Signature Certificate (DSC) of one of the directors is a must.
- DIN is a must for all Directors.
- An application must be filed for the selection of a coname.
- An application including the company’s primary objective is submitted.
- The object clause outlines the company’s primary goals.
- An application is filed with the ROC.
- Mandatory paperwork, including MOA, AOA, duly filled Form DIR-12, Form INC 7, and Form INC -22 are also submitted.
- Payment of registration fees as stipulated by the ROC.
- Post ROC’s approval, the company must apply for a business commencement certificate.
Features of a Public Limited Company in India
A public limited company is regarded as one of the most prominent types of business structures. The characteristics of a public limited company in India include:
- Directors – To establish a public limited company, it is necessary to have a minimum of three directors and a maximum of fifteen directors.
- Limited Liability – Shareholders enjoy limited liability, which confines their financial responsibility to the amount they have invested in the company, in contrast to sole proprietorships and partnerships. However, it is important to note that shareholders of a public limited company remain liable for any unlawful actions they may undertake.
- Share Capital – A public limited company is not required to maintain a minimum paid-up capital; however, it must possess a minimum authorized share capital of INR 1 lakh.
- Prospectus – It is obligatory to publish a prospectus that outlines the business details for public awareness.
-
Name – All such entities must include the term “limited” following their company name.
Documents Required for Public Limited Company Registration
- Digital Signature Certificate (DSC) – An electronic signature that guarantees the legitimacy of papers submitted online.
- Memorandum of Association (MoA) – Official document outlining the company’s goals and range of activities.
- Articles of Association (AoA) – A written statement of the procedures and policies guiding the company’s internal management.
- Declaration by Directors and Subscribers – A formal declaration signed by the subscribers and directors attests to the company’s adherence to incorporation regulations.
- No Objection Certificate (NOC) – NOC from the landlord if the registered office is a rented property.
- Identity Proof – Passports and PAN cards of international and Indian directors.
- Address Proof Utility bills or rental agreements as residential address proof.
- Director Identification Number (DIN) – DIN assigned by the Ministry of Corporate Affairs
- Shareholding Pattern of the Proposed Company – An overview of how the company’s stockholders have been allocated their shares.
- Proof of Registered Office Address – Records attesting to the place where the business is registered and runs its operations.
Procedure to Register a Public Limited Company in India
Step 1 : It is essential to fulfill all legal obligations, including the minimum paid-up share capital, the requisite number of shareholders, and the necessary number of directors.
Step 2: The subsequent step involves acquiring the Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the individuals designated as company directors. Only natural persons are permitted to serve as directors; no corporate entities, such as Limited Liability Partnerships (LLPs) or financial institutions, may assume this role in a public limited company. It is not a requirement for a director to possess shares in the company.
Step 3: The company is required to register its official address with the Registrar of Companies (ROC). The registration fees will be determined by the company’s authorized capital.
Step 4: Prior to registration, the ROC must approve the proposed name of the company. The term “Limited” must be included at the end of a Public Limited Company’s name. The application should be submitted to the Ministry of Corporate Affairs using the RUN form, and it is prudent to provide a list of alternative names in case the initially preferred name is unavailable.
Step 5 Upon approval of the company name, it is imperative to obtain the Memorandum of Association (MoA) and Articles of Association (AoA).
Step 6 The necessary documentation must be submitted to the ROC for verification.
Step 7 Once the documents are validated, the ROC will proceed with the registration of the company and issue the Certificate of Incorporation (COI) along with the Corporate Identification Number (CIN).
Public Limited Company Registration Process – Step by Step
Step 1- Form filing
Step 2- Document Submission
Step 3- Professional Fee Payment
Step 4- Company Registration
Legalixo Support in transitioning a sole
proprietorship to a Private Limited Company.
- Purchase a Plan for Expert Assistance
- Add Queries Regarding the conversion
- Provide Documents to Legalixo Expert
- Complete all other required Actions
- Get your work done!
Requirements for Registering a Public Limited Company in India
Public limited companies are recognized for their heightened level of prestige. There are specific mandatory criteria that must be met for their registration. The subsequent points outline the requirements for establishing a new Public Limited Company in India:
- A minimum of 7 shareholders are required.
- A minimum of 3 directors is a must.
- No minimum paid-up capital is needed.
- An authorised share capital of INR 1 lakh is required.
- Self-attested identity proofs and address proofs are required.
- A Digital Signature Certificate (DSC) of one of the directors is a must.
- DIN is a must for all Directors.
- An application must be filed for the selection of a coname.
- An application including the company’s primary objective is submitted.
- The object clause outlines the company’s primary goals.
- An application is filed with the ROC.
- Mandatory paperwork, including MOA, AOA, duly filled Form DIR-12, Form INC 7, and Form INC -22 are also submitted.
- Payment of registration fees as stipulated by the ROC.
- Post ROC’s approval, the company must apply for a business commencement certificate.
Features of a Public Limited Company in India
A public limited company is regarded as one of the most prominent types of business structures. The characteristics of a public limited company in India include:
- Directors – To establish a public limited company, it is necessary to have a minimum of three directors and a maximum of fifteen directors.
- Limited Liability – Shareholders enjoy limited liability, which confines their financial responsibility to the amount they have invested in the company, in contrast to sole proprietorships and partnerships. However, it is important to note that shareholders of a public limited company remain liable for any unlawful actions they may undertake.
- Share Capital – A public limited company is not required to maintain a minimum paid-up capital; however, it must possess a minimum authorized share capital of INR 1 lakh.
- Prospectus – It is obligatory to publish a prospectus that outlines the business details for public awareness.
-
Name – All such entities must include the term “limited” following their company name.
Documents Required for Public Limited Company Registration
- Digital Signature Certificate (DSC) – An electronic signature that guarantees the legitimacy of papers submitted online.
- Memorandum of Association (MoA) – Official document outlining the company’s goals and range of activities.
- Articles of Association (AoA) – A written statement of the procedures and policies guiding the company’s internal management.
- Declaration by Directors and Subscribers – A formal declaration signed by the subscribers and directors attests to the company’s adherence to incorporation regulations.
- No Objection Certificate (NOC) – NOC from the landlord if the registered office is a rented property.
- Identity Proof – Passports and PAN cards of international and Indian directors.
- Address Proof Utility bills or rental agreements as residential address proof.
- Director Identification Number (DIN) – DIN assigned by the Ministry of Corporate Affairs
- Shareholding Pattern of the Proposed Company – An overview of how the company’s stockholders have been allocated their shares.
- Proof of Registered Office Address – Records attesting to the place where the business is registered and runs its operations.
Procedure to Register a Public Limited Company in India
Step 1 : It is essential to fulfill all legal obligations, including the minimum paid-up share capital, the requisite number of shareholders, and the necessary number of directors.
Step 2: The subsequent step involves acquiring the Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the individuals designated as company directors. Only natural persons are permitted to serve as directors; no corporate entities, such as Limited Liability Partnerships (LLPs) or financial institutions, may assume this role in a public limited company. It is not a requirement for a director to possess shares in the company.
Step 3: The company is required to register its official address with the Registrar of Companies (ROC). The registration fees will be determined by the company’s authorized capital.
Step 4: Prior to registration, the ROC must approve the proposed name of the company. The term “Limited” must be included at the end of a Public Limited Company’s name. The application should be submitted to the Ministry of Corporate Affairs using the RUN form, and it is prudent to provide a list of alternative names in case the initially preferred name is unavailable.
Step 5 Upon approval of the company name, it is imperative to obtain the Memorandum of Association (MoA) and Articles of Association (AoA).
Step 6 The necessary documentation must be submitted to the ROC for verification.
Step 7 Once the documents are validated, the ROC will proceed with the registration of the company and issue the Certificate of Incorporation (COI) along with the Corporate Identification Number (CIN).
Public Limited Company Registration Process – Step by Step
Step 1- Form filing
Step 2- Document Submission
Step 3- Professional Fee Payment
Step 4- Company Registration
Legalixo Support in transitioning a sole
proprietorship to a Private Limited Company.
- Purchase a Plan for Expert Assistance
- Add Queries Regarding the conversion
- Provide Documents to Legalixo Expert
- Complete all other required Actions
- Get your work done!
Why Choose Legalixo for Your Public Limited Company
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