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Know More About PUBLIC LIMITED COMPANY
Introduction and Its Compliance
A Public Limited Company is a type of company that offers its shares to the general public and can be listed on a stock exchange. It is governed by the Companies Act, 2013 and regulated by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) in case of listed companies.
Public companies are subject to strict compliance norms, including mandatory disclosures, regular filing of annual returns, financial statements, board meetings and shareholder meetings.
Due to its open structure, public companies must maintain high transparency and corporate governance standards.
Why It Is Needed
Registering a Public Limited Company is essential for businesses that require significant capital to grow and expand.
It allows companies to raise funds from the public through equity or debt instruments and attract large-scale investments.
It also helps build trust among stakeholders, customers and financial institutions due to its regulated and transparent framework.
Benefits and Advantages
- Contribution from Public Public companies can raise large amounts of capital from the public, institutional investors and the stock market.
- Limited Liability Shareholders' liability is limited to the amount invested, protecting their personal assets.
- Wider Reach & Credibility Being publicly listed adds credibility, brand visibility and confidence among investors, customers and partners.
- Perpetual Succession The company continues to exist irrespective of changes in ownership or management.
Eligibility Criteria
Basic Requirements
- Minimum 3 Directors (at least one must be a resident of India).
- Minimum 7 Shareholders.
- Must have a unique name approved by MCA.
- Registered office address in India.
- Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for all proposed directors.
Documents Required
For Directors/Shareholders
- Email ID
- Mobile number
- PAN Card (mandatory for Indian nationals)
- Passport (mandatory for foreign nationals)
- Aadhar Card / Voter ID / Driving License
- Passport-size photograph
- Address proof (latest utility bill or bank statement)
For Registered Office
- Rent Agreement or Property Ownership Proof
- NOC from property owner
- Utility bill (not older than 2 months)
Steps for Getting Registration
- Digital Signature (DSC): Obtain DSCs for all proposed directors.
- Director Identification Number (DIN): Apply for DIN through the SPICe+ form.
- Name Reservation: Reserve company name using the RUN (Reserve Unique Name) service.
- Filing SPICe+ Form: Submit SPICe+ Part A and B along with MOA, AOA, AGILE-PRO and other documents.
- PAN & TAN Application: Done automatically within the registration form.
- Certificate of Incorporation: Issued by ROC along with PAN and TAN.
Timelines
10 to 15 working days, subject to government approvals, name availability and document accuracy.
Timelines may vary depending on document verification and government approvals.
Fee
Frequently Asked Questions
Because every great business starts with the right answers.
No, a public company may or may not be listed. Listing is optional but enables the company to raise capital from the public market.
A minimum of 3 directors and 7 shareholders are required.
Yes, NRIs and foreign nationals can be directors or shareholders, subject to conditions under FEMA and RBI guidelines.
There is no minimum paid-up capital requirement, but ₹5 lakh is recommended for practical purposes and credibility.
Shareholders are liable only to the extent of their shareholding.
Yes, it can be converted after complying with legal procedures and approvals.
Filing INC-20A, holding board meetings, maintaining statutory registers, appointing an auditor and timely filing of returns are mandatory.
Yes, in listed public companies, shares can be freely traded on stock exchanges.
Yes, every public limited company must appoint a statutory auditor and undergo an annual audit.
Voices of Success
Hear from those who have thrived with us and discover how businesses have transformed and grown with our expert guidance and support.
Anil Yadav
Shaperz India Grain Private Limited
“From FSSAI to Trade License, Lawfinity handled all our approvals efficiently. One-stop solution for all licensing needs.”
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