A Public Limited Company grants limited liability to its management and owners. A Public Limited Company is a company limited by shares in which there is no restriction on the maximum number of shareholders — the company’s shares are held by the public. It has the characteristics of a Private Limited Company along with additional advantages. The company can raise capital from the public, which is a safe source of capital that is permanent, with no interest payable and no repayment obligation like debt.
Features of a Public Limited Company
- Entity: Separate legal entity
- Directors: Minimum 3 directors required
- Shareholders: Minimum 7 shareholders required; there is no limit on maximum members
- Capital: Minimum paid-up capital must be ₹5 lakhs
- Transfer: Shares are easily transferable
- Public Funds: Can raise funds from the public by issuing shares
- Name: Must have “Limited” written after the name
Documents Required for Public Limited Company Registration
ID and Address Proof (Directors / Shareholders)
- PAN
- Aadhaar Card
- Voter ID
- Passport
- Passport size photo
Address Proof
- Telephone bill
- Mobile bill
- Electricity bill
- Bank statement
- Passbook
Proof of Place of Business (If Rented)
- Rent agreement and NOC from landlord
Proof of Place of Business (If Owned)
- Electricity bills or Index II
What We Offer in Public Limited Company Registration
- Name Approval
- Certificate of Incorporation
- AOA & MOA
- PAN Registration
- TAN Registration
- Digital Signature
- 2 DIN of Directors
- 10+ Premium Legal Agreements
Public Limited Company Registration Process
- Digital Signature — DSC for directors is mandatory.
- DIN Application — Making an online application to obtain the DIN, i.e. Director Identification Number.
- Name Approval — Making an application for the proposed name of the Company from options given by the directors.
- Incorporation through SPICe (Simplified Proforma for Incorporating Companies Electronically) — Making an application to MCA through the online SPICe process, whereby documents like the Memorandum & Articles of Association of the Company are submitted online through forms INC-33 & INC-34, promoting a paperless go-green concept, while simultaneously submitting all required documents, following up for the Certificate of Incorporation, and applying for PAN & TAN of the Company.
- Start Up the Company — Once the Certificate of Incorporation is obtained, the directors can commence business.
FAQ – Public Limited Company Registration
Do I have to physically visit the ROC office while setting up the company?
No. A N Bhutada & CO provides a complete online company incorporation process. All legal documentation and visits are done by A N Bhutada & CO.
What is a DIN?
Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by the ROC office (Ministry of Corporate Affairs). It is similar to a PAN card number. DIN is to be mentioned in documents while appointing a person as a director of a company.
Can we change the office address of the company after incorporation?
Yes, the company office address can be changed anytime after incorporation.
What is the capital of the company?
Capital means the investment made by shareholders into the company. Authorised capital is the amount up to which the company can issue shares. This capital is mentioned during incorporation of the company, based on which ROC registration fees and stamp duty are paid. Paid-up capital is the actual investment which goes from shareholders into the company bank account, against which share certificates are issued by the company.
How many people are required for Limited Company incorporation?
- Minimum 7 people required
- Out of the 7 people, minimum 3 directors required
Who can become a director in a Public Limited Company?
- A natural person aged 18+
- A person holding a valid DIN number
How many days are required for Limited Company incorporation?
Generally the process of incorporation takes 15-20 days. However, the time depends on approval by MCA. For quick registration we advise choosing a unique name and providing documents as per the checklist.
Can foreign nationals / NRIs be appointed as directors in a Public Limited Company?
Yes. After getting a valid DIN number, foreign nationals / NRIs can become directors in a Public Limited Company. However, in the board of directors, one must be an Indian resident director.
Can foreign nationals / NRIs hold shares in a Public Limited Company?
Yes. Foreign nationals / NRIs can hold shares as per the guidelines provided under FDI.
Can a Public Limited Company take Foreign Direct Investment?
- 100% FDI is allowed in a Limited Company under the automatic route
- After incorporation, filing needs to be done with RBI
- For a few industries, prior approval is required from RBI
Does a Limited Company need to have some turnover before incorporation?
No. There is no such requirement. You can start registration from scratch.
What is the list of documents required for a Public Limited Company?
Registration requires simple documents that can be shared over email. For directors:
- PAN + any one ID proof (Voter ID / Driving License / Passport) + photo + 3 months’ bank statement
- Address proof — any one (Electricity Bill / Index II / Corporation tax paid receipt)
Can a salaried person be appointed as a director in a Public Limited Company?
Yes. A salaried person can be appointed as a director. However, check whether you have any restrictions from your employer.
More Questions? Seek Help of an Expert — Call us at: +91 80555 66789 or Email us: office@anbca.com
