Public Limited Company

A public limited company is a voluntary association of members which can be incorporated by seven or more persons and Minimum 3 Directors. It has a separate legal existence apart from its members who compose it. It must have a minimum of seven members but there is no limit as regards the maximum number. It’s shares are freely transferable and that too without the prior consent of other shareholders.

It is independent legal person, its existence is not affected by the death, retirement or insolvency of any of its shareholders. These companies can accept deposits from the public.

These Companies can be listed or unlisted.

Checklist for Company Registration

As per the Ministry of Corporate Affairs (MCA), if anyone wants to register Company in India, the below conditions have to be met.

Minimum Seven People:

Minimum seven people are required to start the public limited company in India. These companies shall have minimum three directors. The same seven people can become shareholder and director of the company. However, maximum any number of people can become shareholder in the public limited company.

No Minimum Capital:

Capital of the business is depending on the need of the business and statutory no minimum capital is required to start the public limited company. However, minimum authorized and subscribed share capital required for public company is Rupees five lakh.

One Resident Director :

Among director, one person must be resident Indian.

Unique Name :

The name of the public limited company should be unique and should not be similar to the any existing company name or trademark.

Documents For Company Registration

Identity Proof of Directors and Shareholders
  • Copy of Pan Card 
  • of Directors (Mandatory)
  • Passport Size of Photograph of Directors
  • Identity Proof: any one of: Voter id card, Driving License, Passport
Address Proof of Directors and Shareholders
  • Any one of: Bank Statement, Electricity Bill, Mobile Bill (not older than 2 months)
Proof of Registered office:
  • Conveyance/ Lease deed/Rent Agreement etc. along with rent receipts (any one)
  • Copy of the utility bills (Telephone/Gas/Electricity bill) (not older than two months) (any one)
  • NOC from Landlord

COMPARE OPTIONS FOR COMPANY REGISTRATION

  Private Limited Company LLP Registration One Person Company Registration Partnership Firm Registration Public Limited Company
Recommended for Growing Startups Service Providers, Professional Service Firms, Trading Business Independent Promoters Family Business Ideal for Medium and Large-Scale business and allows them to raise equity capital from Public.
Registration Cost Rs. 2999/- Rs. 3999/- Rs. 2999/- Rs. 1999/- Rs. 7999/-
Limited Liability Protection Yes Yes Yes No Yes
Statutory Compliances High Low High Low Very High
Audit Compliance Compulsory Only if contribution more than Rs. 25 lakhs or turnover exceeds Rs. 40 Lakhs Compulsory Subject to turnover of the firm Compulsory
Perpetual Existence Yes Yes Yes No Yes
Tax Advantage Yes Yes Yes Minimal Yes
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FAQ'S FOR Public Limited Company

Simplified Proforma for Registration of Company electronically (SPICe) is a fast track registration procedure initiated by Ministry of Corporate Affairs which enables a single form for company registration.
Through SPICe Form, we can register a Company in 10-12 Days.
You can start a Limited Company with any amount of capital. However, fee must be paid to the Government for issuing a minimum of shares worth Rs 1 lakhs [Authorized Capital Fee] during the incorporation of the Company.
Yes, a NRIs and Foreign National can become Directors in a Public limited Company. They need to get a DIN from Ministry of Corporate Affairs (MCA). At least one Director on the Board of Directors should be an Indian Resident.
No, new company registration is a fully online process. As all forms are filed electronically. You would need to send us scanned copies of all the required documents.
These rules contain the rules, vision and mission of your organisation, and define, among other things, the exact business and the roles and responsibilities of shareholders and directors.
Yes, one can register the company at their home address. One requires to submit the utility bill copy of the same with noc.