WHAT IS PUBLIC COMPANY REGISTRATION?

A Public Limited Company registration is the ideal choice for Medium and large sized businesses that raise equity capital from the public. A Public Limited Company must have minimum 3 directors and 7 shareholders, providing all the advantages of security to investors while enabling the company to raise more funds through share-buying.

There are certain benefits of registering as a public limited company.

Public Limited Companies can list their shares on the stock exchange and shareholders can easily transfer their shares.

PUBLIC COMPANY REGISTRATION PROCESS IN INDIA

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STEP 1 : SELECT COMPANY NAME

The first step is to finalize a brand name and company legal name. Consult with a professional so you can make sure the company name is available on the Ministry of Corporate Affairs (MCA) website.

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STEP 2 : DIGITAL SIGNATURE CERTIFICATE (DSC)

All proposed directors of the Public Limited Company must have a digital signature that will be used to file the online company registration application. One can also use the same DSC for signing documents.

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STEP 3 : DIRECTOR IDENTIFICATION NUMBER (DIN)

Director Identification Number (DIN) is a unique Identification Number which is allotted to every person who intends to become a director in a company. Applications for the allotment of DIN can be made in the Spice+ form at the time of company's registration.

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STEP 4 : NAME APPROVAL

For name approval, an application is filed in the prescribed Form SPICE+ Part A with the Ministry of Corporate Affairs.

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STEP 5 : SUBMISSION OF FINAL INCORPORATION FORM (SPICE+) ALONG WITH MOA & AOA.

After name approval, one needs KYC and other prescribed documents of Directors& Shareholders. After submission of Spice+ form to MCA one will get Certificate of registration along with PAN & TAN.

As per the recent amendment, a new form has been introduced named as AGILE Submission of this form will provide registration of EPFO, ESIC & GST of the Company.

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STEP 6 : BANK ACCOUNT OPENING

Open your bank account for your business and take the necessary steps to launch it.

Benefits

1. Borrowing Power
A public limited company has access to many sources for borrowing money, like debentures and equity. Financial institutions even prefer to give more financial assistance to large public limited companies.
One of the benefits of registering a Public company is that it's a separate legal entity. This means that the company will have its own rights and obligations, which are not dependent on those of the members. The identity of a Public limited company is distinct from that of its members.
The benefit of Public Limited Company registration is that the liability of the person who invests money into the business (also known as shareholders) will be limited. This means that if something goes wrong with the company, people have less exposure.
Public limited companies can easily list their shares on stock exchanges across India, which is not possible in other forms of business.

Get a free consultation for Private Limited Company registration by scheduling an appointment with Finlawcity.

Contact Us

WHY CHOOSE US

1. EXPERT PROFESSIONALS
FINLAWCITY, has a team of qualified and experienced Chartered Accountants and Company Secretaries, our team of Chartered Accountants and Company Secretaries has the experience to make your company registration process hassle-free.
FINLAWCITY provides you online company registration service that offers you free advice and reliable assistance to complete your company registration in India. We also offer an online payment service to make the process easy, simple and convenient.
We know that start-ups often have a limited budget and we work hard to keep costs low. We offer competitive pricing with no hidden fees and our service is streamlined from start to finish.
Our 100 % technology driven platform will save you time and money as we have a team of professionals who are well versed with their job.
We at FINLAWCITY ensure start-ups to focus on their project and leave all the legalities and documentations to us. From our technology driven platform and on time delivery start-ups prefer us to do Company registration for them. Finlawcity offers a free consultation for Public Limited Company registration in India. To schedule an appointment, call 09711717331 or fill out the online form.

Requirements

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MINIMUM THREE DIRECTORS

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MINIMUM SEVEN SHAREHOLDERS

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AT LEAST ONE DIRECTOR SHOULD BE FROM INDIA

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NO CAPITAL REQUIREMENT

Documents Required

Pan Card

Pan Card

Pan Card of Shareholders & Directors Foreign Directors must provide a valid Passport notarized or apostilled

Photograph

Photograph

Latest Passport size photograph of Shareholders & Directors.

Identity Proof

Identity Proof

Aadhar Card/ Voter ID / Passport / Driving Licence of Shareholders & Directors.

Address Proof

Address Proof

Latest Telephone Bill / Electricity Bill / Bank Account Statement of Shareholders and Directors.

For Registered Office

For Registered Office

Rent agreement Utility bills-telephone, electricity, and municipal (Not older than 2 Months) NOC From Owner.

NOTE

In case of NRI or Foreign National, documents of director (s) must be notarized or apostilled.

Frequently Asked Questions

What Is a Public Limited Company?
Public Limited Company is a good choice of corporate entity if you want to raise equity capital from the public. The Public Limited Company registration requires that the company must have at least 3 directors and 7 shareholders.
A public limited company in India requires a minimum of 3 directors and 7 shareholders. One director must be a resident of India. The company must also have a registered office in India.
A digital signature certificate (DSC) is an encrypted signature that is saved on a pen drive. It makes the online registration process easy by signing ROC form or PDF.
A Director Identification Number (DIN) is a unique number assigned by the Ministry of Corporate Affairs to individuals on whose name the application is made. This allows an individual to be a director in any company.
Anyone over the age of 18 can be a director, provided they have a DIN (Director Identification Number).
When a company is formed, it has to specify the maximum amount of money that it can raise by issuing shares. This is known as the authorised capital. The actual amount of money that the company has raised by issuing shares is known as the paid-up capital. Paid-up capital is always less than or equal to authorised capital.
Yes, a Public Company can carry multiple businesses if it is mentioned in the company’s MOA and approved by a registrar. The company can mention more than one business operating within the same field. For e.g. - A public company can be registered as an E-commerce platform that sells clothes, shoes, and accessories. However, the business activities must be inter-related, and the nature of business should be similar.
All directors must provide identity and address proof, as well as a copy of the PAN card (for Indian nationals) and passport (for foreign nationals). No-objection certificate must be submitted by the Owner of the registered office premises.
It is safe to register your company online with a trusted company like FINLAWCITY. You will be able to complete the registration process quickly and easily, and you will be able to access your account securely. You will also be able to manage your account and view your company's information online.
Our team of professionals at FINLAWCITY can help you register your company within 10-12 working days, anywhere in India. We offer free consultation so that you can find the most suitable options for your business.