Public Limited Company Registration

Public Limited Companies offer the opportunity for public participation through shares or deposits. They are vital for large businesses requiring substantial capital, which can be raised through public issues. Public Limited Companies can even be listed on stock exchanges to further boost their capital.
To establish a Public Limited Company, a minimum of seven individuals is required. Solubilis provides hassle-free Public Limited Company registration services across India. We simplify the registration process, ensuring it's both straightforward and completed on time. As a prominent service provider with expertise in the field, we're your trusted partner in making your business dreams a reality.

Characteristics of public limited company registration:

Limited Liability: Members' liability is limited to their invested capital.
Public Participation: Companies with public limited company registration in India invite deposits and public equity participation.
Perpetual Existence: These companies have a perpetual and enduring presence.
Board Control: Managed by a board of directors, with a minimum of 3 and a maximum of 15 directors.
Transferable Shares: Shares can be easily transferred from one person to another.
"Limited" Suffix: Company name should end with "Limited."

Pre Requisites:

Minimum 3 directors and 7 shareholders.
Registered office required.
A minimum capital to be paid up is of Rs 5 lakh.
DSC (Digital Signature Certificate) for subscribers and directors.
DIN (Director Identification Number) for directors.

Proposed director & Shareholder - Indian Citizen:

PAN Card: Include a valid PAN card.
Aadhar Card: Provide your Aadhar card.
Address Proof: Public limited company registration in India Submit a recent Bank Statement,Telephone Bill, Electricity Bill, or Mobile Bill (not older than two months).
Passport Size Photo: Attach a passport-sized photo.

Proposed director & Shareholder - Foreign National:

Passport Copy: Include a copy of your passport, duly notarized and apostilled.
Address Proof: Provide a notarized and apostilled address proof.
Nationality Proof: Submit a notarized and apostilled copy of your nationality proof.
Two Passport Size Photos: Attach two passport-sized photos.

Register Office documents:

Rental Office: If your office is rented, a rental agreement is mandatory.
Electricity Bill: Include an electricity bill (not older than two months).
NOC from Landlord: If you are an occupant, obtain a No Objection Certificate (NOC) from your landlord to operate the business.

These documents are essential for a smooth public limited company registration process, ensuring compliance with legal requirements.

Step 1: Name application:

Submit an application to reserve the company name with the Registrar of Companies.
You can provide two name choices and one re-submission if needed.

Step 2: Name Approval / Rejection:

Upon receiving the application, the Central Registration Centre (CRC) will either approve or reject it.

Step 3: Application for DSC

Obtain a Digital Signature Certificate for all subscribers and directors of the company.

Step 4: Preparation of MOA & AOA

Every company must draft MOA and AOA.
It's mandatory to attach the digital signature certificate in both documents.

Step 5: Forms and Documents Filing:

File the application for the registration of the public limited company along with the MOA, AOA (if any), and other required documents and fees.

Step 6: Certificate of Incorporation:

Once satisfied, the Registrar of Companies (ROC) will issue the certificate of incorporation.
Directors will be allotted a DIN (Director Identification Number), and the company will receive a PAN (Permanent Account Number) and TAN (Tax Deduction Account Number).

FAQ'S

A Public Limited Company, limited by shares, has no minimum prescribed capital requirement. To establish one, you need a minimum of three directors and a maximum of seven members. Importantly, there's no upper limit on the number of members for a Public Limited Company.

A Public Limited Company has no maximum limit on its members, making it ideal for raising funds, including through IPOs. It's well-suited for long-term business visions, offering public recognition and transparent operations, promoting trust and growth.

Public Limited Company Registration comes with numerous legal formalities, which can sometimes lead to delays in decision-making and implementation.

A Public Limited Company can convert into a Private Limited Company or a One Person Company.

Typically, Public Limited Company registration takes 7 to 15 working days, but processing time can vary based on document submission and government approval.

Authorized capital is the maximum amount of shares a company is permitted to issue as per its registration documents. Paid-up capital is the portion of authorized capital that shareholders have purchased and paid for. While authorized capital sets the upper limit, paid-up capital represents the actual funds received from shareholders for the issued shares. Companies often start with low paid-up capital and increase it as needed. This distinction helps companies balance their financial structure by allowing flexibility in issuing shares while maintaining compliance with regulatory requirements.