Public Limited Company
As the name reveals, a public limited company has a wider coverage than a private limited company. It is generally called a 'Public Company'. Large-sized businesses or stock exchange listed entities are incorporated as public companies...

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Registration Services for Public Limited Company

A Public Limited Company is a company which is not a private company. The minimum number of shareholders and directors required for registering a Public Company is 7 and 3 respectively. Subject to compliance of the Companies Act, there is no restriction as to number of members, issue and transfer of shares and acceptance of deposits. It is a voluntary association of members which is incorporated and, therefore has a separate legal existence and the liability of whose members is limited. Its main features are:-

1. The company has a separate legal existence apart from its members who compose it.
2. Its formation, working and its winding up, in fact, all its activities are strictly governed by laws, rules and regulations. The Indian Companies Act, 2013 contains the provisions regarding the legal formalities for setting up of a public limited company. Registrars of Companies (ROC) appointed under the Companies Act covering the various States and Union Territories are vested with the primary duty of registering companies floated in the respective states and the Union Territories.
3. A company must have a minimum of seven members but there is no limit as regards the maximum number.
4. The company collects its capital by the sale of its shares and those who buy the shares are called the members. The amount so collected is called the share capital.
5. The shares of a company are freely transferable and that too without the prior consent of other shareholders or without subsequent notice to the company.
6. The liability of a member of a company is limited to the face value of the shares he owns. Once he has paid the whole of the face value, he has no obligation to contribute anything to pay off the creditors of the company.
7. The shareholders of a company do not have the right to participate in the day-to-day management of the business of a company. This ensures separation of ownership from management. The power of decision making in a company is vested in the Board of Directors, and all policy decisions are taken at the Board level by the majority rule. This ensures a unity of direction in management.
8. As a company is an independent legal person, its existence is not affected by the death, retirement or insolvency of any of its shareholders.

Steps to be taken to get incorporated a public limited company

Step - 1 Apply for Digital Signature Certificate

Step - 2 Apply for Directors Identification Number (DIN No.)

Step - 3 Apply for the availability of the name

Step - 4 Drafting the Memorandum and Articles of Association.

Step - 5 File the documents for Registration
After the Registrar is satisfied that all formalities are complied with, he issues a Certificate of Incorporation, which shall be conclusive evidence as to the formation of the Company.

Step - 6 File the documents obtain Commencement of Business Certificate after incorporation

After the Registrar is satisfied that all formalities are complied with, he issues a Certificate of Commencement of Business.

Choose a Company Formation Package

Standard Formation

Fast, simple online formation

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Formation Plus

Avoid compliance headaches

  • Full company registration
  • Completed statutory registers
  • Full board meeting documentation

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E-business start-up

Set up a business and get online

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Secretarial Service*

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Director Identification Number

The following documents are required for obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN).

1. Proof of Identity

  • PAN (Mandatory for Indian Nationals )
  • PASSPORT (Mandatory for Foreign Nationals )

2. Proof of Residence:
(Any one of the below)

  • Passport
  • Driving License
  • Election or Voter Identity Card
  • Electricity bill
  • Bank Account Statement
  • UID/Aadhar Card

3. Latest passport size photographs of all Directors/Promoters

Documents required for Address Proof of Registered Office.

  • Rent Agreement or Leave & Licence Agreement, if registered office premise is taken on rent.
  • Utility Bills of proposed registered office
  • NOC of Owner

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