Public Limited Company

Public Limited Company Registration in India – Complete Guide

What is a Public Limited Company?

A Public Limited Company is a type of company registered under the Companies Act, 2013, that can offer its shares to the public and raise capital from the open market. It enjoys limited liability, separate legal status, and perpetual succession, making it ideal for large-scale businesses.

It is regulated by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI) (if listed on stock exchanges).

Key Features:

• Minimum 3 Directors

• Minimum 7 Shareholders

• No limit on maximum shareholders

• Can raise capital through public issue of shares

• Mandatory statutory compliance and audits

• Can be listed on stock exchanges (optional)

Advantages of a Public Limited Company:

• Ability to raise large-scale capital

• Better access to bank loans and government funding

• Enhanced credibility and trust

• Easy transfer of shares

• Separate legal identity

• Ideal for IPOs and large-scale projects

Eligibility Criteria:

• Minimum 3 directors (at least 1 Indian resident)

• Minimum 7 shareholders (individuals or entities)

• DIN & DSC for all directors

• Unique company name

• Registered office address in India

Documents Required:

For Directors/Shareholders:

• PAN Card

• Aadhaar / Passport / Voter ID / Driving License

• Passport-size photo

• Address proof (Bank Statement, Utility Bill – not older than 2 months)

For Registered Office:

• Rental agreement (if rented)

• Electricity/water bill

• NOC from the property owner

Public Limited Company Registration Process:

1. Obtain DSC (Digital Signature Certificate)

   • For all proposed directors.

2. Apply for DIN (Director Identification Number)

   • Through the SPICe+ form.

3. Name Reservation (SPICe+ Part A)

   • Submit 2 name choices to the MCA for approval.

4. File SPICe+ Part B for Incorporation

   • Attach MoA, AoA, Director details, and other required documents.

5. PAN & TAN Application

   • Automatically generated with incorporation.

6. Certificate of Incorporation Issued by MCA

   • With CIN, PAN, and TAN details.

Timeline:

Typically takes 10–15 working days, depending on documentation and approvals.

Cost of Registration:

Generally ranges between 12,000 – 25,000, depending on:

• Number of directors

• State of registration (stamp duty varies)

• Professional & legal service charges

Post-Incorporation Compliances:

• Open company bank account

• Appoint statutory auditor

• File INC-20A (commencement of business) within 180 days

• Hold board and shareholder meetings as per Companies Act

• Annual ROC filings (AOC-4, MGT-7)

• Maintain proper books and statutory registers

When Listing on Stock Exchange (Optional):

• Meet SEBI listing norms

• File Draft Red Herring Prospectus (DRHP)

• Appoint merchant bankers & legal advisors

• Comply with IPO norms and periodic disclosures

Why Choose SSA TAX for Public Company Registration?

We offer end-to-end assistance:

• Company name reservation

• DIN & DSC application

• Drafting of MoA, AoA, and legal documents

• MCA portal filing and coordination

• PAN, TAN, and business account setup

• Post-registration compliance & advisory