Overview
A Public Limited Company in India is a type of company that offers shares to the public and enjoys the benefit of limited liability. It allows for more capital through public investment and is ideal for businesses planning large-scale operations. Public Limited Companies are governed by the Companies Act, 2013, and must adhere to strict regulatory requirements. These companies can list their shares on stock exchanges, making it easier to raise funds from the public.
At BookmyLLC, we provide expert assistance for registering a Public Limited Company, ensuring compliance with all legal requirements.
How to Register a Public Limited Company Online?
Choose a Unique Name: Select a unique name that is not already registered with the Registrar of Companies (RoC).
Digital Signature Certificate (DSC): Directors need to obtain a DSC to sign forms electronically.
Memorandum of Association (MoA) & Articles of Association (AoA): These documents define the company’s objectives and operational rules.
File Incorporation Application: File the incorporation application (SPICe+ Form) along with necessary documents.
Obtain DIN: Directors must obtain a Director Identification Number (DIN).
Approval and Incorporation: Once verified by the RoC, a Certificate of Incorporation is issued.
PAN & TAN: Along with the Certificate of Incorporation, PAN and TAN are issued for tax purposes.
Bank Account
: Open a business bank account to start operations.
Eligibility for Registering a Public Limited Company
Minimum of 3 Directors and 7 Shareholders: A Public Limited Company must have at least 3 directors and 7 shareholders.
Residential Requirement: At least one director must be an Indian resident.
Capital Requirement: There is no minimum capital requirement, but a higher initial capital is recommended due to public investment.
Unique Company Name: The name must not conflict with any existing companies or trademarks.
Registered Office Address: A valid office address must be provided.
Public Limited Company Registration Process with BookmyLLC
Step 1: Obtain DSC and DIN
Directors must obtain Digital Signature Certificates (DSC) and DIN for completing the registration process.
Step 2: Name Reservation
We assist in choosing and reserving a unique name through the MCA’s SPICe+ system.
Step 3: Preparation of Incorporation Documents
Our experts draft the MoA and AoA, defining the company’s structure and operational guidelines.
Step 4: Filing of Incorporation Documents
The documents are submitted to the MCA along with the required forms and fees.
Step 5: Certificate of Incorporation
Once approved, the MCA issues a Certificate of Incorporation, and the company is assigned a CIN.
Step 6: Apply for PAN and TAN
After incorporation, we assist in obtaining PAN and TAN for tax purposes.
Step 7: Bank Account Assistance
We help you open a current bank account in the company’s name.
Step 8: GST Registration
If applicable, we assist with GST registration and ensure compliance with tax laws
Documents Required for Public Limited Company Registration
For Directors
- Proof of Identification (Passport/ DL/ Voter ID)
- Latest Bank Statement (Not older than 3 months)
- Passport-sized photograph
- PAN & Aadhaar
- Email ID and Mobile number
For the Registered Office
- Latest utility bill (not older than 2 months)
- NOC from the property owner
- Rental Agreement/Lease Deed (if applicable)
How we can help you?
- Expert Guidance: We provide personalized advice and support throughout the registration process, ensuring compliance with Indian corporate laws.
- Efficiency: Our process ensures timely registration, minimizing delays.
- Compliance with Corporate Laws: We ensure full adherence to all legal requirements.
- Post-Incorporation Services: Ongoing support for annual compliance, bookkeeping, tax filings, and more.
- Tailored Solutions: Customized registration and compliance solutions for your specific business needs.
- Local Expertise: Our team understands the nuances of Indian regulations and ensures full compliance.
- Live Process Updates: Stay informed with real-time updates.
- Affordable Pricing
: We offer competitive, transparent pricing with no hidden costs.
Public limited company at a glance
| Question | Short answer |
|---|---|
| Legal status | A separate legal entity whose shares can be offered to the public. |
| Minimum people | Three directors and seven members. |
| Maximum shareholders | No limit. |
| Capital | No minimum prescribed. |
| Transfer of shares | Free, subject to the articles. |
| Best suited to | Large businesses planning to raise funds from the public or list on an exchange. |
Private or public company
| Private limited | Public limited | |
|---|---|---|
| Minimum directors | Two | Three |
| Minimum members | Two | Seven |
| Share transfer | Restricted by the articles | Free |
| Raising money from the public | Not allowed | Allowed |
| Compliance | Standard | Heavier: more disclosures and governance rules |
Many businesses begin as a private limited company and convert later once they are ready to go public.
Governance duties to expect
- Board and general meetings on a fixed schedule.
- Audited accounts and filings with the Registrar.
- Additional governance rules as size or listing status grows.
- Disclosures for related-party dealings.
The extra obligations are the cost of being able to raise capital widely. We explain which apply to your plan before you file.
Thresholds, fees and form numbers are set by the authorities and change from time to time. We confirm the current position when we start your filing.
Why choose a public limited company
A public limited company can invite the public to subscribe for its shares, which opens the way to larger fundraising and, if the company chooses, a listing on a stock exchange. Shares can be freely transferred, which makes the company more attractive to institutional investors. Those advantages come with stricter governance, more disclosure and closer regulatory oversight.
Most founders do not need a public company at the start. If you are building a business that will take outside capital in stages, a private company is easier to run and can be converted later when you are ready to go public.
Directors and governance
| Requirement | Detail |
|---|---|
| Number of directors | At least three |
| Resident director | At least one must be resident in India |
| Independent directors | Required for certain classes of public companies |
| Board committees | Required in some cases, such as audit and remuneration committees |
| Auditor | Appointed under the Act, with rotation rules for some companies |
Rules on independent directors, committees and disclosure vary with the size and listing status of the company, so we confirm which ones apply to you before filing.
Steps after incorporation
- Open the bank account and deposit the subscribed capital.
- Appoint the first auditor within the period the Act allows.
- File the declaration for commencement of business where required.
- Set up statutory registers and hold the first board meeting.
Public companies are held to a higher standard of record keeping. A compliance calendar from day one is worth the small effort.
A short comparison with other structures
| Structure | Raises public money | Compliance load | Typical user |
|---|---|---|---|
| Public limited company | Yes | High | Large companies |
| Private limited company | No | Medium | Startups and growing businesses |
| LLP | No | Lower | Professional firms |
| One Person Company | No | Lower | Solo founders |
Pick the structure that matches today's needs, because you can convert as the business grows.
