Public Limited Company Registration

What is Public Limited Company Registration?

Public Limited Company Registration is a critical corporate requirement in India. At Atlaz, we ensure your business remains 100% compliant with government regulations. Engaging a professional service for your Public Limited Company Registration mitigates legal risks, optimizes operational efficiency, and establishes a foundation of trust with stakeholders and regulatory bodies.

Aspect With Professional Support Without Support
Compliance Speed Accelerated Prone to delays
Legal Risk Mitigated High
Cost Efficiency Optimized Hidden Penalties

Incorporate a Public Limited Company in India for large scale operations, IPO readiness, and widespread capital raising.

Thorough Guide to Public Limited Company Registration

A Public Limited Company under the Companies Act, 2013, is a company that has limited liability and offers shares to the general public. It is the most reliable and highly regulated corporate structure in India, designed for large-scale enterprises, heavy manufacturing, and businesses planning to raise capital via an Initial Public Offering (IPO).

Unlike a Private Limited Company, a Public Limited Company faces no restrictions on the maximum number of shareholders and allows free transferability of shares. It requires a minimum of 7 members (shareholders) and 3 directors to incorporate. Because it can accept funds from the public, it is subject to stringent transparency, governance, and compliance norms by the MCA and SEBI (if listed).

Due to its strict regulatory requirements, forming a Public Limited Company brings unparalleled credibility and brand value. It is highly trusted by banks, financial institutions, foreign investors, and the government for mega-projects, tenders, and long-term joint ventures.

Documents Required

  • PAN Card and KYC documents of all 7 Members and 3 Directors
  • Digital Signature Certificates (DSC) for Directors
  • Utility Bill and NOC for the Registered Office
  • Detailed Object Clause for the MoA
  • Affidavits and Declarations by first directors and subscribers

Step-by-Step Process

1

Obtain DSCs for all proposed Directors

2

Apply for Name Approval (RUN/SPICe+)

3

Draft highly detailed MoA and AoA

4

File Incorporation forms along with DIR-12 and INC-22

5

Receive Certificate of Incorporation, PAN, and TAN

6

File INC-20A (Commencement of Business) to start operations

Approximate Timeline

15 - 20 Working Days

Key Advantages & Benefits

Unlimited Shareholders

No cap on the maximum number of members, allowing massive capital expansion.

IPO Readiness

The only structure capable of being listed on stock exchanges (BSE/NSE) to raise public funds.

Free Transferability

Shares can be bought and sold freely without the restrictive clauses of a private company.

Maximum Credibility

Highest level of corporate governance provides immense trust in the market.

Get Started with Public Limited Company Registration

Frequently Asked Questions

What is the minimum capital required for a Public Limited Company?
The requirement for a minimum paid-up capital of Rs. 5 Lakhs was abolished. You can incorporate a Public Limited Company with any amount, though sufficient capital should reflect the scale of the business.
How many directors are required?
A minimum of 3 directors are required. There is a maximum limit of 15 directors, which can be increased by passing a special resolution.
Are the compliances heavy for a Public Company?
Yes, Public Limited Companies have strict compliance requirements including appointing a Company Secretary, mandatory statutory audits, holding AGMs, and detailed financial disclosures.
Can a Private Company be converted to a Public Company?
Yes, a Private Limited Company can be converted to a Public Limited Company by passing a special resolution and altering its MoA and AoA.
Is a Public Limited Company always listed on the stock market?
No, an 'unlisted' Public Limited Company is one that is registered as public but has not offered shares to the general public via an IPO on a stock exchange.
What is the Certificate of Commencement of Business?
Within 180 days of incorporation, a Public Company must file Form INC-20A declaring that all subscribers have paid their share money, before it can start any business operations.