Public Limited Company Registration in India | Steps, Procedure & Benefits 

Public Limited Company: A Comprehensive Guide

A public limited company (PLC) is a corporate entity listed on the stock exchange that offers its shares to the general public. Governed by the Companies Act of 2013, a PLC is subject to strict regulatory requirements, including financial reporting, corporate governance norms, and shareholder transparency. The formation of public and private companies differs significantly, with PLCs mandated to issue a prospectus and maintain a minimum capital and shareholder base of seven or more.

Benefits of a Public Limited Company

1. Raising Financing: Unlike private limited companies, PLCs can raise substantial capital from the general public.
2. Bargaining Power: Being large and reputable, PLCs often enjoy greater negotiation power with stakeholders and suppliers.
3. Growth Opportunities: Funds raised through public offerings enable PLCs to expand operations and improve efficiency.
4. Flexibility in Shareholder Structure: While PLCs must have at least seven shareholders, there is no upper limit, allowing for a broad shareholder base.

Documents Required for Public Limited Company Registration

To ensure compliance and streamline the public limited company registration process, you’ll need:

• Identity Proof for Shareholders and Directors: Aadhaar card, PAN card, or voter ID for all individuals involved.
• Address Proof for Shareholders and Directors: Documents validating residence.
• PAN Card Details: Required for all shareholders, directors, and members.
• Company Office Address Proof: Recent utility bills (not older than two months) to confirm the business premises’ location.
• Landlord’s Consent Letter: A no-objection certificate from the property owner allowing business operations.
• Digital Signature Certificates (DSC): For all directors to authenticate online submissions.
• Foundational Documents: Copies of the company’s Articles of Association (AOA) and Memorandum of Association (MOA).

Registration Procedure for Public Limited Companies

Step 1: Obtain Digital Signature Certificates (DSC)

All directors and subscribers must secure a DSC to file forms online via the Ministry of Corporate Affairs (MCA) portal.

Step 2: Apply for Director Identification Number (DIN)

Each director requires a DIN, which can be obtained using the SPICe form. Proof of identity and address is necessary.

Step 3: Check Company Name Availability

Search the MCA portal to ensure the desired company name is unique and does not infringe on existing trademarks.

Step 4: File SPICe+ Form

Submit the SPICe+ form along with the MOA and AOA to cover all legal aspects of company incorporation.

Step 5: Obtain Certificate of Incorporation

The Registrar of Companies (ROC) reviews and verifies the submitted forms and issues a Certificate of Incorporation, including the Corporate Identification Number (CIN).

Step 6: Apply for PAN and TAN

The company’s PAN and TAN are essential for taxation and compliance-related transactions.

Step 7: Open a Bank Account

With the Certificate of Incorporation, MOA, AOA, and PAN, a dedicated company bank account can be opened for financial transactions.

Why Choose YKG Global for Public Limited Company Registration?

1. Expert Guidance: Navigate the complexities of the formation of public and private companies with expert advice from our team.
2. Seamless Process: From documentation to obtaining the Certificate of Incorporation, we handle it all.
3. Transparency: Clear and competitive pricing for all services.
4. Proven Expertise: Decades of experience in assisting businesses with public limited company registration and compliance.

By partnering with YKG Global, you gain access to a reliable partner in setting up a limited company public and ensuring all regulatory requirements are met efficiently.

Contact us today to start your journey towards establishing a robust and compliant public limited company with ease!