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Public Limited Company Startup

Public Limited Company

Incorporating a Public Limited Company is a suitable option for large scale businesses that require huge capital. There should be a minimum of seven members with no limit on maximum number of members/shareholders for starting a Public Limited Company.

Usually, Public Limited Companies get listed with stock exchanges to raise capital from the general public. This is why Public Limited Companies have to comply with multiple regulations of the government and starting a public limited company becomes a cumbersome process.


Limited Company Registration

Easily register a Limited Company in India for as low as Rs.30000 within 15 working days through us. To register a Limited Company in India, a minimum of 3 directors and 7 shareholders are required.

PLC Registration required.

A limited company grants limited liability to its owners and management. Being a public company allows a firm to sell shares to investors this is benificial in raising capital. A minimum of three Directors are required for establishing a Public Limited Company and it has more stringent regulatory requirements compared to a Private Limited Company.

Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation.

What is a Public Limited Company

A Public Limited Company is defined under Section 2(71) of the Companies Act, 2013 as:

  • a company which is not a private company
  • a company with a minimum paid-up share capital of INR 5 lakhs.

Note : Under the Companies Act, 2013, a subsidiary company shall be deemed to be a public company if it is not a subsidiary to a private company, even if it is a private company as per its a

Checklist for Incorporating a PLC

Minimum Paid-up share CapitalINR 5 lakhsMinimum number of Directors3Maximum number of Directors50Minimum number of Shareholders7Maximum number of ShareholdersNo Limit

Documents equired for PLC Registration

Passport sized photographs of all the Directors
Copies of the Identity documents of all the Directors- Aadhar Card, Voter Card, PAN card
DSC (Digital Signature Certificate) of all the Directors
DIN (Director Identification Number) of all the Directors
In case the office is in a rented property – the rent agreement
In case the office is an owned place – the property ownership documents
The water bill and the electricity bill of the business place
No Objection Certificate by the Landlord
Memorandum of Association (MoA)
Articles of Association (AoA)
It is necessary that all the documents pertaining to registration of a Public Limited Company are in order to avoid any legal complications later on.

Financial Statements

 : The financial statements of the company have to be filed as per Section 137 of the Companies Act, 2013, read with Rule 12(2) of the Companies (Accounts) Rules, 2014. The financial statements consist of Balance sheet, Cash Flow Statement, Director’s Report, Auditor’s Report and the combined Financial Statement which is prepared in XBRL (Extensible Business Reporting System). This is filed via Form AOC-4.

inancial and Director’s Report

  •  Adoption of Financial and Director’s Report has to be done in consonance with Section 173 of the Companies Act read with Secretarial Standard 1. Its filing is done via Form MGT-14.


Pricing Table

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STANDARD

all inclusive fees

Rs.25899/Registration

  • Digital Signatures 1
  • 3 Director Identification Numbers
  • 1 RUN Name Approval 2
  • Upto 10 Lakhs Authorized Capital 3
  • Incorporation Fee
  • Stamp Duty 4
  • Incorporation Certificate
  • Current Account Opening
  • PAN & TAN
  • 50+ Document Formats
  • Incorporation Kit
  • Hard-copy Share Certificates
  • GST Registration
  • GST eWay Bill


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