Public Limited Company Registration
A Public Limited Company is a preferred business structure for organizations seeking to raise substantial capital from the public and expand their operations. Governed by the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs (MCA), a Public Limited Company provides a robust framework for growth, governance, and scalability.
It offers flexibility to list shares on recognized stock exchanges, making it an ideal choice for businesses aspiring for large-scale operations.
Minimum Requirements
Minimum Three Directors
Minimum Seven Members
No Minimum Capital Required
Maximum Fifteen Directors
One Director must be an Indian Resident
Advantages
Limited Liability Protection
Perpetual Existence
Easy access to funding
Option to list on stock exchanges
Additional Information Required
- Authorized and Paid-up Share Capital details.
- Proposed Business Activities.
- Residential Duration and Place of Birth of Directors and Members.
- Educational Qualifications and Occupation of Members and Directors.
- Contact Information (Email ID and Phone Number).
Registration Process
Updated Process (SPICe+ Web Service)
The SPICe+ form is the latest method for incorporating a Public Limited Company, effective from February 23, 2020. It replaces the older Form INC-32 (SPICe) with two parts: Part A for name reservation and Part B for company registration.
Name Reservation :
- File Part A of SPICe+ for name approval.
- Ensure the name is unique and does not conflict with existing trademarks or company names.
Filing SPICe+ Part B :
- Submit details for incorporation, such as address, directors, and shareholding structure.
- Integrated services include GSTIN, ESIC, EPFO, and bank account opening.
Affix DSC :
- Download SPICe+ forms and digitally sign them.
Upload to MCA :
- Submit the digitally signed forms via the MCA portal.
Declare Subscribers and Directors :
- INC-9 declaration form auto-generated for electronic submission (mandatory for fewer than 20 subscribers/directors).
Documents Required
To facilitate a seamless registration process, please ensure that the necessary documents are readily available.
Passport-size Photograph of all Directors.
Director Identification Number
Digital Signature Certificate.
PAN Card
Passport / Voter ID / Aadhaar Card / Driving License
Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill.
NOC from Landlord, Lease Agreement, and Utility Bill.
NOC from Owner, Property Title Deed, and Utility Bill.
Passport-size Photograph of all Directors.
Director Identification Number
Digital Signature Certificate.
PAN Card
Passport / Voter ID / Aadhaar Card / Driving License
Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill.
NOC from Landlord, Lease Agreement, and Utility Bill.
NOC from Owner, Property Title Deed, and Utility Bill.
Passport-size Photograph of all Directors.
Director Identification Number
Digital Signature Certificate.
PAN Card
Passport / Voter ID / Aadhaar Card / Driving License
Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill.
NOC from Landlord, Lease Agreement, and Utility Bill.
NOC from Owner, Property Title Deed, and Utility Bill.
Passport-size Photograph of all Directors.
Director Identification Number
Digital Signature Certificate.
PAN Card
Passport / Voter ID / Aadhaar Card / Driving License
Bank Statement / Electricity Bill / Telephone Bill / Mobile Bill.
NOC from Landlord, Lease Agreement, and Utility Bill.
NOC from Owner, Property Title Deed, and Utility Bill.
Key Benefits of Registering a Public Limited Company
- Credibility: Enhances trust among investors, partners, and clients.
- Fundraising Potential: Ability to raise equity capital from the public through share issuance.
- Legal Entity Status: Ensures the business operates as a separate legal entity.
- Governance and Transparency: Adherence to strict regulatory standards boosts investor confidence.
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