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Public Limited Company Registration

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Public Limited Company Registration

A Public Limited Company (PLC) is a business entity that allows shareholders to enjoy limited liability while offering the ability to raise capital by issuing shares to the public.

Governed by the Companies Act, 2013, PLCs are ideal for businesses planning to scale with enhanced credibility and public investment opportunities. They require regulatory compliance and offer benefits in terms of transparency and growth potential.

Eligibility & Minimum Requirements

Who Can Register?

Essential Requirements Described

To incorporate a Public Limited Company in India, certain legal conditions must be met to ensure the structure operates within the scope of company law.

Minimum 7 Shareholders

The company must have at least seven shareholders. These can be individuals or legal entities, including foreign nationals or companies.

Minimum 3 Directors

A minimum of three directors is required to form and operate the company in accordance with the Companies Act.

Resident Director

At least one director must be a resident of India, having stayed for a minimum of 182 days during the previous year.

Capital Requirement

There is no fixed minimum paid-up capital; however, the capital declared should align with the company’s business goals.

Unique Company Name

The proposed name must be distinct and follow the naming guidelines set by the Ministry of Corporate Affairs (MCA).

Registered Office Address

A registered office within India is required for communication. Valid address proof must be submitted during incorporation.

Eligible Individuals

Shareholders and directors must be at least 18 years old and legally competent under Indian law.

Compliance Preparedness

The company should be ready to meet statutory obligations, including annual audits, meetings, and filings.

Capital, Credibility, Continuity

Benefits of Public Limited Company

  • 1. Access to Capital

    Public companies can raise funds by issuing shares or debentures to investors.

  • 2. Limited Liability

    Shareholders are liable only up to the value of their shares. Personal assets are not affected.

  • 3. Transferability of Shares

    Shares can be transferred easily, making ownership flexible and encouraging investments.

  • 4. Separate Legal Entity

    The company has an independent legal identity, separate from its shareholders or directors.

  • 5. Enhanced Credibility

    Being registered as a public company improves reputation among banks, investors, and stakeholders.

  • 6. Perpetual Succession

    Changes in shareholders or directors do not affect the company’s existence or operations.

  • 7. Listing Opportunities

    The company can apply to be listed on stock exchanges for greater market visibility and access to capital.

  • 8. Tax Planning

    Eligible for corporate tax deductions and structured financial planning under Indian tax laws.

PLC Registration Process
Step-by-Step Registration

How to Register a Public Limited Company

  1. Obtain Digital Signature Certificate (DSC) for directors
  2. Apply for Director Identification Number (DIN)
  3. Reserve Company Name via SPICe+ Part A
  4. Draft Memorandum and Articles of Association (MOA & AOA)
  5. File SPICe+ Part B for Incorporation
  6. Obtain Certificate of Incorporation from ROC

This streamlined process ensures a smooth and compliant registration experience for your Public Limited Company.

PLC Eligibility
Eligibility Criteria

Who Can Register a Public Limited Company?

  • Minimum 7 shareholders and 3 directors required
  • Shareholders and directors must be Indian citizens or NRIs
  • Must have a registered office in India
  • Complies with Companies Act 2013 provisions for PLCs
  • Shareholders and directors must be at least 18 years old

These criteria ensure proper governance, credibility, and legal compliance for your company.

PLC Tax Benefits
Tax Advantages

Tax Benefits of a Public Limited Company

  • Taxed at 22% under the new corporate tax regime
  • Eligible for multiple deductions and exemptions under the Income Tax Act
  • Dividends subject to DDT, but reinvestment can reduce overall liability
  • Can raise capital publicly, attracting more investors

These structured tax benefits make PLCs attractive for large-scale business operations and public funding opportunities.

PLC Post Registration Support
Ongoing Support

Post-Registration Services

  • Annual compliance filings and statutory returns
  • Assistance with GST registration and return filings
  • Support for licenses, approvals, and permits
  • Guidance on fundraising, IPO processes, and corporate governance

Our end-to-end support ensures your PLC operates smoothly, remains compliant, and achieves growth potential.

Required Documents for PLC Registration

  • PAN Card of all directors and shareholders
  • Identity proof – Aadhaar Card, Passport, or Voter ID
  • Recent passport-sized photographs of directors
  • Address proof – Bank statement or utility bill
  • Proof of registered office address
  • No Objection Certificate (NOC) from property owner
  • Digital Signature Certificate (DSC) for each director
  • Director Identification Number (DIN)
  • Drafts of Memorandum of Association (MOA) and Articles of Association (AOA)
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