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Overview of Public Limited Company Registration

Greetings from Corpbiz, Your reliable resource for public limited company registration and compliance. At Corpbiz, our mission is to make registering with a public limited company easier while also giving companies the tools they need to succeed in today's changing business environment.

In the corporate services space, Corpbiz is a well-known brand that offers entrepreneurs, startups, and existing businesses all-inclusive help. We have established ourselves as a one-stop solution for all your company requirements due to our dedication to enabling smooth business operations.

Our main objective at Corpbiz is to assist our clients in navigating the complex process of registering a public limited company in a way that is easy, quick, and affordable. We want to be the cornerstone of your success because we recognize that compliance is the cornerstone of any successful business.

An important accomplishment for every firm is the registration of a public limited company. It gives you access to a wider range of options, such as public fundraising, stock market trading, and building the legitimacy of your brand. Our knowledgeable staff at Corpbiz is skilled in assisting you with the complexities of this registration, guaranteeing a trouble-free encounter.

Our staff of in-house professionals is what makes us unique; they have an extensive understanding of company rules and regulations. Their knowledge and proficiency allow us to provide you with specialized solutions for your unique requirements, guaranteeing that the establishment of your public limited company is entirely in line with your corporate goals.

Our past performance is evidence of our commitment and skill. We're proud of the many success stories we've contributed to the writing for companies in a variety of sectors. Our success comes from our clients' accomplishments, and we are eager to include your success story in our collection.

At Corpbiz, we adopt a client-centric strategy that centres on comprehending your particular business goals and needs. Our committed staff works non-stop to make sure that each stage of the registration of your public limited company is completed.

Challenges faced with Public Limited Company Registration

A public limited company registration might be difficult because of several legal and regulatory criteria. For corporations wishing to trade their shares on stock markets and obtain cash from the public, public limited companies are a common option. A significant part in streamlining this registration procedure may be played by Corpbiz, a professional service provider.

The following are common difficulties encountered while registering a public limited corporation, along with ways Corpbiz can assist:

Complicated Legal Processes: Creating a public limited company requires several complicated legal steps, such as drafting the articles of association and memorandum, filing incorporation paperwork, and getting the required permissions. A group of legal professionals at Corpbiz can help ensure that these necessary papers are correctly and legally prepared.

Capital Requirements: Public limited corporations must have a certain amount of capital. Corpbiz may assist with financial planning and making sure the business has the cash to satisfy these standards.

Stock market Listing: There are extra rules and standards to follow if the firm intends to list its shares on a stock market. Corpbiz may assist with interacting with stock exchange regulators and preparing the required papers.

Accounting and Taxes: Public limited companies must follow certain accounting guidelines and pay particular taxes. Corpbiz can help make sure the business complies with these regulations by offering accounting and tax services.

Necessary Paperation & Paperwork: Several papers must be prepared and submitted to government agencies as part of the registration procedure. Corpbiz can take care of the paperwork, ensuring that it is all completed accurately and filed on schedule.

A public limited company registration can be a complicated procedure because of the many legal and regulatory requirements. Corpbiz may be a useful partner in streamlining this process by offering professional advice, help with paperwork and continuous support. Their knowledgeable staff can assist your firm in navigating the challenges of registering as a public limited company and make sure that it complies with all applicable rules and regulations.

Benefits of Public Limited Company Registration

These are the benefits a company receives after registering as a Public Limited Company:

Limited Liability of Shareholders

Shareholders of Public Companies benefit from restricted liabilities, which protect their assets and prevent them from being utilized to pay off the company's debts and losses. However, the stockholders are still liable for whatever legal violations they may have committed. This privilege is enjoyed by all members, directors, and shareholders, and no bank, creditor, or government agency may confiscate their assets.

Improved reputation and credibility

Public limited companies are preferred by large corporations, vendors, and governmental organizations over sole proprietorships and traditional partnerships.

Easy to raise funds

A public limited company in India can list itself on a number of stock exchanges and raise money from the stock market. A limited corporation has several alternatives for raising money from the general public, institutional investors, and bank loans.

Perpetual Succession

A perpetual succession corporate entity is a Public Limited Company. This indicates that the firm will continue to operate even if one or more of its shareholders, directors, or members pass away, retire, go insane, or become insolvent.

Increased business capital

The general public is welcome to purchase shares in a Public Limited Corporation. Therefore, anybody can invest in a public business that raises the proposed firm's capital.

Borrowing Capacity

A public corporation has access to an infinite number of avenues for borrowing money. By selling its shares, it can issue stock, debentures, and take deposits from the general public. Additionally, the majority of financial institutions believe public corporations to be more significant than other unregistered businesses.

Higher chances for the firm's development and expansion

Less risk creates higher chances for the company to expand by funding new initiatives with the money obtained by selling its shares in the market.

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10 Reasons to Choose Corpbiz

  • Successfully incorporated 500+ Public Limited Companies in India.
  • Solid Network of 50,000+ Lawyers/Attorneys/CAs/CPAs.
  • 800+ Fintech Licensing Experts with Decades of Experience.
  • Partner Base of 40,000+ Auditing and Law Firms Globally.
  • Experience of Resolving Tax Disputes worth over 2500 Crores.
  • Worked with over 30,000+ Entrepreneurs across the Globe.
  • AI-powered Service Delivery Platform ensuring Timely Support.
  • Dedicated Foreign Investment Desk with 200+ Client Representatives.
  • Maintained Consistency with 99.7% Client Recommendations.
  • 100+ Queries for LLP Incorporation in India Daily.

Our Services for Public Limited Company Registration

Elevate Your Business: Seamlessly Register Your Public Limited Company with Corpbiz

Plenty of services are provided by Corpbiz to make the registration of a public limited company as easy as possible. These services are intended to assist companies with every step of the procedure, from beginning paperwork to meeting regulatory requirements.

An outline of the public limited company registration services offered by Corpbiz is as follows:

Consultation and Advisory Services: To assist customers in comprehending the complexities of registering a public limited company, Corpbiz offers professional counsel and assistance. We provide advice on share capital structuring, regulatory needs, and the optimal legal structure.

Name Reservation and Approval: Corpbiz helps choose a suitable and available name for the business, making sure it conforms with legal requirements.

Necessary Paper Preparation: Corpbiz assists with the development and preparation of key papers, such as the Articles of Association and Memorandum, which are important to the organization's charter.

Application Submission: To ensure a seamless and error-free registration procedure, Corpbiz takes care of submitting the required paperwork and applications to the relevant government agencies.

Legal Compliance: We make sure that the business complies with all applicable rules and regulations, including the ones pertaining to capital and shareholder requirements under the Companies Act.

Share Issuance and Capital Structuring: To achieve the minimum capital requirements for a public limited company, Corpbiz helps with share issuance and capital structuring.

Stock market Listing: Corpbiz offers assistance on the extra criteria and steps involved in the listing process for businesses looking to list their shares on a stock market.

Continuous Assistance: Corpbiz provides continuing assistance and consulting services to make sure the business stays in compliance with all legal and regulatory requirements, even after registration.

Post-Registration Services: Corpbiz offers additional services to handle corporate governance, taxation, post-registration compliance, and other legal issues that can come up while your business is in operation.

Technology Integration: Corpbiz uses technology to expedite procedures so that customers may easily access their online services and monitor the progress of their registration.

Benefits of Our Services

The following are some of the main advantages of using Corpbiz's services for public limited companies registration and other relevant business needs:

Expertise and Knowledge: Corpbiz gives users access to a group of seasoned specialists who are well-versed in business formation, legal requirements, and associated services. Our knowledge guarantees a smooth and accurate registration procedure for you.

Time Savings: By hiring Corpbiz to handle the registration procedure, you can save a lot of time concentrating on your main company operations while we handle the necessary paperwork and legal requirements.

Legal Compliance: A vital component of our service is making sure that all relevant rules and regulations are followed. This dedication to legal compliance lowers the possibility that our business may face legal problems in the future.

Personalized Solutions: Corpbiz provides personalized solutions that meet our particular objectives and specifications by customizing their services to our particular company's demands.

Clear and Transparent Pricing: They provide competitive, clear pricing so there are no surprises or hidden costs. You will always know the exact amount up front.

Nationwide Reach: Corpbiz provides services to companies in different parts of India, irrespective of geographical barriers, by catering to clients throughout the country.

Technology Integration: Corpbiz uses technology to make procedures run more smoothly. You can quickly check the status of your registration and utilize our services online.

All-Inclusive Support: In addition to registering, Corpbiz offers many services, such as tax preparation, compliance, and legal counsel, guaranteeing that it can assist your company at every stage of its development.

Secrecy and Data Security: Corpbiz places a priority for maintaining the privacy and security of your important company data, making sure that it is treated with the highest care and security.

Ease of Doing Business: By working with Corpbiz, you may streamline the registration process for your company and post-registration compliance, which will make it simpler for your enterprise to operate legally.

Beyond registration, Corpbiz's services provide other advantages. With an all-inclusive package that includes legal compliance, advice, and continuous support, businesses can launch and run their operations with assurance and effectiveness.

Our Approach for Public Limited Company Registration

  • Keeping Abreast Of Regulatory Changes
  • Transparent Pricing Structure
  • Customized Packages
  • Competitive Rates

What Does Data Say About Us?

With an exceptional client approval rate of 99.9% and an equally excellent client satisfaction record, Corpbiz is a notable organization. With over lakh happy customers, Corpbiz is a new and expanding family. Corpbiz has made a name for itself as a very dependable global business partner for all enterprises. Corpbiz has a diverse group of professionals, including

  • 250 + Chartered Accountants, Company Secretaries, Lawyers
  • 500 + Public limited companies registered by our experts
  • 100 + Environment experts

Corpbiz guarantees exceptional competence across all areas. Additionally, Corpbiz provides environmental services. Sustainability and ecological issues are handled by Corpbiz experts. The excellent services offered by the professionals at Corpbiz are reflected in the 4.9 rating that Corpbiz has received from more than 50,000 clients. For all enterprises and companies looking for professional guidance and assistance, Corpbiz remains a very dependable choice.

Requirements for Registration of a Public Limited Company

The Companies Act of 2013 stipulates a number of requirements for the creation of a public limited company. It is difficult for a common person to determine the requirements that he is supposed to follow for Public Limited Company registration. Therefore, it is a must to have an experienced team like Corpbiz who can assist you with such matters.

What to consider while forming a public limited corporation is listed below

  • A Public Limited Company registration must have a minimum of 7 shareholders.
  • Forming a Public Limited Corporation requires a minimum of three directors.
  • A minimum of Rs. 1 lakh of authorized share capital is needed.
  • While submitting self-attested copies of identification and address verification, a digital signature certificate (DSC) from one of the directors is required.
  • A DIN is required for the prospective company's directors.
  • According to the Company Act and Rules, the company name must comply.
  • A Memorandum of Association (MOA), Articles of Association (AOA), and a properly filled out Form DIR 12 is required necessary papers.
  • It is necessary to pay the ROC the statutory registration costs.

Features of Public Limited Company Registration

Here are some important features of a Public Limited Company

Number of Directors in the company

As stated in the provisions of the Companies Act, a public company must have a minimum number of 3 directors to incorporate into a company whereas there is no restriction on the maximum number of directors.

Name of the Company

All the Public limited companies must add a Limited word at the end of their name. it is denoted as the identity of a public company.

Prospectus of the Company

The prospectus of the company is mandatory for the Public limited companies. It is issued by the proposed company for its general public. It is a note of comprehensive statements of the works and affairs of the company. However private companies have no such compliances as they don't have the right to invite the public for their shares.

Paid-up Capital

As per the requirements of the act, no minimum capital is required for the registration.

Necessary Papers Required for Public Limited Company Registration

Our expert will be collecting all the below-mentioned necessary papers for you and file them along with the Public Limited Company Registration incorporation application:

  • Identity Proof such as Aadhar card, Driving License, PAN card, and Voter ID of all the directors and shareholders who are designated to perform such position.
  • Address Proof of the proposed shareholders and directors
  • Director's and Shareholder's PAN card details
  • Utility bills such as telephone, electricity bill, water, gas, etc. of the registered office as residential proof of place of business. The bill should not be older than 2 months.
  • An NOC or No Objection Certificate from the landlord of the business place.
  • DSC or Digital Signature Certificate of the designated directors
  • Memorandum of Association (MOA) and Article of Association (AOA).

What is the Public Limited Company Registration process?

Public Limited Company registration requires certain steps to be followed and this is where Corpbiz steps in. We assist our customers at every step of Public Limited Company registration to make the process easy while ensuring that all the regulations and government rules have been duly complied. Therefore, here are the steps that are followed during Public Limited Company registration:

Step 1: Obtain DSC and DIN

One of the first things to do is to get the director's DSC (Digital Signature Certificate). Digital and electronic signatures both require the same data.

Every potential director of a company is furthermore required to apply for a Director Identification Number (DIN). The MCA has streamlined the process by filling out the SPICe form.

Our experts will follow the procedure established by the Ministry of Corporate Affairs and will obtain the DSC and DIN as soon as possible. As you can start the Public Limited Company registration only after getting these important necessary papers.

Step 2: Submit the company name

The following step is to check the Ministry of Corporate Affairs (MCA) website to discover if the chosen company name is already taken. Selecting MCA services and checking for name availability come next after accessing the MCA portal. However, the proposed name cannot be the same as an already-registered trademark or service mark.

It is crucial to select a name that has not been already registered as a trademark or company name of any organisation, otherwise, your registration may get cancelled. To ensure that this doesn't happen, we help our customers in selecting a unique name that has not been used by any other business.

Step 3: Submitting the SPICe+ form

Applicant may submit the SPICe+ form to obtain a Certificate of Incorporation after the proposed name has been authorized. The necessary paper works, such as a Memorandum of Agreement and Articles of Association, must be submitted with the application.

You can leave this to us, you just need to submit all the required necessary papers and it is the duty of our experts to submit the complete application along with all the necessary papers to get the Public Limited Company registration done in a very short span of time.

Step 4: Certificate of Incorporation

Once an entity's incorporation necessary papers have been received, reviewed, and authorized by the relevant authorities, a Certificate of Incorporation is issued. This includes the company's CIN (Corporate Identification Number) and the incorporation date. Once you get the Certificate of Incorporation, your company has been duly registered with the ROC.

Step 5: Obtaining a PAN and TAN

Once the business obtains its COI (Certificate of Incorporation), we will submit an application to the Ministry of Corporate Affairs (MCA) for the issuance of the business's Permanent Account Number (PAN) and Tax Deduction Account Number (TAN Registration) on behalf of the members and directors.

Step 6: Create a new bank account

By providing the PAN card and the COI to the bank, it is now simple for the company's members to open a savings account in the company's name.

What is the difference between the Public limited Company and Private Limited Company?

There are various points of differences between both these companies. Here are some chief differences between both

Point of difference

Public Limited Company

Private Limited Company

Members

Minimum: 7

Maximum: No Limit

Minimum: 2

Maximum: 200

Directors

Minimum: 3

Minimum: 2

Public invitations

Yes

No

Minimum Capital Income

No

No

Issuance of Prospectus

Required

Not Required

Name differences

Must have "Limited" at the end of its name

Must have PVT LTD at the end of its name

Mandatory Statutory Meeting

Yes

No

Managerial Remunerations

There are no as such restrictions

Cannot exceed the limit of 11/% of the net profit

Stock Exchange

Is listed on stock exchange and stock trade is carried out publicly.

Not listed on stock exchange neither carry out stock trade publicly.

Annual Compliances for a Public Limited Company

There are a lot of annual compliances that a Public Limited Company must follow. As a part of regular, companies must comply with certain rules, fill out numerous forms, etc. These compliances vary for listed and unlisted companies

Unlisted Company

Every unlisted Private Limited Company must follow the following annual compliances

  • Board meetings
  • Appointment of Cost Auditor
  • Return of Deposits
  • Appointment of CFO, CS or CEO
  • Annual General Meeting
  • Director's Disclosure

Listed Company

Every listed Private Limited Company must follow the following annual compliances

  • Annual General Meeting
  • Financial Statements
  • Annual Return
  • Financial and Director's Report
  • Secretarial Audit Report

Why Public Limited Company Registration is important?

If you want to start a company that has the potential to develop and expand significantly, registering as a Public Limited Company is essential. A PLC is a particular kind of business that is permitted to sell its shares to the public, allowing it to raise money from several investors.

A public limited company is a shareholder-owned business with limited liability. Since it is permitted to sell its shares to the general public, it may raise money from a large number of investors. A PLC's shareholders' liability is limited to the money they have invested in the business, and they are not held personally responsible for any of the company's obligations.

  • A public limited company offers more transparency, simplicity of shareholder transfers, and the capacity for any number of members.
  • An initial public offering (IPO) is the process by which a company sells all or a portion of its assets to the public, granting shareholders a claim to a portion of the business's revenues and assets.

To get high financial exposure to source funds from the public as equities, debentures, or deposits, whether you want to move forward with an IPO now or in the future, forming a Public Limited Company is crucial.

How Corpbiz help you to get Public Limited Company Registration?

Registering a public limited company is subject to many legal restrictions, therefore, caution is advised. The possibility of an application being rejected might be increased by even the smallest error in the paper works or application procedure. This is when expert assistance is required. At CorpBiz, we make sure the customer requesting Public Limited Company registration is kept informed at every stage of the procedure. Our knowledge would enable you to register without difficulty. Here is how Corpbiz can provide you with the best possible assistance for registering a public limited company:

  • A thorough analysis of the client's business and its operations is carried out by our specialists.
  • Our professionals are dedicated to organizing the pre-registration deliverables, and we make sure to start the paper works process as soon as feasible.
  • Addressing registration procedures and necessary paper submissions with the relevant authority.
  • You may also get help from our qualified specialists regarding relevant post-incorporation compliances.

Why Contact Corpbiz?

Corpbiz has been serving its clients since last many years and here are the perfect reasons that will tell you why you should contact Corpbiz for Public Limited Company registration in India:

  • Corpbiz has already served 100,000+ clients worldwide.
  • We have received a customer rating of 4.9+, and with this, you can determine the kind of service satisfaction we provide for our customers.
  • Everyone wants an experienced individual to perform their entire registration and compliance. We are proud to announce that we have a team of 1000+ CA/CS/Lawyers and Engineers who are always ready to cater for the needs of customers and are working hard to satisfy clients.
  • Moreover, Corpbiz and our experts are among the top 1% of industry professionals.

Frequently Asked Questions

A public limited company (PLC) is a business that has shareholders as owners and directors as managers. Stocks are available for public purchase, and the majority distribute dividends once or twice a year. A private limited company (Ltd) is restricted to a maximum of fifty shareholders and does not have its shares publicly traded.

If a specific resolution to that effect is approved, certain requirements are satisfied, and an application for re-registration is submitted to the registrar of companies together with other necessary papers, a private limited company may be re-registered as a public company.

The opportunity to generate more funding through share capital is one benefit of being a PLC. The responsibility of the stockholders is restricted, there are more price-negotiation chances with suppliers since larger companies can benefit from economies of scale.

Private limited companies often need to incorporate limited or ltd, whereas public companies must show PLC after their name. Certain private businesses could be free from this, for example, if they are also registered charities.

A public corporation is a PLC. Private limited corporation (LTDs), which are private businesses, exist in the meanwhile. A private limited corporation does not sell its shares to the general public.

Corporations incorporated under the Indian Companies Act are public limited corporations. They are thought to be different from their owners and have a separate legal identity. The 'shareholders' or 'stakeholders' of a public limited company are the organization's owners.

A company that is owned by shareholders and run by directors is known as a public limited company. The general public may purchase shares from a public limited business.

A corporation that is listed on a reputable stock exchange and whose shares are traded publicly is referred to as a public limited company. A corporation that is not listed on a stock market and whose members hold the shares privately is referred to as a private limited company.

The public limited company's owners are its shareholders.

The entity's ownership is divided up into a number of units called equity shares. The minimum number of shareholders is 7. Therefore there should always be at least 7 different owners. The number of shareholders in public limited businesses is not capped at a certain level.

A privately held business organization is a Pvt. ltd. firm. The maximum number of shareholders should not exceed 200, and ownership is retained secretly by the shareholders.

An organization that sells its shares and allows unrestricted trading on the principal and secondary stock exchange markets is referred to be a public listed company.

The distinction between a public corporation and a listed firm is extremely clear. A public firm must register with the stock market before going public to raise money, and after it has done so, it is then referred to be a listed company.

Some businesses choose for a direct listing, in which no new shares are formed and only the currently outstanding shares are sold without the involvement of underwriters, as opposed to the initial public offering (IPO) that many businesses select, in which new shares are created, underwritten, and offered to the public.

In addition to not meeting the requirements to be listed, a public company may decide not to be listed on a stock exchange for a variety of reasons, such as the fact that it is too small, does not seek public investors, or has insufficient shareholders to warrant listing.

  • Obtain DSC and DIN
  • Submit Company Name
  • Submit SPICe+ Form
  • Certificate of Incorporation
  • Obtain firm PAN and TAN

Corpbiz will help you in starting a public limited company in India by following all the compliances. Forming a public limited corporation requires a minimum of three directors. A minimum of INR 1 lakh in authorized share capital is needed. While submitting self-attested copies of identification and address verification, a digital signature certificate (DSC) from one of the directors is required.

A public limited company that complies with the rules of the Companies Act of 2013 and has been registered. Members of limited corporations registered in India can profit from limited liability, and these businesses are also allowed to raise money from the public by issuing shares.

The process of registering with a public company is difficult since it calls for the right paperwork. Therefore, you will require the help of experts. The Companies Act, 2013 requirements must be adhereTd to more strictly in the Public Company's operations.

A public limited company must have seven shareholders in order to be incorporated. The bare minimum needed to establish a public limited corporation is three directors. a share capital requirement of INR 5 lakhs.

The experts at Corpbiz will submit your application to the Ministry of Corporate Affairs for starting a new private limited company in India. The application can be submitted remotely using the website of MCA online. A Director Identity Number (DIN), and a Digital Signature Certificate (DSC), among other things, are required for registration.

The minimum capital required to start a public company is INR 5 lakhs.

While other business forms like Partnership Firms, Private Limited Companies (PLC), Limited Liability Partnerships (LLP), and Public Companies need two or more people to partner with and manage a firm, OPC permits a single person to own and control the business.

A joint stock company that is not private and their shares are listed on a stock exchange is known as a public limited company. A privately held business is one that is not publicly traded and does not have its shares listed on any stock market.

  • Increased Capital Access
  • Shares' ability to be transferred
  • A legal entity
  • Credibility
  • There is little risk involved
  • Opportunities for growth
  • More compliance and regulations
  • Control loss

The primary goals of a public limited business are to maximize profit and provide shareholders with a healthy return on their investment.

A Public Limited company in India is required to have a minimum of 3 directors as per Section 149 of the Companies Act, 2013. A company is also limited to a maximum of 15 directors. However, a firm may appoint more than the permitted number of individuals by a special resolution.

Private companies are defined in Section 2(68) of the Companies Act of 2013. According to that definition, private corporations are businesses whose bylaws restrict the transferability of shares and forbid general public subscription.

  • Voter Identity Card
  • Passport
  • Driving License
  • Ration Card
  • Electricity Bill
  • Aadhaar Card
  • Telephone Bill

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