How to Register a Public Limited Company in India?
For registering a public company, a minimum of 7 shareholders and 3 directors are required. Shareholders could be individuals, companies or LLPs, but only individuals can become directors of the company. A director need not be a shareholder of the company and shareholders need not necessarily be the directors also.
Shareholders / Members are the persons holding shares in a company. Directors of company are responsible for the management of the company affairs and legal compliance under various laws. Directors are normally appointed by shareholders. Indian company laws specify that only an individual can be appointed as a director of a company.
Today, Public Limited Company registration process and other regulatory filings are paperless; documents are filed electronically through the MCA website and are processed at the Central Registration Centre (CRC).
Company Registration process is completely online. Upon completing all registration formalities, the Registrar of Companies’ issues a digitally signed Certificate of Incorporation (COI). Electronic certificates issued by the ministry can be verified by all stakeholders on the MCA website itself.
Incorporating a company is a systematic process of collection and submission of details required as per the requirements of Companies Act 2013 and as per the process defined by the Ministry of Corporate Affairs from time to time. Management of the process requires in-depth knowledge of legal requirements and not to mention, practical experience of the same.
Registration of Public Limited Company is simple with BookMyTM
The process of Public Limited company registration in India is revamped by MCA, effective from 26th January 2018. Now, registration of the Public Limited Company can be completed within 12 – 20 business days. BookMyTM employs qualified company secretaries and chartered accountants, who ensure highest customer satisfaction and timely delivery of service.
Benefits of Public Limited Company
Limited Liability: The liability of members is limited to the extent of the amount remaining unpaid on shares.
More Preferences by Banks: The banks give more preference to Public Limited Companies when it comes to offering Loans in comparison to any other business structures.
Transfer of Share: Shareholders are allowed to transfer or sell their shares with ease.
Listing in the recognized Stock Exchange: By following compliances, a Public Limited Company can easily list its shares on a Recognized Stock Exchange.
Perpetual Succession: The existence of a Public Limited Company will not be affected by the death, retirement, insolvency and insanity of any member due to the future of Perpetual Succession.
Improved Capital: As the general public is invited by the way of prospectus to buy or to subscribe to the company’s share lead to improve capital of a Public Limited Company.
Fewer Risks: As a public limited company is allowed to sell its shares to public, leads to a reduction in the scope of unsystematic risks of the market.
Register a Public Limited Company in India
Documents Required Registering a Public Limited Company in India
- PAN Card PAN Card of all the Directors and Shareholders
- Identity Proof Voters ID/ Passport/ Driving License of all the Directors and Shareholders
- Address Proof Electricity / Water/ Gas bill/ Bank Statement of the Directors and Shareholders
- Passport Foreign Nationals if any in Directors and Shareholder must provide a valid passport.
- Photograph Passport size photograph of all Directors and Shareholders
- Business Address Proof Electricity / Gas bill of the registered office
- NOC from Owner NOC from registered owner of the office building.
- Rent Agreement Rent Agreement of the office building if it’s a rented office.
- Notarization In case of NRI or Foreign National, documents of director (s) must be notarized
Build a Unique Identity
Identification plays an important role in making a business outstand in competitive market, build a unique and distinctive name for your business hence enhance your brand’s trust and value. Consumers should identify activity of your business from the brand name so that they can relate your business with its offerings.
Even though it meets all the above criteria, once again make sure that the brand name to be short, easy to remember and simple to pronounce or spell.
Constitution Type
Name of the Public Limited Company must end with “Limited” (Ltd) as a suffix
Register Online
Register Your Public Limited Company in 3 Easy Steps
- Fill up the registration form
Select any package suits your requirement
Fill up the form which will take less than 10 minutes
Make payment through secure payment gateway.
- BookMyTM is Here to Help
Your queries will be answered quickly and effectively
Provide details & upload documents required for Pvt. Ltd Company registration
Procurement of Digital Signatures (DSC)
Application for company name registration
Documents drafting including MOA and AOA
Certificate of Incorporation
Application for PAN and TAN
- Your Public Limited Company is incorporated.
All it takes 15 to 20 working days*.
*Subjected to Government Processing Time.
The Process of Registering Public Limited Company Online
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Day 1 – 2
Collection of Information
Collection of required documents (Scanned copies)
Review of documents and information provided
Application for Digital Signature (DSC)
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Day 3 – 8
Checking the availability of Name
Finalizing the name with the directors
Drafting MoA, AoA & Other required documents
Review and confirmation form directors
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Day 9 – 12
Name Reservation under SPICe
Filing company registration application
DIN allotment application
Application for PAN and TAN of company
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Day 12 - 15
Name reservation application under SPICe
Filing company registration application
DIN allotment application
Application for PAN and TAN of company
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Day 15 – 20
Your Public Limited Company is incorporated.
All it takes 15 – 20 working days*
*Subjected to Government Processing Time
Enquiry
FAQ
How many Directors and Shareholders are needed to incorporate a Public Limited Company in India?
A minimum of 3 Directors and 7 Shareholders are needed to incorporate a Public Limited Company in India.
Can an NRI or a Foreign National become a Director in a Public Limited Company in India?
Yes. An NRI or a Foreign National can be Director in a Public Limited Company in India with prior approval from Ministry of Corporate Affairs.
What is Directors Identification Number (DIN)?
Directors Identification Number (DIN) is an identification number issued by the Ministry of Corporate Affairs, Government of India, to Directors of a company or Designated Partners of an LLP.
Is a Public Limited Company need to hire a full time CA or CS?
No. You have to meet time to time compliances for which you may need the help of a CA (Charted Accountant) and CS (Company Secretary). BookMyTM provides Annual Compliances Packages, by subscribing the same you will get right and timely advice. Services of a CA and CS are available with the packages.
How to Obtain a DIN?
New DIN will be allotted to a Director / Designated Partner while registering a Company or LLP. Also, a Company / LLP can apply for a DIN for a proposed Director / Designated Partner.
Who can become a Shareholder / Director in a Public Limited Company?
Shareholders could be Individuals, Companies or LLPs, but only individuals can become directors of the company.
What is Memorandum of Association (MOA)?
MOA is the charter document of a company. A company is created by registering a memorandum. MOA contains the name of a company, the state in which the registered office of the company is located, objectives, and its authorized capital. The MOA will be subscribed by the initial promoters of the company in their own handwriting. They will also have to write their name, father’s name, residential address, occupation and the number of shares they agree to subscribe in the company. The MOA should also bear the signature of the witness who knows the subscribers.
What is Articles of Association (AOA)?
AOA contains rules and regulations for the management of a company’s internal affairs and conduct of its business. It defines the relationship of company between its members and directors and relation between members and directors. It also describes powers of directors. Further, the AOA describes the rights and duties of its members as well as the duties and responsibilities of its directors. In case of a private limited company, the AOA will contain the restrictions of transfer of shares, if any. Also, AOA usually contains the names of first directors of a company. The AOA will be subscribed by the initial promoters of the company in their own handwriting. Promoters will have to write their names, father’s name, residential address, and occupation. The AOA should also bear the signature of the witness who knows the subscribers.
What are Authorized Capital and Paid-up Capital?
Authorized capital shows the maximum amount of capital that a company can raise by way of issue of shares at present or in the future. Whereas, the Paid-up Capital refers to the actual amount raised by a company i.e.; amount paid by the shareholders on the issuance of shares. One can register a company in India by any amount of paid-up capital which can be less or equal to the authorized capital but not exceeding the authorized capital.
How a Public Limited Company raises its Capital?
A Public Limited Company can raise its capital either by selling the shares to already existing members or by offering new shares to the public.
Who is the owner of a Public Limited Company?
The Shareholders or Members of a Public Limited Company are considered as the owners of the company.