Public limited company registration is one of the necessary steps before establishing a public limited company. This will help you to run and grow your business on a large scale. With the help of this registration in India, you can transfer one share to another. This will help you to raise a large capital amount which you can invest in your business structure. It has perpetual existence; if any shareholder dies, then you would pass his share to another. PLC has no limit on members and more transparency.
So, to apply for the Public Limited Company Registration in India, you can connect with the experts of Udyamita Helpline. We will guide you and provide you with the best as per your company’s requirements.
For more understanding, dive deep and understand the basic terms of a Public limited company.
What Is a Public Limited Company?
Public Limited Company regulated under the Companies Act, 2013. If you want to start a business, then you should prefer a public limited company. You can offer its shares to the general public in/ initial public offering(IPO). It can raise capital from many investors. It also has a limited liability private limited company’s shareholders are only liable for the limited liability amount of money that they have invested. If you want to do a startup, then you should prefer PLC because you can easily expand it on a large scale.
Why Do You Need Public Limited Company Registration?
As we discussed before, a public limited company has various abilities, such as limited liability, access to capital, and it can change its shareholders when they pass away or want to discontinue. Once you register your public limited company, nobody can infringe on you. If anybody does, then you can sue him in the court of law under the Companies Act, 2013. Besides, after getting public limited company registration, your company will become credible & enhance goodwill.
How Do I Register For a Public Limited Company?
As you know, the government has launched a portal called the Ministry of Corporate Affairs (MCA), where you can do public limited company registration. The public limited company registration process is completely online. The following steps are given below:
Digital Signature Certificate (DSC)
Due to the online process, a DSC will be required for public limited company registration. While filling forms on the MCA portal then you need to obtain DSCs of all directors along with subscribers of the memorandum and articles of association.
Director Identification Number (DIN)
DIN is a unique identification number for those persons who intend to become a director. It is required when applicants are filling out the form on the MCA portal, along with name and address proof.
Registration on the MCA portal
To register your company on the MCA, you need to fill out the SPICe + form and also need to submit the required documents. In addition, directors also have to register on the MCA portal. Once the public limited company registration is completed, then directors will access the MCA portal services, which comprises filing e-form along with viewing public documents.
Certificate of Incorporation
Once an applicant applies PLC, along with the required documents. The Registrar of Companies (ROC) will verify the application. If he finds it correct, then he would issue the certificate of Incorporation. After obtaining a certificate of incorporation from the ROC, applicants can apply for the certificate of commencement of the business on behalf of the company.
What Documents are Required For Public Limited Company Registration?
Public Limited Company GST registration documents are given below:
- Proof of identity of all the shareholders and directors.
- Proof of address of all the directors and the shareholders.
- PAN number of all the shareholders and directors.
- Utility bill of the proposed office, i.e,. Proposed registered office for the company.
- A NOC (No Objection Certificate) from the landlord where the office of the company will be situated.
- Director Identification Number (DIN) of all the directors.
- Digital Signature Certificate (DSC) of the directors.
- Memorandum of Association (MOA).
- Articles of association (AOA).
Note: Our Udyamita Helpline expert team will assist you step by step in registering your company. Our team will ensure your company’s growth.
What Are The Benefits Of Public Limited Company Registration?
There are various benefits, such as limited liability, initial issuance of shares to the public for raising capital. Besides these, public limited company registrations are given below:
- Limited Liability: That means PLC’s shareholders are not liable to pay debts with their own assets. Shareholders are only liable for the limited liability amount of money that they have invested in capital.
- Credibility: Public limited company recognized under the Companies Act, 2013. It ensures customers’ safety and their rights are secured under the Companies Act, 2013. The reason is that it is more reliable than other companies.
- Perpetual Existence: Public limited companies have many shareholders. If any shareholder wants to discontinue or pass away, their shares pass to another shareholder; that is why the PLC is called perpetual existence.
How Do You Become A Public Limited Company?
If you are willing to start a public limited company. The first step is to register every director on the MCA portal along with the entity under the Companies Act, 2013. Additionally, once your company is established as a public limited company, you will become credible and more reliable in the marketplace. In addition, you can deal with big contractors. The Companies Act of 2013 allows you to sue someone in court if they violate your intellectual property. The Udyamita Helpline team will assist you with registering your business as quickly as possible and will guarantee its growth while managing all private limited company registration procedures, allowing you to concentrate solely on the growth of your enterprise.
What Is The Minimum Limit For The Public Limited Company?
Public limited company registration three requirements are given below:
- A PLC must have a minimum of 7 shareholders.
- PLC must have 3 directors.
- PLC must have Rs. 5 lakhs.
What Is The Maximum Limit Of a Public Company?
In India, there is no limit on the maximum number of members in Public limited companies along with invested capital.
Why Refer to the Udyamita Helpline For Public Limited Company Registration?
Every aspect of company registration is a specialty for our Udyamita Helpline team. We’ll help you out step by step. Our staff won’t allow you to feel uncomfortable during challenging operations. The Udyamita Helpline team will assist you with registering your business as quickly as possible and will guarantee its growth while managing all private limited company registration procedures, allowing you to concentrate solely on the growth of your enterprise.
FAQs
What are the Legal Requirements To Start A Public Limited Company?
As we discussed above in Public Limited Registration, it is mandated to have 3 directors. Minimum authorized share capital of Rs. 1 lakh is required, and also need DSC of each & director.
How Much Time Is Required To Establish A Public Limited Company?
It takes 12-18 days. As you know, the government has launched a portal called MCA where applicants register their entities without any problem. Applicants can easily register their public limited company online.
Do I Need An Office To Start A Public Limited Company?
There is no need for an office. If you want to start a PLC, then you just need an address in India where the registered office of the Company will be situated.
