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Public Limited Company Registration

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About Public Limited Company Registration

A Public Limited Company is formed following the rules of the Companies Act of 2013. A member of a Public Limited Company benefits from Limited Liability. Additionally, by issuing shares in exchange for cash, this corporate structure enabled it to raise funds from the general public. A minimum of three directors and seven members are therefore required for the registration of a public limited company. Section 2(71) of the Companies Act of 2013 includes a definition of a PLC. The least sum is often not required for the registration of a Public Limited Company under the Companies (Amendment) Act, 2015.

 

Furthermore, in comparison to a Private Limited Company, the laws and regulations of a Public Limited Company are more strict. Nonetheless, it is thought to be a superior way of doing business with a private company. TATA Steel Limited, Reliance Communications Limited, and other well-known instances of Public Limited Companies. 

 

Count on Law Suvidha, and allow us to assist you in Registering Public Limited Company seamlessly in India!

Benefits of Public Limited Company

Public Fund

A public limited company may offer its shares publicly through an IPO (Initial Public Offer) or a public issue.

Raise Capital

When the public limited company publicly issues shares, it can raise additional capital. Anyone can invest in this case. If the amount of funds is greater, it will be helpful to the firm and will enhance its operations as well as structure.

Growth and Expansion

Registering as a public limited company is the best decision for the business’s growth and expansion. As a public limited corporation, it has the ability to raise capital from the general public and invest in fresh and significant projects.

Listed in the market

The public limited company has the option of being listed on the market. It can list its shares on a recognised stock exchange and enjoy market benefits.

Perpetual Succession

The public limited company has Perpetual Succession, which means that it will continue until the date of formal winding up, regardless of the death, retirement, or insolvency of the members or shareholders.

Less Risk

In the event of a public limited company, it can minimise market risk by selling its shares in the market.

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Documents required for the registration of a Public Limited Company

  • Memorandum of Association (MOA)
  • Article of Association (AOA)
  • PAN card (including all the members and shareholders of the company).
  • Identity Proof (all the members and shareholders that include Voter ID, Aadhaar Card, or Driving Licence).
  • Address Proof (all the members & shareholders that include Aadhaar Card, Electricity Bill Copy, or Telephone Bill).
  • Passport size photograph (all the directors).
  • Director Identification Number (DIN)  (all the directors).
  • DSC (Digital Signature Certificate) (director).

 

Address Proof (proposed registered office premise). 

*In case of your own property, submit a property ownership document. In case of rented property, then a rent agreement and NOC  (No Objection Certificate) would be suffice.

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What People Say About Us

Excellent service and has been very timely in response. They are very patient too and guided us with the right steps even though we approached them with very few days left before the deadline. I highly recommend them to other startups who need legal advice and do all the paperwork at the year-end. And we would approach them for all our future requirements as well.
Vijaya Employee
Great services and expertise. Highly recommended, Quick work and provided good support for the entire process. Made things very easier for us and I got my first ever Trademark for my product in just no time. I recommend their services to all the Startups for a hassle-free registration and other services. Again Thank You So Much Team Legal Suvidha... Good work...
Rajesh SrivastavaStartup CEO
We highly recommend them. Best in class services. Thank you for helping me through the process and for prompt replies. All the Best in your Endeavors. We highly recommend them. Best in class services. Thank you for helping me through the process and for prompt replies. All the Best in your Endeavors. I will surely consider them for future work.
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"I highly recommend Law Suvidha for all of your accounts and legal services needs. The team at Law Suvidha is professional, knowledgeable, and efficient. They helped me navigate the legal and accounting aspects of setting up my business and were always available to answer any questions or concerns I had. I have complete trust in their expertise and will continue to use their services in the future."
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"As a small business owner, it's important to have a team of professionals that you can trust to handle all of your accounts and legal services. That's why I rely on Law Suvidha. The team at Law Suvidha is knowledgeable, efficient, and always available to answer my questions and provide guidance. They have helped me navigate the legal and accounting aspects of running my business and have played a crucial role in helping my business grow and succeed. I highly recommend Law Suvidha to any business owner looking for expert and reliable services."
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"If you're a business owner in need of expert and reliable accounts and legal services, look no further than Law Suvidha. The team at Law Suvidha has been an invaluable resource for my business, providing professional and knowledgeable guidance on all legal and accounting matters. They are always available to answer my questions and go above and beyond to ensure that my business is in compliance with all relevant laws and regulations. I highly recommend Law Suvidha to any business owner in need of top-quality services."
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Frequently Asked Questions (FAQ)

 

The Memorandum of Association (MOA) is one of the company’s most crucial papers. It includes the following information about the company:

  • The company’s name.
  • The address of the company’s registered office.
  • The company’s approved share capital, etc.

 

The company’s Memorandum of Association (MOA) is digitally subscribed by the promoters and will be attested by the subscriber as a witness. MOA subscribers cannot change their information throughout the company’s lifespan; however, changes in ownership and directors may be made under the Companies Act 2013.

Article of Association (AOA) is a document containing the following information about the organisation:

 

  • The company’s rules and regulations.
  • Members’ rights and duties.
  • The company’s directors’ rights, obligations, and responsibilities
  • The authority of directors.
  • The company’s mission/goals.
  • Provisions regarding the shareholder meeting, etc.

 

AOA also specifies the connection between the company and its directors, along with the relationship between the directors and the members. The company’s Articles of Association (AOA) are digitally subscribed by the promoters and will be signed by the subscriber as a witness. The information of the subscribers in AOA cannot be modified throughout the company’s lifespan, despite changes in ownership and directors can be made at any moment under the terms of the Companies Act 2013.

As the name implies, paid-up share capital is the capital issued by a company to its members or shareholders to raise capital. The amount of paid-up share capital will not exceed the amount of authorised and issued share capital.

The authorised share capital is the capital the company can issue during its lifetime. It is the maximum amount of capital a company can issue during its lifetime.

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