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A public limited company is a popular corporate structure in India for businesses that aim to raise funds from the general public. Governed by the Companies Act, 2013, public companies offer transparency, limited liability, and credibility, making them a preferred choice for medium- to large-scale businesses.
Obtain Digital Signature Certificate (DSC)
Apply for Director Identification Number (DIN)
Reserve the Company Name MOA & AOA
Prepare Incorporation Documents
Submit the Incorporation Application
Obtain the Certificate of Incorporationn
1. Obtain Digital Signature Certificate (DSC):
Directors must acquire DSC for electronic submissions.
2. Apply for Director Identification Number (DIN):
All directors need a DIN to manage company affairs.
3. Reserve the Company Name:
File an application via the SPICe+ portal for name approval.
4. Prepare Incorporation Documents:
Draft the MoA and AoA, which define the company’s objectives and operational framework.
5. Submit the Incorporation Application:
Use the SPICe+ form to file incorporation documents with the Registrar of Companies (RoC).
6. Obtain the Certificate of Incorporation:
After approval, the RoC issues a Certificate of Incorporation, marking the company’s legal existence.
A Public Limited Company is a business entity that operates as a separate legal entity and allows public investment through share issuance. It provides limited liability protection to its shareholders and is governed by the Companies Act, 2013.
A minimum of 3 directors is mandatory, but there is no upper limit on the number of directors. At least one director must reside in India.
A Public Limited Company requires at least 7 shareholders to establish, and there is no cap on the maximum number of shareholders.
Compliance involves filing annual returns, holding annual general meetings (AGMs), statutory audits, maintaining proper accounting records, and adhering to regulatory requirements by the Registrar of Companies (RoC).
Although there is no specific minimum capital requirement, businesses must declare an authorized capital sufficient to meet their operational and financial obligations.
Yes, foreign nationals can become directors, but the company must have at least one Indian resident director to comply with Indian regulations.
Yes, a Digital Signature Certificate (DSC) is essential for filing documents electronically with the Ministry of Corporate Affairs (MCA).
The Director Identification Number (DIN) is a unique number issued to individuals who wish to become directors in an Indian company. It is mandatory for all directors.
The company name is reserved by submitting an application through the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form. The name must adhere to naming guidelines.
The Certificate of Incorporation is a legal document issued by the RoC that certifies the company's registration and existence as per Indian laws.
Directors need to provide their PAN (for Indian nationals), passport (for foreign nationals), address proof (utility bill or bank statement), and passport-sized photographs.
Yes, the company must have a physical address in India as its registered office for official correspondence and record maintenance.
Yes, in a Public Limited Company, shareholders can freely transfer their shares to others, providing liquidity and flexibility.
Public Limited Companies are regulated by the Ministry of Corporate Affairs (MCA), the Registrar of Companies (RoC), and the Securities and Exchange Board of India (SEBI) for listed companies.
The Memorandum of Association (MoA) outlines the company’s objectives, while the Articles of Association (AoA) define the rules and regulations governing internal operations.
Typically, the process takes 10–15 business days, depending on document verification and approval by the RoC.
No, additional compliance with SEBI regulations is required before issuing shares to the public. Approval may take additional time and procedures.
SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) is an integrated online form used for name reservation, incorporation, and obtaining statutory registrations such as PAN and TAN.
Yes, by altering its MoA and AoA and obtaining shareholder and regulatory approval, a private company can convert into a public limited company.
Non-compliance can result in monetary fines, disqualification of directors, and legal action against the company, depending on the nature and severity of the violation.