Public Limited Company

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Overview

A Public Limited Company is a form of organization recognized under the Companies Act, 2013. It is a business model where ownership is distributed among general investors, and the company’s shares are openly available for trading on recognized stock exchanges. This structure enables the company to generate capital from the public by offering equity.

To incorporate a Public Limited Company in India, there must be at least seven shareholders and three directors. There is no restriction on the highest number of shareholders allowed. The financial responsibility of each shareholder is restricted to the extent of their investment, ensuring that their personal belongings remain unaffected in case the company incurs losses or debts.

Such a company is governed by a Board of Directors, appointed by the shareholders, and it must operate in accordance with the legal and regulatory framework established by Indian authorities.

In essence, a Public Limited Company is a viable and strategic choice for businesses aiming to raise public funds—through instruments like an IPO—and strengthen their presence across diverse sectors in India.

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Minimum Requirements

New & Unique Name

In view of name guidelines under the Companies Act, 2013, you must have a new and unique name.

Minimum Seven Persons

Register your company with at least 7 persons to act as the initial shareholders.. Minimum director required is 3 which can’t exceed 15 directors.

Registered Address

Company Premises can either be owned or rented.

Capital Requirement

Minimum capital requirement for a public limited company in India is Rs. 5 lakhs, as per the Companies Act, 2013.

Advantages

Independent Legal Identity

A Public Limited Company has its own legal identity, distinct from its shareholders, allowing it to hold property and sign agreements in its own name.

Limited liability of Shareholders

Since the company is a separate entity, any financial obligation is confined solely to the value of the shares the shareholders have subscribed to.

Perpetual Succession

Perpetual succession ensures that the company remains in existence over time, regardless of any changes in ownership or management.

Fund Raising

Through the issuance of shares to the public, a Public Limited Company can raise significant capital. This enables investment in expansion, product development, and strategic business initiatives.

Professional Management

A Public Limited Company can appoint experienced professionals to manage its operations, bringing valuable expertise and leadership that support growth and strategic expansion.

Transfer of Ownership

Public Limited Company shares can be easily bought or sold, making it simple for shareholders to transfer ownership or exit the company when desired.

Brand Value and Public Perception

A Public Limited Company is a recognized corporate structure and is generally viewed as more credible and reliable compared to other business forms.

Corporate Standing

A Public Limited Company is required to follow important legal guidelines, such as submitting annual reports, holding yearly meetings, and keeping proper financial records, which promote transparency and accountability.

Your Takeouts

DIN for 2 Directors

DSC for 2 Directors

Certificate of Incorporation (CIN)

Memorandum of Association and Article of Association

E- PAN of Company

E- TAN of Company

Professional Tax Registration ( In Maharasthra )

GST Registration ( If required seperately chargeble )

Shop and Establishment Registration

Compliances

Transparency, accountability, and protecting stakeholder interests all start with timely compliance. Our team ensures your regulatory filings are handled smoothly and efficiently. These compliance obligations typically fall into four key categories. Want to stay ahead and compliant? Reach out to our expert startup consultants for tailored guidance.

One Time Compliances

Post-incorporation, companies are required to complete certain one-time formalities such as appointing the first statutory auditor, filing a declaration to commence business, and issuing share certificates to shareholders

Event Based Compliances

Change of Directors, Change of regd. Address,Allotment of shares etc

Regular Compliance

Accounting , Tax Filing , Maintenance of records and registers etc

Annual Compliance

ROC Annual filing, Audit of financial statement, ITR filing etc