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All You Need to Know

Understanding a Public Limited Company

A Public Limited Company in India is a voluntary association of members that possesses a separate legal existence, and the liability of its members is limited. Such a company can either be unlisted or listed on the Stock Exchange. Public Limited Companies have a broad array of options to raise funds, including bank loans, public offerings, and institutional investments.
Public Limited Companies boast several advantages over Private Limited Companies, such as the ability to have an unlimited number of members, ease of share transfer, and greater transparency, making them attractive to foreign investors. If you plan to raise funds from the public through an Initial Public Offering (IPO), incorporating a Public Limited Company is the way to go.
These companies are generally established to generate capital from external sources, such as the general public, for business startups, expansions, technological advancements, and global growth. Public Limited Companies are more suited to large organizations with comprehensive perspectives and higher growth potential, rather than small local businesses.

Features that Differentiate a Public Limited Company from a Private Limited Company:

  • Shares in a Public Limited Company are easily transferable to others with the simple filing and signing of a share transfer form.
  • A Public Limited Company represents the highest corporate structure available.
  • Shareholders in a Public Limited Company have claims to part of the company’s assets and profits.
  • There is no limit on the number of members in a Public Limited Company.
  • Shares are easily transferable within a Public Limited Company.
  • Why Choose My File Tax for Your Public Limited Company Registration?

    My File Tax is a leading business platform offering end-to-end services for incorporation, compliance, advisory, and management consultancy. We make the process of forming a Public Limited Company simple, affordable, and efficient! In addition to Public Limited Companies, we also assist with Private Limited Company Registration, Nidhi Company Registration, Partnership Formation, HUF Setup, LLP Incorporation, and One Person Company Registration.

    Pvt Ltd Company Registration Fees

    Simple Prices | No Surprises

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    ESSENTIAL

    29999/-
    (All Inclusive)

    • 7 Digital Signature Certificates
    • 3 Director Identification Numbers
    • Name Approval
    • Stamp duty on INR 1 Lakh Authorized Capital
    • Company Incorporation using SPICe+
    • Copy of e-MOA & e-AOA
    • e-PAN
    • e-TAN
    • 7 e-copies of Share Certificates
    • ESIC Registration through SPICe Plus
    • PF Registration through SPICe Plus
    • Bank Account opening (feature) through SPICe Plus
    •  
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    ENHANCED

    37999/-
    (All Inclusive)

    • 7 Digital Signature Certificates
    • 3 Director Identification Numbers
    • Name Approval
    • Stamp duty on INR 1 Lakh Authorized Capital
    • Company Incorporation using SPICe+
    • Copy of e-MOA & e-AOA
    • e-PAN
    • e-TAN
    • 7 e-copies of Share Certificates
    • ESIC Registration through SPICe Plus
    • PF Registration through SPICe Plus
    • Bank Account opening (feature) through SPICe Plus
    • Trademark (1 application 1 class) (start ups, proprietorship & small business)
    • MSME Registration
    • GST Registration
    • INC 20A
    •  
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    ULTIMATE

    ₹55999/-
    (All Inclusive)

    • 7 Digital Signature Certificates
    • 3 Director Identification Numbers
    • Name Approval
    • Stamp duty on INR 1 Lakh Authorized Capital
    • Company Incorporation using SPICe+
    • Copy of e-MOA & e-AOA
    • e-PAN
    • e-TAN
    • 7 e-copies of Share Certificates
    • ESIC Registration through SPICe Plus
    • PF Registration through SPICe Plus
    • Bank Account opening (feature) through SPICe Plus
    • Trademark (1 application 1 class) (start ups, proprietorship & small business)
    • 1st Income Tax filing upto turnover of Rs. 20 Lakhs
    • 1 Year TDS Filing upto 500 entries
    • 1st Annual Filing upto turnover of Rs. 20 Lakhs
    • 25 Copies of MOA
    • 25 Copies Of AOA
    • 10 Copies of Share Certificate
    • Company Seal
    • MSME Registration
    • GST Registration
    • INC 20A
    • 1st Annual Filing upto turnover of Rs. 20 Lakhs
    • Form ADT 1 (Auditor Appointment in AGM)
    • Form AOC -4 (Form for filing financial statement and other documents with the Registrar)
    • Form MGT -7 (Form for filing annual return by a company)
    • 2 DIR 3 e-KYC of 2 Directors
    • Accounting and Book Keeping (up to 50 transactions)
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    Why You Should Form a Public Limited Company?

    Key Reasons to Choose a Public Limited Company

    A Public Limited Company operates as a distinct legal entity, separate from its Directors. This means that the company’s assets and liabilities are distinct from those of its Directors, protecting personal assets and ensuring limited liability.

    Public Limited Companies are required to disclose detailed information about their operations, which is made available in public databases. This transparency enhances business credibility and helps potential investors and partners verify the company’s legitimacy.

    Shares in a Public Limited Company can be freely bought and sold on the stock exchange. This easy transferability facilitates liquidity for shareholders and supports a dynamic market presence.

    Public Limited Companies enjoy perpetual succession, meaning the company continues to exist regardless of changes in ownership or the death, insolvency, or bankruptcy of members. This ensures business stability and longevity.

    Public Limited Companies have greater access to funding from banks and other financial institutions. Their ability to issue shares to the public provides a significant advantage for raising capital.

    With the ability to issue new shares, Public Limited Companies have extensive opportunities for growth and expansion. This mechanism allows the company to raise additional capital for future projects and market development.

    Documents Required for Public Limited Company

    Quick Checklist

  • Photograph of all the Directors
  • PAN Card of all the Directors
  • ID Proof of all the Directors (Driving License/Passport/Voter ID)
  • Electricity Bill or any other utility bill for the address proof of the Registered Office
  • Specific Requirements

    A Company must have a registered office in India. Documents like bank statement or electricity bill should not be older than 2 months. Along with that utility bill, rent agreement or sale deed and a No Objection Letter (NOC) from the landlord with his/her consent to use the office as a registered office of a company must be submitted.

    How to Incorporate Public Limited Company

    Points to make your decision easy

    Fill a Simple Checklist

    A Compliance Manager from Ebizfiling will reach out to you to collect your documents along with a straightforward checklist. You will need to complete this checklist and submit it with your documents for processing. Throughout the entire process, your dedicated Compliance Manager will keep you informed about the progress of your Company Registration.

     

    Name Approval

    After you submit your documents and completed checklist, we will begin the process for your Digital Signature and name approval. You can propose up to three names for your company, which should be unique and reflective of your business. We will submit these names for approval through the “RUN” form as per MCA guidelines. This process typically takes 1-2 days for the name to be approved.

     

    Company Registration

    Once the name is approved, we will draft the Memorandum of Association (MOA) and Articles of Association (AOA). We will then file the incorporation documents with the MCA using the “SPICe” form along with a subscription statement. The MCA generally processes these documents and issues the Incorporation Certificate, along with PAN and TAN, within 2-3 days. After receiving these, you can proceed to open a Company Bank Account.

    FAQs on Public Limited Companies

    Yes, NRIs (Non-Resident Indians) and Foreign Nationals can be appointed as Directors in a Public Limited Company in India. However, at least one Director must be a resident of India, defined as having stayed in India for at least 182 days during the past financial year.

    To register a Public Limited Company in India, you need to fulfill the following requirements: Minimum of 3 Directors: At least three Directors are needed, with one being a resident of India. Minimum of 7 Shareholders: A Public Limited Company must have a minimum of seven shareholders, who can be individuals or entities. Unique Company Name: The proposed company name must be unique and not similar to any existing company. Registered Office: A registered office address in India is required for official communication. Digital Signatures: Directors need Digital Signatures for filing documents online. Director Identification Number (DIN): Each Director must have a DIN.

    No, there is no upper limit on the number of shareholders in a Public Limited Company in India. It can have any number of shareholders, which is one of the features that distinguishes it from a Private Limited Company.

    Share capital refers to the funds raised by a company through the issuance of shares. It represents the initial investment from shareholders and is divided into equity shares. Share capital can be used for business operations, expansion, and other financial needs.

    A Public Limited Company must have a minimum of three Directors for incorporation. These Directors are responsible for the management and operations of the company.

    The Director Identification Number (DIN) is a unique identification number issued to individuals who wish to become Directors in Indian companies. It is mandatory for all Directors to have a DIN for legal and regulatory purposes.

    We offer our Public Limited Company registration services across various cities in India. Contact us to find out if we provide services in your specific location.

    If you have any more questions or need further assistance, feel free to reach out to our team for personalized support.