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Public Limited Company Registration

Public Limited Company (PLC) is a very trustable, formalized, and dynamic type of business entity in India. It is controlled by the Companies Act, 2013. It is the most suitable business structure for medium to big-size businesses to raise capital from the public, get listed on stock markets, and possess legal transparency and regulatory oversight with high credibility and market presence.

Public Limited Companies have more confidence among stakeholders — investors, finance companies, government agencies, and the public at large. They are a mature and expansionist model for companies looking for national or international growth.

A Durable Business Model for Growth

A Public Limited Company is the ideal option for promoters wishing to raise sizeable capital, seek public investment, safeguard promoters' liability, and create a highly compliant corporate reputation. In comparison with private companies or partnerships, a PLC is more widely available for financing and has greater brand visibility owing to its public acceptability and tighter disclosure requirements.

With perpetual succession, limited liability, and strong system of governance, Public Limited Companies are organized to manage intricate operations with transparency and accountability.

📋 Eligibility to Register a Public Limited Company in India

📋 Eligibility to Register a Public Limited Company in India

In order to include an public limited company in India, the following legal, personal, and procedural eligibility criteria mentioned in the Companies Act, 2013 and Ministry of Corporate Affairs (MCA) rules have to be met by the applicant:

✅ 1. Minimum Number of Shareholders

A Public Limited Company required minimum seven shareholders. The individuals or corporate entities (Indian or foreign) can become the shareholders of the company. No Upper limit on the number of shareholders allowed. A director and shareholder can be the same person.

✅ 2. Minimum Number of Directors

A Public Limited Company required minimum three directors. One of the directors must be a resident of India. A Public Limited Company can have maximum number of directors allowed 15.

✅ 3. Capital Requirement

The company should have a minimum authorized capital of ₹5 lakhs (which could be different based on state stamp duty and business requirements).Minimum paid-up capital is not specified as per the Companies Amendment Act, 2015 — but actual investment to be reflected during registration

✅ 4. Registered Office Requirement

Public limited company shall have a *valid Indian address** for the registered office. It may be a commercial premises, residential flat, or co-working space with NOC.

✅ 5. Digital Compliance Eligibility

The individual needs to be capable of *obtaining a DSC (Digital Signature Certificate)**. * Aadhar-based eKYC and OTP authentication via mobile/email are required at the time of incorporation.

✅ 6. Name Availability and Naming Rules

The intended company name should have *"Public Limited"** as a suffix. The name should be *distinct, not objectionable**, and should not violate trademarks. It needs to be approved using the *RUN (Reserve Unique Name)** facility of MCA.

✅ 7. MOA & AOA

Drafting of Memorandum of Association (MoA) and Articles of Association (AoA) is required, which define the company’s structure and rules.

🧾 Documents Required for Public Limited Company Registration in India

Public limited company registration involves the submission of various personal, residential, and business papers. Here is the exhaustive list with detailed explanation of each:

✅ 1. Director's PAN Card (Compulsory)

A *Permanent Account Number (PAN)** card provided by the Income Tax Department must be produced for verification of identity. It has to clearly bear the full name (according to Aadhaar), the father's name, and date of birth. * A legible, color-scanned copy should be filed.

✅ 2. Director's Aadhaar Card

* Aadhaar is a proof of address and identity. It is also mandatory for *Aadhaar-based e-KYC** at the time of issue of Digital Signature Certificate (DSC). Tip: Make sure the mobile number registered with Aadhaar is active for OTP authentication.

✅ 3. Recent Passport-Size Photograph

Clear, high-quality, front-facing passport-size photo with plain background. Format: JPEG/PNG. Background: Light color (preferably white or blue).Purpose: DSC, DIN application, and internal use.

✅ 4. Director's Address Proof (Any One Below)

Should not be more than 2 months old from the submission date. Documents accepted are: ✅ Bank Statement (showing recent transactions) ✅ Electricity Bill ✅ Telephone Bill (Landline/Mobile Postpaid) ✅ Gas Bill

✅ 5. Registered Office Address Proof

If the business address is not your residential address, the following are needed If Rented:* Rent Agreement (in company name or promoter's name) * No Objection Certificate (NOC) of the landlord * Utility bill (electricity/water/gas) of the premises (not older than 2 months) If Owned: Electricity bill ,NOC not required if the property is self-owned

✅ 6. Shareholder's Identity Documents (Mandatory)

Should not be more than 2 months old from the submission date. Documents accepted are: ✅ Bank Statement (showing recent transactions) ✅ Electricity Bill ✅ Telephone Bill (Landline/Mobile Postpaid) ✅ Gas Bill

✅ 7. Email ID and Mobile Number of Director/Shareholder

* Email and mobile both must be active and unique (not already in use in another OPC or company).

✅ 8. Digital Signature Certificate (DSC) Documents

For issuing a Class 3 DSC (which is needed for e-signing incorporation documents), you will require: * PAN & Aadhaar * Photograph * Mobile-linked Aadhaar for OTP

Step-by-Step Public Limited Company Registration Process in India

Registering a Public Limited Company  is a legal and procedural process governed by the Ministry of Corporate Affairs (MCA). The process is now fully online and paperless, making it easier and faster to incorporate your Public Limited Company with expert assistance.

✅ Step 1: Apply for Digital Signature Certificate (DSC)

Every company director must sign forms electronically using a Digital Signature Certificate (DSC). Documents Required: * PAN Card * Aadhaar Card (associated with mobile)

* Passport-sized Photo * Email ID & Mobile Number Time: 1 working day Purpose: Required for signing incorporation documents electronically

✅ Step 2: Name Reservation through RUN (Reserve Unique Name)

The suggested name of the OPC has to be approved by MCA. Guidelines: * Ends with "Public Limited" * Must be unique, not similar to any other existing company or trademark * Two name options can be submitted Time: 1–2 working days Form: RUN (Reserve Unique Name) on MCA portal

✅ Step 3: Drafting of Legal Documents (MOA & AOA)

After approval of the name, the below legal documents are drafted: * Memorandum of Association (MOA) – specifies your business aims * Articles of Association (AOA) – specifies rules of operation.

✅ Step 4: Filing the Incorporation Form (SPICe+)

SPICe+ is a holistic web form consisting of: * Company Registration * Director Identification Number (DIN) * PAN & TAN Application * ESIC & EPFO Registration * Bank Account Opening Option. Details Required: * Director & Nominee details * Registered Office address * Business activity codes, Time: 2–3 working days All forms are submitted online through MCA portal.

✅ Step 5: Certificate of Incorporation (COI)

After SPICe+ and supporting documents are approved and verified by the ROC (Registrar of Companies), a Certificate of Incorporation (COI) is issued. This comprises:

* Company CIN (Corporate Identification Number) * DIN (where not already granted) * PAN & TAN (auto-issued) Time: 1 working day after approval. Your Private Limited Company is now legally registered!

✅ Step 6: Post-Incorporation Formalities

Post-incorporation, follow the below steps: 1. Application for GST Registration(if required) 2. Opening a Current Bank Account in the company's name 3. Printing Company Letterhead, Board Resolutions, Share certificates 4. Statutory Registers and Accounting books 5. Commencement of business operations

🤝 Why Choose Corporate Verdict for Your Public Limited Registration?

At Corporate Verdict, we don't merely file forms — we make the whole process of incorporating your company easy with reliable guidance, clear pricing, and personal legal care. From selecting the best name for your company to obtaining your Certificate of Incorporation, PAN, TAN, and even assisting you in organizing your GST and bank account — we take care of everything so that you can concentrate on running your business.

✅ Zero trouble. Zero confusion. 100% expert-handled.

✅ Used by 5,000+ startups and emerging entrepreneurs in India

✅ Personal business guide throughout your entrepreneurial journey

✅ All India coverage with online process – begin anywhere!

🚀  Begin your One Person Company with confidence —

 📞 Schedule a free consultation today with Corporate Verdict and embark on your first step towards legal entrepreneurship!

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