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    Public Limited Company

    A Public Limited company is a form of business organization having minimum of seven members and three Directors. The liability of members of a public limited company is limited to the amount of share capital remaining unpaid on the shares held by them.

    • Separate legal entity
    • Perpetual succession
    • Limited liability of members
    • Easy transferability of ownership
    • Easy Financial Assistance

    Check Name Availability

    Talk to Our Experts

    How it works?

    1.

    Learn about the service and get all-inclusive price

    2.

    Pay and submit documents online

    3.

    Our expert will do the requisite filings and get Certificate

    Overview

    A Public Company is a Company having general public as the members and ownership lies in the hands of Public, having minimum of three members and there is no limit on the maximum number of members. The name of a public Company must end with ‘Limited.’ A Public Company must have minimum three directors and minimum seven members. There is no restriction on the maximum number of members in case of a Public Limited Company as compared to a private limited company where maximum number of members shall not exceed 200.   These companies can raise funds from general public by selling its shares and the shares allotted to the members are freely transferable. Public Limited Companies have perpetual succession and the liability of each member is limited to the extent of the amount of shares subscribed by them.

    Features

    • Separate Legal Entity

      As a juristic legal person, both the company and its members have separate legal identity that is distinct from each other.

    • Perpetual succession

      A company existence is uninterrupted, even the death or insolvency of shareholder(s)/ directors cannot affect the continuity of business of the company.

    • Limited liability of members

      The liability of members of a public company is limited to the amount of share capital remaining unpaid on the shares held by them.

    • Easy transferability of ownership

      The ownership in a public company is easily transferable by way of transfer of shares from one member to another

    • Easy financial assistance

      Public Company can raise money from public through IPO/FPO without any restrictions along with other sources

    Things to Know

    Unique Name

    The proposed name selected by you should be unique and should not resemble to the name of an existing company or Limited Liability Partnership.

    Share Capital   Share capital of a company is divided into four parts:
    1. Authorized Share Capital: It means such capital as is authorized by the Memorandum of a company to be the maximum amount of share capital that can be raised by a company.
    2. Issued Share Capital: It means such capital as the company issues from time to time for subscription.
    3. Subscribed Share Capital: It means such part of the capital which is for the time being subscribed by the members of a company.
    4. Paid-up Share Capital: It means such aggregate amount of money credited as paid-up as is equivalent to the amount received as paid-up in respect of shares issued and also includes any amount credited as paid-up in respect of shares of the company, but does not include any other amount received in respect of such shares, by whatever name called.There is no minimum paid-up share capital prescribed for a public company. However, it is suggestible that the subscribers to the memorandum of association shall bring in some capital for carrying on the business operations of the company.  
    Directors  Director is a person appointed to the Board of a company. Board of Directors of a company are entitled to exercise all such powers and to do all such acts and things as the company is authorized to exercise and do except those which are specifically required to be exercised by a company in general meeting. The Board of Directors of a public limited company shall comprise of minimum three directors out of which at least one must be resident in India.   Subscriber  Subscriber means a person who has agreed to subscribe to the share capital of the company and on its registration, whose name is entered as a member in the Register of Members. Minimum seven subscribers are required to incorporate a public limited company. Subscribers of a company can be resident in or outside India. There is no restriction on a subscriber (being an individual) of a public limited company to be a director of the same company or vice versa. Registered Office  It is mandatory for every company to have a registered office capable of receiving and acknowledging all communications and notices as may be addressed to it. Registered office of the company must be situated in India.

    Process and Timelines

    Step 1.

    1-2 Days

    Obtaining requisite Documents and information

    Step 2.

    1-2 Days

    Obtaining DSC

    Step 3.

    1-2 Days

    Filing of Requisite forms with ROC

    Step 4.

    2-3 Days

    Certificate of Incorporation

    Document Required

      From Directors

    • Copy of PAN (in case of resident);
    • Copy of Passport (in case of non-resident);
    • Copy of proof of identity (voters ID/ Passport/ Driving License);
    • Copy of residential proof (Bank Statement/ Telephone Bill/ Mobile Bill/ Gas Bill not older than two months);
    • Consent to act as directors*;
    • Disclosure of interest in other entities*;

      From Company

    • Copy of Sale deed/ Property Deed (in case of owned property) or Lease Deed (in case of rented premises);
    • Copy of Telephone or Mobile/Electricity or Gas Bill of registered office (Any one, not older than 2 months) ;
    • No-objection Certificate from the owner of the premises for its use as registered office*;
    • Memorandum and Articles of Association*

      From Subscribers

    • Copy of PAN (in case of resident);
    • Copy of Passport (in case of non-resident);
    • Copy of proof of identity (voters ID/ Passport/Driving License);
    • Copy of residential proof (Bank Statement/ Telephone Bill/ Mobile Bill/ Gas Bill not older than two months);

    Note 1: *Draft will be provided by our team

    Note 2: Following additional documents will be required in case the company to be incorporated is a subsidiary of another company: • Copy of resolution passed by the Parent company for incorporation of subsidiary company; • No-objection certificate from the parent company for using its name by the subsidiary company; • Certificate of Incorporation of the Parent company

    Why Companies Next

    At Companies Next, we have a dedicated team of professionals for providing quality services with accuracy and within given timelines. We provide a complete transparent and online platform for registration of your public limited company.   Our public company registration includes:

    • DSC for Subscriber and Directors
    • 3 DIN
    • Company Registration fees and stamp duty
    • Certificate of Incorporation
    • Company’s PAN and TAN
    • Company's EPFO and ESIC Registration
    • Professional tax Registration (Maharashtra)
    • Opening of Bank Account
    • Drafting of Memorandum and Articles of Association
    • Drafting of requisite declaration(s), consent letters, etc.

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    FAQ's

    For setting up a public limited company, minimum of 7 shareholders are required and no limit on maximum shareholders. In addition, minimum of 3 and maximum of 15 directors can be appointed by any public limited company.

    There is no restriction on a Member of a Public Limited Company to be a Director of the same company or vice versa.
    No, you are not required to be present at our office or appear at any office for the incorporation of a Public Limited Company. All the documents can be scanned and sent through email and the original hard copy can be couriered to our office.
    Once a Company is incorporated, it will be active and in-existence until you liquidate it either by striking-off or winding up.
    The minor shall not be appointed as director of the company. He needs to be over 18 years of age and must be a natural person. Foreign nationals are also eligible to be a director in an Indian Public Limited Company provided that at least one of the director shall be resident of India.
    Yes, the office can be commercial / industrial / residential which is capable of receiving and acknowledging all communications and notices as may be addressed to it is required which can be shown as the registered office of the Company.
     
    To incorporate a Company quickly, make sure the proposed name of the Company is very unique. Names that are similar to an existing company / limited liability partnership / trademark can be rejected and additional time will be required for re-submission of names.
     
     
    A Digital Signature Certificate (DSC) establishes the identity of the signee electronically while filing documents. The Ministry of Corporate Affairs (MCA) mandates that e-form(s) submitted on MCA portal are digitally signed using DSC.
    DIN is a unique identification number assigned to all existing and proposed Directors of a Company. Before a person gets appointed as a Director, he must obtain a valid DIN. DIN never expires and a person can possess only one DIN.
    Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued by Income Tax Department of India as a proof of identification for tax purposes. It is required for obtaining Digital Signature Certificate, opening bank account, various statutory registrations, to pay taxes and filing tax returns and many other transactions as prescribed by government time to time. It is mandatory for a company incorporated in India to obtain PAN.
    Yes. It is mandatory for all the new companies incorporated w.e.f 23rd February, 2020 to obtain EPFO and ESIC registration.
     
    Yes. All the new companies are required to apply for opening the company’s bank account through the Form AGILE PRO.
     
    No. Registration for Professional Tax mandatory only in respect of new companies incorporated in the State of Maharashtra w.e.f 23rd February 2020.
     
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