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The package includes:

  1.  Free Incorporation Advisory by expert Chartered Accountant

  2.  Digital Signature & DIN for 3 Directors

  3.  Company Name Reservation at MCA

  4. Memorandum & Article of Association

  5.  Filing of Form INC-32, 33 & 34

  6. Corporate Identification Number (CIN)

  7.  PAN & TAN of the Company

  8.  Bank Account Opening Template

  9.  Complimentary Legal documents

₹ Get your Public Limited Company registered fastest and unleash your Business idea

  • Complete solution for starting a Nidhi Company, including incorporation of limited company, issue of shares and obtaining Nidhi status.

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Overview

The main feature of a Public Limited Company that differentiates it from a private limited company is that it is authorized to sell shares on an open stock market. More suitable for medium and large sized businesses, this should be your preferred choice if you’re planning to raise funds from general public through Initial Public Offering (IPO). A company capable of raising more money from public is bigger one and also trusted one. So if you want to grow, public company is most suitable form of business

Incorporation of a public company requires a minimum of 3 directors and 7 members with no upper limit on membership. One of the directors must be a resident of India, i.e., should have stayed in India for not less than 182 days in the previous calendar year.

Also, any natural/artificial person, LLP, OPC or any other registered public company can become a member by purchasing stocks. A Public limited company have all the advantages of Private Limited Company and the ability to have any number of members, ease in transfer of shareholding and more transparency.

Complykart is the Industry leader and trusted Company in Registration and managing hundreds of Companies across India. With a team of expert professionals, we offer exceptional services in minimum time. Get a free consultation for Public Limited Company registration and business setup in India by scheduling an appointment with our expert professionals.

Advantages of Public limited company

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Separate Legal Entity with Limited Liability

A company is a legal entity and a juristic person established under the Companies Act. Therefore it has wide legal capacity, can own property and also incur debts in its own name. The members (Shareholders/Directors) have no liability to the creditors of the company for such debts.

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Ownership

A company being a juristic person, can acquire, own, enjoy and alienate, property in its name. The shares of a public limited company are sold on open market, and can be listed on BSE, NSE etc. Being a larger enterprise, a public company allows some degree of separation between operations and ownership.

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Fund Generation

Being larger enterprises, Public Limited Companies require larger investment. However, they also enjoy certain additional privileges regarding investment and funding. These companies can list their shares on NSE and BSE, and can also raise funds from general public through IPOs.

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Accepatnce of Deposit

Only Public Limited Companies can accept Deposits from public under Companies Act, 2013. These companies attract considerable Foreign Direct Investment (FDI) in the form of foreign loans and equity participation, as India’s Foreign Exchange Laws have areas open for the same.

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Easy transferability

Simply selling the shares can transfer ownership. It can be accomplished by filing and signing a Share Transfer Form and handing it over to the buyer along with the Share Certificate.

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More Transparent

Owing to the stringent regulations such as transparency in matters of executive compensation, book of accounts, legal settlements etc., Public Limited Companies are considered to be the most transparent of all business structures in India.

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Registration process for Public Limited Company

  • 1

    The documents, as explained by our experts should be readied before starting the registration process. This includes a registered office address with documentary proof.

  • 2

    All document submissions are done electronically and hence every member must obtain a Digital Signature Certificate (or DSC), which is used to verify the authenticity of the documents.

  • 3

    Two proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, name approval can be obtained in 2 to 4 working days. Names provided should be unique and suggestive of business of Company.

  • 4

    Memorandum & Article of Public Company are drafted which contains the place of business, its Business and other functioning of Company.

  • 5

    The Form is filed with Registrar of Companies and registration fee for the company is paid and every change is made in the legal documents which are then verified.

  • 6

    After the verification of all the above steps, the certification of Incorporation is obtained for commencing the business further. PAN & TAN is also issues with the COI.

Documents Required for Registration

PAN is mandatory for all Directors and Shareholders.

  • PAN is mandatory for all Directors and Shareholders.
  • Notarized copy of Passport for Foreign Nationals.
  • Identity Proof of Directors and Shareholders.
  • Address Proof of all the Directors and Shareholders.
  • Passport Size Photos of all the Directors and Shareholders.
  • Address Proof of Registered Office of Company.
  • If the place is rented, the No objection certificate from the landlord is required.

Frequently asked Questions

What is a public limited company?

A company who offers its shares to the public and raises money from it is referred to the public limited company.

What is the deal with the money raised from public in a public limited company?

share that is sold to the public and the profit attained from it is interest free.

Compare your Options

Comparison of Popular Company Registration Options

All Features

Price

  • Recommended for
  • Venture Capital Funding
  • Limited Liability Protection
  • Dividend Tax
  • Deposits from public
  • Share Listing in Stock Exchange
  • Credibility

Public Limited

₹37899

  • Growth Stage and also for early stage with broad business vision
  • 10/10

Private Limited

₹12999

  • Early-stage entrepreneurs with broad business vision
  • 7/10

Limited Liability Partnership

₹7999

  • Professional service firms
  • 5/10

Why ComplyKart

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Learning Center

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Most important clauses of a Shareholders Agreement
11-09-2020 03:44

A Shareholders Agreement (SHA) is vital for the long-term growth of company because it not only contains the relation between shareholders but also the necessary obligations. In general, having a Shareholders Agreement seem not necessary but once difference of

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Everything about Employee Stock Option (ESOP)
11-17-2020 12:35

Employees are the most essential factor who are responsible for success of a business. To retain the best professionals has become cumbersome for companies & specially startups due to many reasons including cash crunch. One of the best ways to

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Dematerialisation
11-17-2020 12:28

In a major step to keep track of transactions of Corporates and making the things easier and transparent for the Shareholders, the Ministry of Corporate Affairs (MCA) has notified

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We are there at every step to make sure that you have the resources at hand to service your companies ongoing needs.

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