Public Limited Company Registration in India

If you want to register Public Limited Company, this article will help you to understand the process. Public limited company is a company with no limitation on the maximum numbers of shareholder but require minimum seven members and minimum three Directors are also required for establishing this type of company. Public limited company is regulated and supervised by Board of Directors established as per the unanimous consent of the shareholders. Public limited company is exclusively preferred for doing large scale business in India or abroad. These types of companies deal to trade on the stock exchanges and collect huge capital from public investors/ depositors. The formation and winding are governed and managed by laws, rules and regulations. The Indian Companies Act, 1956 contains all the provisions for registration of public limited company.

Public limited Firm (company) must have seven members minimum and have no limitation maximum number. NRI or Foreigner can also be a shareholder/ director in the company. To become a Director, one should have Director Identification Number (DIN) issued by Ministry of Corporate Affairs.

Public limited company has number of benefits are as below:

Easy transfer of shareholding- the shareholders of public limited Firm can transfer their shares freely
Shareholders have limited liabilities
More transparency
Large capital magnitude
No limit of maximum number of shareholders
Preference to get loan
Efficient management
Legal authentication on stock exchange
Unity of direction
Continuous existence

Procedure for Public limited Registration

Get Digital Signature Certificate (DSC) and Director Identification
Number (DIN) and it will take 10-12 working days.
Apply for name approval after details verification and it will take 2-3working days.
Document submission

Documents required for Public limited Firm Registration are-

Passport size photograph of directors.
Copy of PAN card of directors.
Copy of Aadhaar card or voter identity card.
Copy of rent agreement
Electricity or water bill
Copy of property papers