NOZIX provides professional assistance for Public Limited Company Registration in India, including documentation support, incorporation application assistance and coordination of the registration formalities.
What is a Public Limited Company?
A Public Limited Company is a company incorporated under the Companies Act, 2013 that has a separate legal identity from its members.
Subject to applicable legal and regulatory requirements, a public company can raise capital from investors and, where eligible, offer its securities to the public.
A public company may be suitable for businesses with ambitious expansion plans and a requirement for a more structured corporate framework.
Key Features of a Public Limited Company
Some important characteristics include:
- Separate legal identity
- Limited liability of members, subject to applicable law
- Perpetual succession
- Structured management through a Board of Directors
- Ability to have a broader ownership base
- Potential to raise capital from investors, subject to applicable regulations
- Greater corporate structure and governance requirements
Minimum Requirements
The requirements for incorporating a Public Limited Company include statutory conditions prescribed under applicable company law.
Generally, a public company requires:
- At least 7 members
- At least 3 directors
- At least one eligible resident director as required under applicable law
- A registered office in India
- A suitable company name
- Required incorporation documents and declarations
Additional requirements may apply depending on the proposed activities and whether the company intends to raise funds from the public.
Documents Required
The exact documents depend on the proposed company and its members/directors. Generally, the following documents may be required.
Documents of Directors and Members
- PAN Card
- Identity proof
- Address proof
- Recent photograph
- Mobile number
- Email ID
Registered Office Documents
- Address proof of the registered office
- Recent utility bill, where applicable
- Ownership/rent-related documents
- No Objection Certificate (NOC), wherever applicable
Additional documents may be required based on the company's circumstances and applicable statutory requirements.
Public Limited Company Registration Process
Step 1: Business & Structure Assessment
We understand the proposed business activity, ownership structure and future objectives of the promoters.
Step 2: Company Name Selection
A suitable name is selected and checked in accordance with the applicable naming requirements.
Step 3: Digital Signature Certificates
Digital signatures are arranged for the concerned individuals wherever required for electronic filing.
Step 4: Director & Member Documentation
The required information and documents are collected and reviewed to prepare the incorporation application.
Step 5: Incorporation Application
The applicable incorporation forms and supporting documents are prepared and filed through the MCA system.
Step 6: Government Review
The application is reviewed by the concerned authority. If any clarification or additional information is required, the same is addressed as applicable.
Step 7: Certificate of Incorporation
After successful approval and completion of the applicable formalities, the company receives its Certificate of Incorporation.
Advantages of Public Limited Company Registration
1. Separate Legal Identity
The company exists as a legal entity separate from its members.
2. Limited Liability
The liability of members is generally limited according to the nature of their shareholding, subject to applicable law.
3. Fundraising Opportunities
A public company may have broader opportunities for raising capital, subject to eligibility and applicable securities regulations.
4. Business Expansion
The corporate structure can be suitable for businesses planning large-scale operations and expansion.
5. Increased Corporate Credibility
A properly incorporated public company can provide a formal and structured identity to the business.
6. Perpetual Succession
The company's existence is generally not affected merely because of changes in its shareholders or members.
Public Limited Company vs Private Limited Company
| Particular | Public Limited Company | Private Limited Company |
|---|---|---|
| Minimum Members | 7 | 2 |
| Minimum Directors | 3 | 2 |
| Ownership | Can have a broader shareholder base | More restricted |
| Public Fundraising | Subject to applicable eligibility and regulations | Cannot invite the public to subscribe to its securities |
| Compliance | Generally more extensive | Comparatively more streamlined |
| Suitable For | Larger businesses and companies seeking broader capital access | Startups and growing businesses |
The appropriate structure depends on the company's business model, funding requirements, ownership plans and long-term objectives.
Compliance After Registration
Registration is only the beginning of maintaining a company in good standing.
A Public Limited Company may have ongoing statutory and regulatory obligations, including applicable:
- Annual filings
- Financial statement filings
- Board meetings
- General meetings
- Maintenance of statutory records
- Audit requirements
- Director-related compliances
- Disclosure requirements
- Other applicable corporate and regulatory compliances
The actual requirements depend on the company's size, activities and applicable laws.
Why Choose NOZIX?
At NOZIX, we understand that incorporating a public company can involve multiple procedural and documentation requirements.
Our team provides assistance with:
- Company structure guidance
- Name selection assistance
- Documentation support
- Incorporation application preparation
- MCA filing assistance
- Registration process coordination
- Guidance on post-incorporation requirements
Our focus is to make the registration process clear, organised and convenient for entrepreneurs.
Who Can Consider a Public Limited Company?
A Public Limited Company may be considered by:
- Businesses planning large-scale expansion
- Established businesses looking for a broader ownership structure
- Companies seeking potential access to wider sources of capital
- Businesses planning a long-term corporate structure
- Entrepreneurs building a scalable business model
However, the suitability of this structure should be evaluated based on the company's specific objectives and regulatory requirements.
Register Your Public Limited Company with NOZIX
Building a large business starts with choosing an appropriate legal structure.
If you are planning to establish a Public Limited Company in India, NOZIX can assist you with the registration process and related documentation formalities.
Get in touch with NOZIX for professional Public Limited Company Registration assistance.
Frequently asked questions
How long does Public Limited Company take?
We confirm the timeline after reviewing your documents. It depends on the department and how quickly documents are shared.
Can I apply for Public Limited Company online?
Yes. The entire process is online. A physical visit is only needed if the authority requires an inspection, and we prepare you for it.
What if my application is rejected?
We fix the issues raised by the department and refile at no extra professional fee.
Is the government fee included in your price?
Our price is the professional fee. Government fees are charged at actual cost and shown separately before you pay.