Step-by-Step Public Limited Company Registration in India | Wish Legals

For ambitious businesses aiming to scale faster and attract larger investments, Public Limited Company Registration in India has become one of the most sought-after choices. A public limited company offers entrepreneurs the advantage of raising funds from the public through shares, which makes it an ideal structure for enterprises planning expansion and long-term growth. In this guide, we will cover the key benefits, eligibility, cost factors, and the step-by-step public limited company registration process, so that growing enterprises can make an informed decision.

What is a Public Limited Company?

A Public Limited Company (PLC) is a type of company that can issue shares to the general public and is listed on the stock exchange. Unlike a private limited company, it has fewer restrictions on the transfer of shares, which makes fundraising easier. This structure is regulated by the Companies Act, 2013, ensuring transparency and accountability in operations.

Why Choose Public Limited Company Registration in India?

For enterprises with long-term growth aspirations, registering as a public limited company comes with a host of advantages:

1. Access to Capital – Businesses can raise unlimited capital by issuing shares to investors and the general public.
2. Enhanced Credibility – Being publicly registered increases brand trust, as the company is regulated by the Securities and Exchange Board of India (SEBI).
3. Share Transferability – Shares of a public limited company are freely transferable, which provides flexibility for shareholders.
4. Growth Opportunities – With easy fundraising options, businesses can expand across industries and regions more efficiently.
5. Limited Liability – Shareholders’ liability is restricted to the amount unpaid on their shares, offering financial protection.

Key Requirements for Public Limited Company Registration

To complete Public Limited Company Registration Online, businesses must fulfill certain basic requirements as per Indian law:

• Minimum 7 shareholders and 3 directors are required.
• At least one director must be an Indian resident.
• The company must have a registered office address in India.
• Digital Signature Certificates (DSCs) and Director Identification Numbers (DINs) for all proposed directors.
• A unique company name approved by the Ministry of Corporate Affairs (MCA).

Step-by-Step Public Limited Company Registration Process

The public limited company registration process in India involves several steps, usually carried out through the MCA portal. Here’s a simplified breakdown:

1. Obtain Digital Signature Certificates (DSCs) – Required for all directors to sign electronic forms.
2. Apply for DIN – Directors must obtain a unique identification number.
3. Reserve Company Name – Submit an application to the MCA for name approval.
4. Draft Memorandum & Articles of Association – These documents define the company’s purpose, powers, and internal rules.
5. File Incorporation Form (SPICe+) – Submit all details, including directors’ and shareholders’ information.
6. Obtain Certificate of Incorporation – Issued by the Registrar of Companies (ROC), making the company legally recognized.
7. Apply for PAN, TAN & Bank Account – Required for tax compliance and financial transactions.

Public Limited Company Registration Fees in India

The Public Limited Company Registration fees vary depending on the number of directors, authorized capital, and professional service charges. Generally, the cost includes:

• Government filing fees (depending on share capital).
• Stamp duty charges based on the state of incorporation.
• DSC and DIN application costs.
• Professional or consultancy fees for drafting legal documents and handling filings.

Benefits for Growing Enterprises

Registering as a public limited company provides growing businesses with unparalleled advantages:

• Scalability – Companies can expand operations without worrying about capital restrictions.
• Investor Attraction – Venture capitalists, institutional investors, and the general public prefer investing in PLCs.
• Global Recognition – Public companies enjoy higher visibility and credibility in international markets.
• Perpetual Succession – The company’s existence continues regardless of changes in ownership or management.

These benefits make the structure highly suitable for enterprises with significant growth potential.

Conclusion

Choosing Public Limited Company Registration in India is a strategic move for enterprises aiming to scale, attract investors, and establish long-term credibility. By understanding the public limited company registration process, evaluating compliance needs, and preparing for the associated costs, businesses can position themselves for faster expansion.

If you’re planning to register your business as a public limited company, expert legal and compliance assistance is crucial. At Wish Legals, we provide end-to-end guidance for seamless company registration, ensuring that your enterprise is structured for growth and success.