Process of Public Limited Company Registration in India

Starting a public limited company in India is a big step for businesses that want to raise funds from the public, enjoy wider recognition, and build strong credibility. However, the process of public limited company registration involves several legal formalities and compliance requirements that must be followed carefully.

What is a Public Limited Company?

A public limited company is a business entity registered under the Companies Act, 2013, which allows it to raise capital by issuing shares to the public. It offers limited liability to shareholders, higher credibility in the market, and easier access to funding through stock exchanges or private placements.

Eligibility for Public Limited Company Registration

Before beginning the process of public limited company registration, businesses must ensure they meet the eligibility requirements:

• Minimum 7 shareholders

• Minimum 3 directors (at least one should be an Indian resident)

• Minimum paid-up capital as prescribed

• A unique company name approved by the Ministry of Corporate Affairs (MCA)

• Proper registered office address

Step-by-Step Process of Public Limited Company Registration

The process of public limited company registration in India typically includes the following steps:

1. Obtain Digital Signature Certificates (DSC)

Every director and shareholder must have a valid Digital Signature Certificate to sign e-forms online.

2. Apply for Director Identification Number (DIN)

Each director must obtain a DIN, which acts as a unique identification number issued by the MCA.

3. Name Approval from MCA

A suitable and unique name must be applied for through the RUN (Reserve Unique Name) or SPICe+ form. It should not be identical or similar to existing company names or trademarks.

4. Drafting of MOA and AOA

The Memorandum of Association (MOA) and Articles of Association (AOA) define the company’s objectives, rules, and structure. These must be prepared and submitted.

5. Filing Incorporation Application (SPICe+)

All details, including MOA, AOA, directors, shareholders, and registered office proof, must be filed online with MCA through the SPICe+ form.

6. Verification by ROC

The Registrar of Companies (ROC) examines the application and supporting documents. If everything is in order, the ROC issues the Certificate of Incorporation (COI).

7. Apply for PAN, TAN, and Bank Account

Once the company is incorporated, it must apply for a PAN, TAN, and open a current account for business operations.

Benefits of Public Limited Company Registration

Completing the process of public limited company registration offers several advantages:

• Ability to raise funds from the general public and institutional investors

• Enhanced brand image and credibility

• Limited liability protection for shareholders

• Transferability of shares with ease

• Opportunities for growth through IPOs and expansion

Documents Required for Public Limited Company Registration

• Identity proof of directors and shareholders (PAN/Aadhaar/Passport)

• Address proof (utility bills, bank statement)

• Passport-size photographs

• Registered office proof (electricity bill/lease agreement/NOC from owner)

• MOA & AOA drafts

Conclusion

The process of public limited company registration may seem complex, but with proper guidance and expert support, it becomes simple and hassle-free. For businesses that aim to scale quickly and raise capital through public participation, registering as a public limited company is the best option.

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