Business Formation
Public Limited Company Registration
A corporate structure designed for wider ownership, statutory governance and potential stock exchange listing.
Overview
A Public Limited Company is a company that can offer its shares to the general public and can be listed on a recognised stock exchange. It requires a minimum of 3 directors and 7 shareholders, and is subject to higher compliance and governance requirements compared to a Private Limited Company.
Who Should Consider This Structure?
- Businesses planning to raise capital from the public
- Companies seeking stock exchange listing
- Large enterprises requiring wider ownership
- Government contracts requiring public company status
Key Features
- Minimum 3 Directors: At least one must be an Indian resident
- Minimum 7 Shareholders: No maximum limit
- Transferable Shares: Shares are freely transferable
- Higher Compliance: Mandatory secretarial audit, stricter governance requirements
- Public Offering: Can issue shares to the general public (subject to SEBI regulations)
Documents Generally Required
- PAN, Aadhaar and address proof of all directors
- DSC and DIN for all directors
- Registered office address proof
- MOA and AOA
- Shareholder details and contribution information
Step-by-Step Process
- Obtain DSC and DIN for all directors
- Reserve company name through MCA
- File SPICe+ incorporation form
- Draft and file MOA and AOA
- Receive Certificate of Incorporation
- Post-incorporation compliance setup
Why Choose VSB Consultants?
We handle the complete incorporation of Public Limited Companies, including documentation, MCA filing and post-incorporation compliance setup. Our team ensures adherence to the higher governance standards required for public companies.
Requirements, documents, government fees, professional fees and timelines may vary depending on the applicant, jurisdiction, portal status and applicable law. The final scope will be confirmed after reviewing the specific case.
FAQ
Frequently Asked Questions
There is no minimum paid-up capital requirement under the Companies Act, 2013. However, SEBI regulations prescribe minimum requirements for companies seeking to list on a stock exchange.
Yes, a Private Limited Company can be converted to a Public Limited Company by passing a special resolution, altering the AOA and filing the required forms with MCA.
Public companies have higher compliance including mandatory secretarial audit (for listed companies), quarterly board meetings, AGM, annual filings with MCA and ROC, and compliance with SEBI regulations if listed.
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