Public Limited Company

Key Highlights of Public Limited Companies

  • Limited Liability: Shareholders are only responsible for company losses to the extent of their contributions.

  • Perpetual Succession: Changes in company ownership do not disrupt its operations.

  • Listing on Stock Exchange: Public companies can list on the stock exchange and raise funds through public offerings.

  • Transferable Shares: Shares of a public company can be easily traded between members and non-members.

  • Disclosure & Transparency: Public companies must adhere to stringent disclosure requirements, making their financials public.

  • Minimum Directors & Shareholders: Public limited companies require a minimum of 3 directors and 7 shareholders, with no maximum limit on shareholders.

Why Choose a Public Limited Company

Documents Required for Public Limited Company Registration

For company registration, you’ll need the following documents under MCA:

Documents of Company’s Directors:

  1. Photo
  2. PAN (Permanent Account Number)
  3. Aadhar Card
  4. Address Proof*
  5. Proof of Identity**

Proof of the Company’s Registered Office Address:

  1. Latest utility bill in the owner’s name (e.g., electricity, water)
  2. Rent agreement between the owner and company promoter OR NOC from the owner if they are the company’s promoter

*For Address Proof: Bank Statement, Electricity Bill, Telephone Bill, Mobile Bill (Any, not older than 2 months).

For Proof of Identity: Driving License, Voter ID card, Passport (Any).

Public Limited Company Incorporation Process

  1. Upload Documents: Submit the necessary documents and information through our web portal.

  2. Choose Package: Select a package and make an online payment using various payment methods.

  3. Digital Signatures and DIN: Apply for Digital Signatures and Director Identification Numbers for proposed directors.

  4. Name Approval: Check for the availability of the company’s name and apply for approval.

  5. Prepare Documents: Draft MOA (Memorandum of Association), AOA (Articles of Association), and other necessary incorporation documents.

  6. File Documents: Submit incorporation documents and obtain the Certificate of Incorporation, PAN, and TAN.

Advantages of Public Limited Company Registration in India

Annual Compliances for Public Limited Companies

There are several compelling reasons to consider registering your company in the USA from India:

Listed Public Limited Company:

  • Annual General Meeting (AGM)
  • Financial Statements
  • Annual Return
  • Financial and Directors Report
  • Income Tax Returns
  • Secretarial Audit Report
  • SEBI Compliance

Unlisted Public Limited Company:

  • Board Meetings
  • Appointment of Cost Auditor
  • Return of Deposits
  • Appointment of CEO/CFO/CS
  • Annual General Meeting
  • Special Resolution
  • CSR Committee
  • Director’s Disclosure

Differences Between Public Limited and Private Limited Companies

Private Limited Company:

  • Shares cannot be traded on the stock exchange.
  • Maximum of 200 shareholders.
  • Minimum of 2 shareholders.
  • Fewer legal requirements.
  • Minimum share capital of Rs. 1 lakh.

Public Limited Company:

  • Shares can be traded on the stock market.
  • No limit on the number of shareholders.
  • Minimum of 7 shareholders.
  • More legal requirements.
  • Minimum share capital of Rs. 5 lakh.

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