How to Register a Public Limited Company in India

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How to Register a Public Limited Company in India: A Guide for Businesses

Do you wish to make money from the public and build your business? The greatest approach to expand, build trust, and protect yourself from responsibility in India is to register as a Public Limited Company (PLC). Make Merchant can help you set up your public limited company by giving you expert guidance and handling the whole process from start to finish.

Public Limited Company registration in India is ideal for businesses aiming for large-scale operations and public fundraising. A Public Limited Company offers a distinct legal identity, limited liability to its shareholders, and the ability to raise capital by issuing shares to the public. It requires a minimum of seven shareholders and three directors, alongside compliance with strict regulatory and documentation requirements like MOA, AOA, DSC, and DIN.

The registration process involves name reservation, filing incorporation forms online with the Ministry of Corporate Affairs, and fulfilling statutory compliances. Going public enhances brand visibility, investor confidence, and access to capital markets, making it suitable for companies with growth ambitions and expansion plans.

In summary, registering a Public Limited Company in India gives your business a strong, credible foundation for growth, greater transparency, and the ability to attract public investment, making it a powerful corporate structure for ambitious enterprises.

What is a Public Limited Firm?

A legally registered public limited company allows for the purchase and sale of its shares on stock markets. It needs at least three directors and seven stockholders. The Companies Act of 2013 says that it is a separate legal entity that manages its own business. Companies that wish to make a lot of money and get additional shareholders should use PLCs.

Key Topic Index

The best thing about registering a public limited company
Requirements for being eligible
Step-by-Step Guide to Registering a Public Limited Company
What You Need to Register
Duties After Signing Up
Why should exporter and importer choose Public Limited Company?
Frequently Asked Questions(FAQ's)
Why should you sign up for Make Merchant to register your public limited company?

The best thing about registering a public limited company

Limited Liability: Shareholders are only accountable for the company's debts up to the amount of their shares.
Separate Legal Entity: It can run on its own and will always be able to do so.
Raising Capital: You can make money by selling shares to the public through Initial Public Offerings (IPOs).
More Credibility: Because your regulations are explicit, banks, investors, and clients trust you more.
Unlimited stockholders: There is no limit on how many people can own stock.
Free Share Transferability: You can buy and sell shares as many times as you want.
Strong Governance: Follows tight regulations set by authorities to make sure that everyone is responsible.

Requirements for being eligible

A minimum of seven stockholders is required, but there is no upper limit on the number of stockholders.
At least three of the directors must have valid Director Identification Numbers (DIN).
Most of the time, the lowest amount of capital that is allowed is Rs. 1 lakh or less.
The name of the firm must be approved by the MCA and should include "Limited" or "Ltd."
The registered office has to be in India.

Step-by-Step Guide to Registering a Public Limited Company

Get Digital Signature Certificates (DSC): This step is necessary so that all of the nominated directors can electronically sign forms.
Get Director Identification Numbers (DIN): All directors need to get these via the MCA portal.
Approval of Company Name: Check to see if the name is available and reserve it through the MCA site.
Write the MOA and AOA: Write and sign the Memorandum and Articles of Association, which are the rules and goals for the organization.
Electronically submit the Incorporation Form SPICe+ along with all necessary documents and fees.
"Certificate of Incorporation": This is a paper from the Registrar of Companies (ROC) that shows the company is real.
Get the PAN and TAN: These are the company's tax ID numbers.
Get a business bank account: This is where you keep your business money.
More registrations: Get any further permits you require, including a GST or import-export code.

What You Need to Register

Use Aadhar, passport, PAN, or voter ID to provide proof of identity for directors and shareholders.
Documents that show the directors' and company's registered office's address, like utility bills, lease agreements, or NOCs.
The directors' pictures must be the same size as a passport.
The Memorandum of Association (MOA) and the Articles of Association (AOA) must both be signed.
Proof of how share capital was used and invested.

Duties After Signing Up

Hold at least four meetings of the board every year.
Once a year, have an Annual General Meeting (AGM) with all of the shareholders.
Please submit your financial statements (AOC-4) and yearly return (MGT-7) to the Ministry of Corporate Affairs (MCA).
Keep your legal records and files up to date.
Please ensure that the annual statutory audits are completed and the results are submitted.
Directors must submit their yearly Know Your Customer (KYC) forms (DIR-3).
Follow the rules for continuing disclosure and compliance.

Why should exporter and importer choose Public Limited Company?

Setting up a public limited company improves the reputation and trustworthiness of merchant exporters and importers with international clients and banks. This structure makes it easier to obtain trade finance and the licenses you need, which will help your business grow a lot in global markets.

Frequently Asked Questions(FAQ's)

It usually takes 15 to 30 business days, depending on how much documentation needs to be done and how quickly the Registrar of Companies (ROC) can do it.

In most circumstances, the least amount of money needed is Rs. 1 lakh, but some businesses may have various needs.

Yes, they can be foreigners or Non-Resident Indians (NRIs) as long as they obey the rules set by the Foreign Exchange Management Act (FEMA).

Public limited corporations can get money from the public and don't have to worry about how many shareholders they have. On the other hand, private limited businesses can only have a small number of shareholders and can't sell their shares on the open market.

Yes, a qualified auditor must do an annual statutory audit of public limited corporations.

Why should you sign up for Make Merchant to register your public limited company?

Prices that are fair and straightforward
Help from professionals with registering and obeying the rules
Quick processing with less paperwork
Full support for filings and legal compliance after registration
Services that are suited to exporters, importers, and major businesses.

Start a public limited company with Make Merchant Today!

Make your firm a real public limited company that may grow and attract investors. You don't have to worry about the registration process; just call Make Merchant right now for a free consultation and professional guidance.

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