Online Public Company Registration
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Public Ltd Company Registration in India - Online Process, Documents Required, Fees
Updated on Feb 11, 2024 10:39:28 AM
A Public Limited Company (PLC) offers the advantage of limited liability and the opportunity to raise capital by selling shares to the public. Suited for large businesses in need of substantial capital, PLCs are governed by the Companies Act, 2013. They have the option to list on the stock market, facilitating the sale of shares to the public through Initial Public Offerings (IPOs). Discover the advantages, steps, and prerequisites involved in registering a Public Limited Company.
What is a Public Limited Company?
A Public Limited Company (PLC) is a business entity characterized by limited liability and the issuance of shares to the general public to raise equity capital. Governed by the Companies Act, 2013, PLCs are registered under the Ministry of Corporate Affairs. They require a minimum of seven members for incorporation, with at least three members serving as directors of the company.
Process of Public Limited Company registration
Registration of a Public Limited Company entails a fully digital process, making the acquisition of a Digital Signature Certificate (DSC) a mandatory step. Both directors and subscribers to the company’s memorandum must procure a DSC from certified agencies. This online procedure, typically completed within 24 hours, involves three straightforward verifications: document, video, and phone verification.
When applying for the name of a Public Limited Company, you can utilize the SPICe RUN form, which is integrated within the SPICe+ form. During the name application process, it’s essential to specify the industrial activity code and object clause of the company.
At the time of company registration, linked forms known as SPICe e-MoA and e-AoA must be drafted.
The Memorandum of Association (MOA), as per section 2(56) of the Companies Act 2013, serves as the cornerstone of the company, outlining its constitution, powers, and objectives.
Meanwhile, the Articles of Association (AOA), defined in section 2(5) of the Companies Act, delineate the rules and regulations governing the company’s management.
Upon approval of the aforementioned documents by the Ministry of Corporate Affairs, the company will receive its PAN, TAN, and Certificate of Incorporation from the relevant department. Subsequently, the company must proceed to open a current bank account using these documents. Should you require assistance with this process, feel free to reach out to us.
How much does it cost to register PLC?
| Steps | Cost (Rs.) |
|---|---|
| Digital Signature Certificate | ₹7,000 |
| Government Fee | ₹1,800 |
| Professional Fee | ₹3,199 |
| Total Cost | ₹11,999 |
*Important Note: The total incorporation fees of a Public Ltd Company vary from state to state. Refer to the map for state-wise prices.
Documents required for Public Limited Company registration
To comply with the Companies Act 2013, you must furnish valid identity proof for members and directors, along with address proof for the business office. It’s noteworthy that owning a commercial property isn’t mandatory for company registration; your residential address suffices. The necessary documents include:
- Passport size photographs of members
- PAN Card copies of members
- Aadhar Card or Voter ID copies
- Recent bank statement (within two months)
- Proof of the registered business location
- No Objection Certificate from the property owner
Documents you’ll get after company registration
Post incorporation of Public Limited Company, you’ll receive the following documents:
- Certificate of Incorporation
- Permanent Account Number (PAN) of the company
- Tax Deduction or Collection Account
- Number (TAN) of the company
- Articles of Association (AoA)
- Memorandum of Association (MoA)
- Director Identification Number (DIN)
- Digital Signature Certificate (DSC)
- EPF and ESIC registration documents
- Company Master data
Why Taxvilla
On average, it takes around 7-10 working days to register a private limited company in India subject to document verification by MCA.
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