Public Limited Company Incorporation in India

Know All About Public Limited Company

Any company that offers shares to the general public is a Public Limited Company. The stocks of public limited companies can be acquired by anyone through IPO (Initial Public Offer) or trading on the share market. However, to incorporate a public limited company in India there is a certain requirement.

Basic requirement for Public Limited Company Incorporation

1. Minimum 3 Directors
2. Minimum 7 shareholders
3. DIN of all proposed directors
4. 5 Lakh share capital
5. Digital Signature Certificate (DSC) of one of the director

List of Documents Required for Private Limited Company Incorporation

Documents of Partners

1. Identity Proof
2. Address Proof
3. Photograph
4. Passport (in case of NRIs or foreign nationals)

Documents of Public Limited Company

1. Address proof of registered office:

• Own office – Copy of electricity bill/landline bill/ water bill/ municipal khata copy/ property tax receipt
• Rented office – Rent agreement with an electricity bill of owner and No objection certificate (NOC) from the owner

1. DSC (Digital Signature Certificate) of the proposed directors
2. DIN (Directors Identification Number) of at least one director
3. Memorandum of Association (MOA)
4. Articles of Association (AOA)

Process of Public Limited Company Incorporation

Step 1: Obtain DSC

Step 2: Apply for DIN

Step 3: Application for name availability and approval

Step 4: Furnishing MOA (Memorandum of Association) and AOA (Articles of Association)

Step 5: Applying for PAN and TAN

Step 6: Public Limited Company Incorporation certificate issued by registrar of companies (ROC) along with PAN and TAN

Advantages of Public Limited Company

1. Public Limited Company is a separate legal identity
2. Members of the Public Limited Company has limited liability
3. Quick share transfer
4. Easy listing of shares in the stock market for general public
5. Increased borrowing capacity