Public Limited Company

A Public Limited Company (PLC) is a type of company that offers its shares to the general public and enjoys access to capital through public investment. It is governed by the Companies Act, 2013, and is ideal for businesses planning large-scale operations, fundraising through the public, or eventually getting listed on a stock exchange.

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Benefits of a Public Limited Company

Access to Public Capital: Ability to raise funds by issuing shares to the public.
High Credibility & Transparency: Mandatory disclosures enhance trust among investors, customers, and stakeholders.
Limited Liability: Shareholders’ liability is restricted to the amount unpaid on their shares.
Transferability of Shares: Easy transfer of ownership through the stock exchange or private sale.
Separate Legal Entity: Independent of its shareholders, offering perpetual succession.

Ideal For

Businesses planning to raise large-scale capital
Companies targeting an IPO or stock exchange listing in the future
Established firms looking to build trust and brand recognition
Organizations operating in regulated or capital-intensive sectors

Incorporation Process

Name Approval (RUN or SPICe+)
Unique name reservation through the Ministry of Corporate Affairs portal.
Document Preparation
Drafting of Memorandum (MoA) and Articles of Association (AoA), along with identity and address proofs of directors and subscribers.
Filing with ROC
Submission of incorporation forms including SPICe+, AGILE-Pro, e-MoA, and e-AoA.
PAN, TAN & GST Registration
Automatic generation of PAN and TAN; assistance in GST registration if applicable.
Post-Incorporation Compliance
Guidance on appointment of auditors, share certificates, and board resolutions.

Documents Required

PAN & Aadhaar of directors and shareholders
Passport (in case of foreign nationals)
Utility bill or bank statement for address proof
Proof of registered office (rent agreement, NOC, utility bill)
Passport-size photographs of directors
Digital Signature Certificate (DSC) for all proposed directors

What You’ll Get

Certificate of Incorporation
Company PAN & TAN
DIN & DSC for directors
GST registration (if required)
Drafted MoA & AoA
Assistance with post-incorporation filings and compliance

Frequently Asked Questions

Have a look at the answers to the most asked questions

What is the minimum number of directors and shareholders required?

A Public Limited Company must have at least 3 directors and 7 shareholders.

Is there a minimum capital requirement?

Yes, a minimum paid-up capital of ₹5 lakh is required for incorporation.

Can a Public Limited Company raise funds from the public immediately?

Only after obtaining approval from SEBI and listing on a recognized stock exchange can it invite the public to subscribe for its shares.

What is the difference between a Private and a Public Limited Company?

A Public Limited Company can raise capital from the public and has less restrictive rules on share transferability and ownership.

What post-incorporation compliances are necessary?

You must conduct a board meeting, appoint an auditor, issue share certificates, maintain statutory registers, and comply with ROC filings and audits.