What Is a Public Limited Company?
A Public Limited Company (PLC) is a company that has offered shares to the general public and has limited liability. Unlike a Private Limited Company, there is no restriction on the maximum number of shareholders, and shares can be easily transferred.
Being a public company allows a firm to sell shares to investors, which is beneficial for raising large amounts of capital. However, it requires stricter compliance with ROC and SEBI regulations.
Key Features
- Directors: Minimum 3 Directors, Maximum 15.
- Shareholders: Minimum 7 Members, No maximum limit.
- Name: Must use the word "Limited" at the end of its name.
- Funding: Can raise funds from the public by issuing shares (IPO).
- Prospectus: Must issue a prospectus (detailed statement of affairs) for the public.
Pre-requisites for Incorporation
- Proposed Name must be unique.
- All Directors must have Active DIN.
- Digital Signature (DSC) for all Directors.
- Decide Authorized Share Capital (Stamp duty depends on this).
Documents Required
We require the following scanned documents for all proposed Shareholders and Directors:
Identity & Address Proof
Registered Office Proof
Our Registration Process
Documentation & Name Approval
We collect documents and finalize 2 proposed names. (Day 1)
DSC Application
We apply for Digital Signatures for all directors. (Day 1)
Incorporation Filing
We file the Incorporation forms with ROC, certified by a CA/CS. (Day 2)
Approval & Certificate
ROC generally approves within 1-2 days. You receive the Certificate, PAN, and TAN.
Post-Incorporation Compliances
A Public Limited Company has higher compliance requirements:
- File Commencement of Business (INC 20A) within 180 days.
- Appointment of Statutory Auditor.
- Regular filing of ROC Annual Forms & Director KYC.
- If listed, compliance with SEBI and Stock Exchange regulations.
Discuss your requirement
Tell us about your business and we will explain the process, documents and timelines.