Public Company Registration
Launch your public company in India with our reliable and efficient registration services
Within 10 working days
A public limited company is a popular corporate structure in India for businesses that aim to raise funds from the general public. Governed by the Companies Act, 2013, public companies offer transparency, limited liability, and credibility, making them a preferred choice for medium- to large-scale businesses.
Your Public Limited Company with Targolegal
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Step 1
Obtain Digital Signature Certificate (DSC)
Step 2
Apply for Director Identification Number (DIN)
Step 3
Reserve the Company Name
Step 4
Prepare Incorporation Documents
Step 5
Submit the Incorporation Application
Step 6
Obtain the Certificate of Incorporation
Key Features
Registration Process
Prerequisites for Registration
Documents Required
Key Features of a Public Limited Company
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Separate Legal Entity: Operates independently of its shareholders, ensuring continuity.
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Limited Liability: Shareholder liability is limited to their shareholding.
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Capital Accessibility: Can raise funds by issuing shares to the public or accepting deposits.
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Transferability of Shares: Shareholders can freely transfer shares.
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Statutory Compliance: Must adhere to rigorous regulatory and compliance standards.
Key Features
Registration Process
Prerequisites for Registration
Documents Required
Steps to Register a Public Limited Company
1. Obtain Digital Signature Certificate (DSC):
Directors must acquire DSC for electronic submissions.
2. Apply for Director Identification Number (DIN):
All directors need a DIN to manage company affairs.
3. Reserve the Company Name:
File an application via the SPICe+ portal for name approval.
4. Prepare Incorporation Documents:
Draft the MoA and AoA, which define the company’s objectives and operational framework.
5. Submit the Incorporation Application:
Use the SPICe+ form to file incorporation documents with the Registrar of Companies (RoC).
6. Obtain the Certificate of Incorporation:
After approval, the RoC issues a Certificate of Incorporation, marking the company’s legal existence.
Key Features
Registration Process
Prerequisites for Registration
Documents Required
Prerequisites for Registration
1. Directors and Members:
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Minimum of 3 directors and 7 members.
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At least one director must be a resident of India.
2. Unique Name:
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The company name must comply with MCA guidelines and not conflict with existing trademarks.
3. Minimum Capital:
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No specific minimum capital requirement; businesses can decide based on operational needs.
4. Registered Office Address:
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The company must provide proof of a registered office in India.
Key Features
Registration Process
Prerequisites for Registration
Documents Required
Documents Required
For Directors and Shareholders:
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PAN card (Indian nationals).
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Passport (foreign nationals).
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Address proof (Aadhaar, voter ID, utility bill).
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Passport-sized photographs
For the Registered Office:
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Utility bill (electricity, water, or gas) as proof of address.
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No Objection Certificate (NOC) from the owner if rented.
Company Documents:
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Memorandum of Association (MoA).
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Articles of Association (AoA).
FAQ
What is a Public Limited Company?
A Public Limited Company is a business entity that operates as a separate legal entity and allows public investment through share issuance. It provides limited liability protection to its shareholders and is governed by the Companies Act, 2013.
How many directors are required?
A minimum of 3 directors is mandatory, but there is no upper limit on the number of directors. At least one director must reside in India.
How many shareholders are needed?
A Public Limited Company requires at least 7 shareholders to establish, and there is no cap on the maximum number of shareholders.
What are the compliance requirements?
Compliance involves filing annual returns, holding annual general meetings (AGMs), statutory audits, maintaining proper accounting records, and adhering to regulatory requirements by the Registrar of Companies (RoC).
What is the minimum capital requirement?
Although there is no specific minimum capital requirement, businesses must declare an authorized capital sufficient to meet their operational and financial obligations.
Can a foreign national be a director?
Yes, foreign nationals can become directors, but the company must have at least one Indian resident director to comply with Indian regulations.
Is DSC mandatory?
Yes, a Digital Signature Certificate (DSC) is essential for filing documents electronically with the Ministry of Corporate Affairs (MCA).
What is DIN?
The Director Identification Number (DIN) is a unique number issued to individuals who wish to become directors in an Indian company. It is mandatory for all directors.
How is the company name reserved?
The company name is reserved by submitting an application through the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form. The name must adhere to naming guidelines.
What is the Certificate of Incorporation?
The Certificate of Incorporation is a legal document issued by the RoC that certifies the company's registration and existence as per Indian laws.
What documents are needed for directors?
Directors need to provide their PAN (for Indian nationals), passport (for foreign nationals), address proof (utility bill or bank statement), and passport-sized photographs.
Is a registered office necessary?
Yes, the company must have a physical address in India as its registered office for official correspondence and record maintenance.
Can shares be freely transferred?
Yes, in a Public Limited Company, shareholders can freely transfer their shares to others, providing liquidity and flexibility.
Who regulates public companies?
Public Limited Companies are regulated by the Ministry of Corporate Affairs (MCA), the Registrar of Companies (RoC), and the Securities and Exchange Board of India (SEBI) for listed companies.
What is the role of MoA and AoA?
The Memorandum of Association (MoA) outlines the company’s objectives, while the Articles of Association (AoA) define the rules and regulations governing internal operations.
How long does the registration process take?
Typically, the process takes 10–15 business days, depending on document verification and approval by the RoC.
Can the company raise public funds immediately?
No, additional compliance with SEBI regulations is required before issuing shares to the public. Approval may take additional time and procedures.
What is SPICe+?
SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) is an integrated online form used for name reservation, incorporation, and obtaining statutory registrations such as PAN and TAN.
Can a private company be converted into a public company?
Yes, by altering its MoA and AoA and obtaining shareholder and regulatory approval, a private company can convert into a public limited company.
What is the penalty for non-compliance?
Non-compliance can result in monetary fines, disqualification of directors, and legal action against the company, depending on the nature and severity of the violation.