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A Public Limited Company (PLC) is an ideal business structure for entrepreneurs looking to operate large-scale enterprises in India. Unlike private limited companies, PLCs have the advantage of raising funds from the general public by offering shares on stock exchanges. This enables businesses to access a broader capital base for expansion and growth while enjoying the benefits of limited liability and corporate status.

ASK Associates provides expert guidance to streamline the registration and compliance process for Public Limited Companies in India, ensuring a hassle-free setup.

What is a Public Limited Company?

A Public Limited Company is a legally recognized corporate entity that allows public investment through publicly traded shares. These shares are bought and sold on stock exchanges, attracting a diverse group of investors and brokers.

Unlike private limited companies, PLCs are subject to stricter regulatory frameworks under the Companies Act, 2013. A PLC must have a minimum of seven shareholders, while there is no upper limit on the number of shareholders. The company is governed by a Board of Directors elected by the shareholders, ensuring efficient management and strategic oversight.

Key Features of a Public Limited Company

1. Board of Directors – A PLC must have at least three directors, with no maximum limit. The board plays a crucial role in corporate governance and decision-making.
2. Company Name – Every PLC must include the word “Limited” in its official name, signifying its public status.
3. Prospectus Requirement – A PLC must issue a prospectus detailing financial and operational aspects to potential investors.
4. Capital Flexibility – While there is no minimum share capital requirement, PLCs have the flexibility to structure their capital as per business needs.

Types of Public Limited Companies

• Listed PLC – These companies have shares publicly traded on stock exchanges, allowing liquidity and broader investor participation.
• Unlisted PLC – While these companies have multiple shareholders, their shares are not traded on public exchanges, reducing regulatory obligations.

Requirements for Public Limited Company Registration

1. Minimum Shareholders – At least seven shareholders are required.
2. Board of Directors – A minimum of three directors must be appointed, each holding a Director Identification Number (DIN).
3. Authorized Share Capital – A minimum of Rs. 1 lakh is recommended.
4. Digital Signature Certificate (DSC) – Required for electronic submission of incorporation documents.
5. Company Name Approval – The proposed name must be unique and comply with the Companies Act guidelines.
6. Memorandum & Articles of Association (MOA & AOA) – Essential documents outlining the company’s constitution and operational framework.

Benefits of Registering a Public Limited Company

• Access to Public Capital – Enables companies to raise funds from investors through stock exchanges.
• Limited Liability – Shareholders’ liability is limited to their investment.
• Growth Potential – Enhanced credibility and increased opportunities for expansion.
• Share Liquidity – Shareholders can trade stocks easily, ensuring flexibility in ownership.

Documents Required for Registration

• Identity proof (Aadhar, PAN, Voter ID) for shareholders and directors.
• Address proof of shareholders and directors.
• Company office address proof.
• Digital Signature Certificates (DSC) for directors.
• Memorandum of Association (MOA) and Articles of Association (AOA).

Public Limited Company Registration Process

1. Obtain DSC & DIN – Digital signatures and Director Identification Numbers are obtained for directors.
2. Company Name Approval – Verify and reserve the company’s name through the MCA portal.
3. File SPICe+ Form – Submit incorporation documents, including MOA and AOA.
4. Certificate of Incorporation – Issued by the Registrar of Companies upon approval.
5. Apply for PAN & TAN – Mandatory for taxation purposes.
6. Open a Corporate Bank Account – Essential for business transactions.

Why Choose ASK Associates?

ASK Associates provides end-to-end assistance for Public Limited Company registration, ensuring compliance with legal requirements and smooth incorporation. Our experts handle all documentation, regulatory approvals, and procedural formalities, enabling you to focus on growing your business.

Get started today with ASK Associates and establish your Public Limited Company effortlessly.