Public Limited Company
Public Limited Company
Public Limited Company in India is a preferred business structure for large enterprises, growing companies, and organizations planning to raise capital from the public. Governed by the Companies Act, 2013, a public limited company offers greater access to funding, enhanced corporate credibility, and transparency in operations.
This article provides a comprehensive overview of public limited company registration in India, including its meaning, benefits, documentation requirements, incorporation timeline, and how Delhi Legal Company, a professional consultancy firm, can assist throughout the process.
What is a Public Limited Company in India?
A Public Limited Company (PLC) is a company registered under the Companies Act, 2013, which is permitted to offer its shares to the public and raise capital through equity, debentures, or public deposits (subject to regulatory approvals).
Key requirements for incorporating a public limited company in India include:
- Minimum 3 directors
- Minimum 7 shareholders
- At least one director must be a resident of India
- No restriction on the transfer of shares
- Mandatory use of “Limited” in the company name
Due to its ability to raise large-scale funding and its strong governance framework, a public limited company is ideal for businesses with expansion and listing plans.
Benefits of Public Limited Company Registration in India
Registering a public limited company offers several strategic advantages:
- Access to Capital Markets – Ability to raise funds through IPOs, rights issues, and private placements.
- Limited Liability – Shareholder’s liability is limited to their shareholding.
- Enhanced Market Credibility – Higher trust among investors, lenders, regulators, and the public.
- Free Transferability of Shares – Shares can be easily transferred, improving liquidity.
- Perpetual Succession – Continuity of the company regardless of changes in ownership.
- Scalability – Suitable for large operations and long-term growth strategies.
Documents Required for Public Limited Company Incorporation
The public limited company registration process in India requires the following documents:
- Digital Signature Certificate (DSC) for all proposed directors
- Director Identification Number (DIN)
- Name Approval Application through RUN or SPICe+ Part A
- SPICe+ Incorporation Form filed with the Ministry of Corporate Affairs (MCA)
- Memorandum of Association (MOA) specifying company objectives
- Articles of Association (AOA) detailing governance structure
- Identity and Address Proof of directors and shareholders
- Registered Office Address Proof (utility bill, lease deed, NOC from owner)
- Declaration and Affidavits by directors and subscribers
- Declaration by subscribers and directors
- PAN and TAN Application (integrated with SPICe+)
Foreign shareholders must provide apostilled or notarized documents, as per Indian regulations.
Process of Public Limited Company Registration in India
The incorporation of a public limited company generally involves the following steps:
- Company Name Approval with MCA
- DSC and DIN Registration for directors
- Drafting of MOA and AOA
- Filing of SPICe+ Form along with statutory documents
- Issuance of Certificate of Incorporation (COI) by MCA
- PAN, TAN & Bank Account Opening
How Delhi Legal Company Can Assist
Delhi Legal Company, a professional consultancy firm specializing in corporate and regulatory services, provides end-to-end assistance for public limited company registration in India, including:
- Strategic Advisory – Evaluating business objectives and recommending appropriate corporate structure
- Documentation & Drafting – Preparation of MOA, AOA, resolutions, and statutory declarations
- Regulatory Filings – Accurate filing of SPICe+, RUN, and related MCA forms
- Compliance Advisory – Guidance on ROC, SEBI, taxation, and corporate governance requirements
- Foreign Investment Support – Advisory on FDI norms and cross-border structuring
- Post-Incorporation Services – Ongoing legal, compliance, and corporate secretarial support
With in-depth regulatory knowledge and practical experience, Delhi Legal Company ensures smooth incorporation and long-term compliance.
Conclusion
Public Limited Company incorporation in India is an ideal option for businesses seeking large-scale funding, enhanced market presence, and corporate credibility. While the structure offers significant advantages, it also involves stringent compliance and governance obligations.
With professional support from Delhi Legal Company, businesses can navigate the incorporation process efficiently, maintain regulatory compliance, and focus on growth and expansion. Expert consultancy ensures legal clarity, operational efficiency, and confidence in India’s dynamic business environment.