Public Limited Company Registration in India is suitable for large businesses that want to raise capital from the public and scale operations nationally or globally. With higher transparency, strict compliance, and better access to funding, a Public Limited Company is ideal for enterprises aiming for long-term growth. This Saving Mantra guide explains what a Public Limited Company is, its benefits, eligibility, and the complete step-by-step registration process in India.
What is a Public Limited Company?
A Public Limited Company is a company registered under the Companies Act, 2013, that can offer its shares to the public and does not restrict the transfer of shares.
Public Limited Companies are regulated by the Ministry of Corporate Affairs and registered with the Registrar of Companies.
Key Features of a Public Limited Company
- Separate legal entity
- Limited liability of shareholders
- Minimum 7 shareholders required
- Minimum 3 directors required
- Free transferability of shares
- Higher disclosure and compliance standards
Benefits of Public Limited Company Registration
- ✔ Ability to raise funds from the public
- ✔ High credibility and brand value
- ✔ Limited liability protection
- ✔ Easy transfer of shares
- ✔ Better borrowing capacity
Eligibility Criteria
To register a Public Limited Company in India:
- Minimum 7 shareholders
- Minimum 3 directors
- At least one director must be a resident Indian
- No minimum paid-up capital requirement
- Directors must have valid DIN and DSC
Documents Required for Public Limited Company Registration
- PAN Card of directors and shareholders
- Aadhaar / Passport / Voter ID
- Passport-size photographs
- Proof of registered office address
- NOC from property owner (if rented)
- Digital Signature Certificate (DSC)
- Director Identification Number (DIN)
Step-by-Step Process for Public Limited Company Registration in India
Step 1: Obtain DSC
Apply for Digital Signature Certificates for all proposed directors.
Step 2: Name Reservation
Apply for name approval through SPICe+ Part A on the MCA portal.
Step 3: Draft MOA & AOA
Prepare Memorandum and Articles of Association in line with public company requirements.
Step 4: File Incorporation Forms
Submit SPICe+ Part B with AGILE-PRO, INC-9, and linked forms.
Step 5: Certificate of Incorporation
After verification, the Registrar of Companies issues the Certificate of Incorporation.
Time Required for Registration
⏱ 10–15 working days, subject to document accuracy and MCA approval.
Post-Registration Compliance
- Appointment of statutory auditor
- Opening company bank account
- Issue of share certificates
- Annual ROC filings (AOC-4, MGT-7)
- Conducting AGM & board meetings
Public Limited Company vs Private Limited Company
| Particular | Public Ltd Co | Private Ltd Co |
|---|---|---|
| Minimum Members | 7 | 2 |
| Public Fund Raising | Allowed | Not allowed |
| Compliance Level | High | Moderate |
Penalties for Non-Compliance
Failure to comply with statutory requirements may lead to:
- Heavy monetary penalties
- Late filing fees
- Director disqualification
Why Choose Saving Mantra?
- ✔ End-to-end public company registration
- ✔ Expert drafting of MOA & AOA
- ✔ Transparent pricing & fast processing
- ✔ Ongoing compliance and advisory support
Disclaimer
This blog is for informational purposes only and does not constitute legal, financial, or professional advice. Procedures, fees, and regulations may change as per government notifications. Readers are advised to consult professionals or the Ministry of Corporate Affairs before proceeding.
Conclusion
Public Limited Company Registration in India offers unmatched growth potential, credibility, and access to capital markets. Though compliance is higher, the benefits outweigh the effort for businesses aiming to scale big. With Saving Mantra’s expert guidance, the registration process becomes smooth, compliant, and efficient.