Overview of Public Limited Company Registration

Public limited companies have all of the rights of a corporation but have fewer liabilities, making them an excellent alternative for small and medium-sized businesses looking to raise equity capital from the general public.

We’ll go over all of the features, procedures, and documentation requirements for forming a public company in the sections below.

What is a Public Limited Company?

Public Limited Company, like other businesses, is governed by the rules and regulations of the Companies Act of 2013. A public corporation has limited responsibilities for its members and the ability to sell its shares to raise capital. In comparison to a Pvt. Ltd. Company, it can be formed with a minimum of three directors and has more severe laws and regulations.

It must have a minimum of seven members, but there is no limit on the number of members it can have. It has all of the advantages of a private limited company, plus more transparency and easy ownership and shareholding transferability. Public limited corporations are distinguished from private limited companies by their name, shares, creation, number of members, management, and directors, among other factors.

Documents Required for Public Limited Company Registration

All of the following documents must be collected and filed with the incorporation application:

Identity proof for all chosen directors and shareholders, such as Aadhar card, PAN card, driving licence, and voter id.
Proof of address for all of the company’s proposed directors and shareholders.
Details of all the directors and shareholders’ PAN cards
Utility invoices from the registered office, such as phone, gas, water, or electricity bills, can be used as residential verification of the business location. It should be no more than two months old.
A NOC (No Objection Certificate) from the business location’s landlord.
Directors’ Identification Number (DIN) All designated directors’ identification numbers
The chosen directors’ DSC (Digital Signature Certificate) and Memorandum of Association (MOA) and Articles of Association (AOA)