Choose Excellence with Public Limited Company
Embrace the advantages of a public limited entity with our seamless registration process. Enjoy the flexibility of share transfers, an expansive member base, and the ability to offer shares to the public.
* Exclude Govt. Fee & DSC Charges .
Overview
We can summarise that public company, it can:
- freely transfer its shares;
- have members without any maximum limit;
- offer public to subscribe its shares;
Minimum Incorporation Requirement
- 3 Directors
- 7 Shareholders
- 1 Registered Office
- 0 minimum requirement of capital
Documents requirement
- Digital Signatures
- PAN/Aadhar of directors & subscribers
- Passport (For foreign Nationals)
- Residential Proof of directors & subscribers
- Registered office proof
- Memorandum of Association (MOA)
- Article of Association (AOA)
- Consent and other documents
Process to be followed
- Apply for Digital Signature of proposed members and directors of the Company.
- Ascertain name of the Company and check the availability of the same in accordance with section 4 of the Act and Rule 8 of the Companies (Incorporation) Rules 2014.
- File name application in PART A of web based form SPICE+, applicant can file two proposed name in this web based form, after approval of name, file incorporation documents again in PART B of web based form SPICE+.
- Alternatively applicant can directly file name and incorporation application together in Spice+, by filing PART A and PART B simultaneously but it may be noted that through Spice Plus only one name can be applied and all documents of the Company to be filed in such proposed name.
- Proposed directors of the Company can also apply for DIN in same form if they are not holding DIN prior to application. Maximum three directors can apply for DIN allotment at the time of application.
- Applicants needs to submit below given documents with Spice+
- E- Memorandum of Association in form INC 33
- E-Articles of Association in form INC-34
- Proof for Registered Office
- Declarations in prescribed format
- Id and Address proof for subscribers and directors etc.
- Spice plus will be submitted along with AGILE-PRO for application of GSTIN, EPFO, ESIC, Profession Tax, opening bank account, Shop and Establishment.
- After scrutiny by the Registrar at Central Registration Centre, in case of any deficiency the Registrar may call for additional documents or clarification after providing a chance to resubmit form within 15 days, however if all the documents and details are appropriate then Registrar will issue Certificate of incorporation in form INC-11.
What is included in this
FAQs
No, minimum requirement is 3, a public company should have minimum 3 Directors.
No, it is the decision of the Company whether to get their shares listed or not.
Firstly, application for name reservation i.e., in SPICE Part A needs to be submitted thereafter application for company incorporation will get filed in SPICE Part B and linked forms, the whole process may take 10-15 days or more depending upon the availability of documents and pendency with Central Registration Centre.
Advantages:
- Access to capital: Ability to raise funds from the public and financial institutions;
- Limited liability: Shareholders are liable only to the extent of their shareholding;
Disadvantages:
- Regulatory Burden: High level of legal compliance and public disclosure requirements;
- Market Pressures: Share prices can be volatile, and company performance is closely monitored by investors.
Some of the notable differences between Private Limited Company and Public Limited Company are:
Point of Difference | Private Limited Company | Public Limited Company |
Shareholders | 2-200 | Minimum 07, no maximum |
Directors | Minimum 02 | Minimum 03 |
Regulatory Scrutiny | Less Compared to Public Limited Company | High due to public trading |
Financial Disclosure | Limited Disclosure Requirements | Required to publish detailed financial statements publically |
Capital Raising | Limited to private sources and cannot publically list shares | Can issue shares to the public and raise capital through public investment |
