Public Limited Company Registration in India

Get end-to-end assistance from chartered accountants for public limited company registration, including MOA/AOA drafting, DSC, DIN, ROC filing, certificate of incorporation, and post-registration compliance.

Certificate of Incorporation
CIN
ISSUED
Company Type
Public Limited
Min. Directors
3
Min. Shareholders
7
Filed With
ROC / MCA
Status
Ready to Trade

What Is a Public Limited Company?

A Public Limited Company (PLC) is a company registered under the Companies Act, 2013, that can offer its shares to the public and, if it chooses, list on a stock exchange. It requires a minimum of 7 shareholders and 3 directors, with no upper limit on the number of shareholders.

Unlike a private limited company, a PLC can raise capital by inviting public investment. This makes it suitable for businesses planning significant expansion, external fundraising, or a future IPO

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Why Choose a Public Limited Company?

A Public Limited Company can be a suitable structure for businesses planning large-scale growth, wider investment, and long-term expansion

01

Raise Capital from the Public

Issue shares to public investors instead of relying only on promoter funds or private investment.

02

Stronger Business Credibility

The PLC structure can provide greater credibility with banks, vendors, investors, and large customers.

03

Suitable for Large Businesses

With no upper limit on shareholders, the structure can support businesses with a broad ownership base.

04

Support Long-Term Expansion

The structure can support larger fundraising plans and may provide a path toward a future public listing.

05

Greater Investor Confidence

Higher disclosure and compliance requirements can provide investors with greater transparency about the company.

06

Separate Legal Identity

The company has a separate legal identity from its shareholders, helping protect their personal liability.

Is a Public Limited Company Right for Your Business?

A Public Limited Company can be suitable for businesses planning large-scale expansion, wider investment, or future public fundraising. For early-stage businesses that are still testing their business model, a Private Limited Company may be a more practical starting point because a Public Limited Company involves higher compliance requirements.

Benefits of a Public Limited Company

Limited Liability

Shareholders’ liability is generally limited to their shareholding, subject to applicable law

Perpetual Succession

The company continues to exist even when shareholders or directors change.

Access to Capital Markets

Eligible companies can raise funds through public share issues and may pursue an IPO.

Transferability of Shares

Shares can generally be transferred, subject to the company’s rules and applicable regulations.

Equity-Based Compensation

Companies can use equity-based compensation structures to attract and retain employees.

Structured Governance

Board, audit, and disclosure requirements create a more structured governance framework.

Public Limited Company vs Private Limited Company

The right structure depends on your fundraising plans, ownership requirements, and the level of compliance your business can manage. Here’s a quick comparison

Feature Public Limited Private Limited
Minimum Shareholders 7+ 2
Maximum Shareholders No limit 200
Minimum Directors 3 2
Can Issue Shares to Public Yes No
Can List on Stock Exchange (IPO) Yes No
Transfer of Shares Generally freely transferable Restricted
Compliance Burden Higher Lower
Suited For Large-scale businesses & wider fundraising Startups & small to mid-size businesses

Shareholders

Minimum 7 shareholders, with no upper limit.

Directors

Minimum 3 directors, including at least 1 resident director in India.

Capital

There is no minimum paid-up capital requirement under the current rules.

Registered Office

A valid and verifiable registered office address in India is required for incorporation.

Documents Required for Public Limited Company Registration

Identity Proof

PAN and Aadhaar of Indian directors and shareholders; passport for foreign nationals where applicable

Address Proof

Recent utility bill or bank statement as applicable for directors and shareholders.

 

Registered Office Proof

Recent utility bill and No Objection Certificate (NOC) from the property owner.

Photographs

Recent passport-size photographs of the directors.

 

DSC & DIN

Digital Signature Certificate (DSC) and Director Identification Number (DIN) for the directors.

MOA & AOA

Memorandum of Association and Articles of Association prepared according to the company’s business structure

 

Public Limited Company Registration Process

01

Obtain DSC and DIN for the proposed directors.

02

Name Approval

Reserve the company name through the applicable MCA name reservation process

03

MOA & AOA Drafting

Prepare the Memorandum and Articles of Association based on the company’s business objectives and rules

04

SPICe+ Filing with ROC

Submit the incorporation application and required documents to the Registrar of Companies.

05

PAN, TAN & Bank Account

PAN and TAN are issued through the incorporation process; the company can then proceed with bank account opening.

06

Certificate of Incorporation

Receive the Certificate of Incorporation and CIN confirming the company’s incorporation.

Public Limited Company Registration Fees & Timeline

The two things founders usually want to know first: how much registration costs and how long it takes.

Government Fees

Varies based on applicable government fees and authorized share capital.

Professional Fees

Fixed and transparent professional charges based on the services required.

Typical Timeline

Approximately 7–15 working days*, subject to document readiness and ROC processing.

Timeline

From name approval to Certificate of Incorporation, depending on the application and processing time.

Government fees may vary based on authorized share capital and applicable charges. The actual timeline depends on document readiness, approvals, and ROC processing. We confirm the applicable fees and expected timeline before starting the registration.

Services Included

Why Choose Sharda Associates?

CA-Led Documentation

MOA, AOA, and incorporation documents reviewed by chartered accountants.

CA-Led Documentation

One team handles the process from documentation to Certificate of Incorporation

CA-Led Documentation

MOA, AOA, and incorporation documents reviewed by chartered accountants.

CA-Led Documentation

One team handles the process from documentation to Certificate of Incorporation

Post-Registration Compliance & Related Services

First Board Meeting

Held within the prescribed period after incorporation.

Statutory Auditor Appointment

Appointment of the first auditor within the applicable time limit.

Commencement of Business

Required declaration filed where applicable after receiving subscribed capital.

Annual ROC Filings

Annual returns and financial statements filed with the Registrar

Board Meeting Compliance

Required board meetings conducted and documented as prescribed.

Statutory Registers

Registers relating to members, directors and other statutory records maintained.

Related Services

Frequently Asked Questions

Typically 7 to 15 working days from name approval to Certificate of Incorporation, depending on document readiness and ROC processing time.

For most businesses—including startups, growing SMEs, and even pre-IPO companies—a private limited company is the appropriate structure. A PLC is specifically needed when you plan to offer shares to the public (IPO), your shareholders will exceed 200, or a sector regulation specifically requires it. A private limited company can be converted to a public limited company later when genuinely needed. We'll confirm which structure is right for your situation before filing.

Minimum 7 shareholders (no maximum limit) and minimum 3 directors, with at least one director being an Indian resident — defined as someone who has spent 182+ days in India in the previous financial year.

No. The earlier ₹5 lakh minimum paid-up capital requirement was removed by the Companies Act, 2013. There is currently no statutory minimum capital requirement for incorporating a Public Limited Company in India.

Under the Companies Act, 2013, a Public Limited Company's name must end with "Limited" (not "Private Limited"). This is a legal naming requirement that reflects the company's structure — it distinguishes a PLC from a Private Limited Company (which ends in "Private Limited") in all legal documents, contracts, and filings.

Yes — conversion from Private Limited to Public Limited is a defined process under the Companies Act, involving a board resolution, special resolution by shareholders, amended AOA, and ROC filing. This is typically done when a company is preparing for an IPO or otherwise genuinely needs the PLC structure. It is a more common path than incorporating as a PLC from the outset for companies uncertain about their long-term structure.

A Public Limited Company can remain unlisted — it carries PLC-level shareholder and director requirements and complies with the Companies Act, but is not listed on a stock exchange and is not subject to SEBI's listing regulations. Listing (on BSE or NSE) is a separate decision and process that adds substantial additional compliance. An unlisted PLC is rarer; most companies choose PLC specifically because they intend to list.

We start with a structure conversation (confirming PLC is right for you), then handle DSC/DIN, name reservation, MOA/AOA drafting specific to your business, SPICe+ filing, and follow-through to Certificate of Incorporation. Post-incorporation: first board meeting documentation, statutory registers, and ongoing annual compliance. Call +91 89899 77769.