Apply for Public Limited Company Registration
Get the Public Limited Company Registration seamlessly
About Public Limited Company (PLC)
A Public Limited Company (PLC) in India is a voluntary association of members with a separate legal existence, where the liability of its members is limited. It can be either unlisted or listed on the Stock Exchange. PLCs have various options for raising funds, including bank loans, contributions from the general public, and investments from institutional investors.
A PLC offers several advantages over a Private Limited Company, such as the ability to have an unlimited number of members, ease of share transfer, and greater transparency, making it attractive to foreign investors. If you plan to raise funds from the public through an Initial Public Offer (IPO), incorporating a PLC is a strategic choice.
Typically, a PLC is established to generate capital from external sources like the general public for starting a business, expanding operations, technological advancements, or global expansion. However, it is more suitable for large organizations with a broad vision and high growth potential, rather than small local businesses.
Key Features that Differentiate a Public Limited Company from a Private Limited Company:
- Shares of a PLC are easily transferable, requiring only the filing and signing of a share transfer form.
- A PLC represents the highest corporate structure to start with.
- Shareholders in a PLC have a claim to part of the company’s assets and profits.
- A PLC can have an unlimited number of members.
- Shares in a PLC are easily transferable.
Choose your package
Transparent Pricing | Confidentiality Assured | Efficient delivery
Basic
- E-PAN
- E-TAN
- ESIC Registration through SPICe Plus
- PF Registration through SPICe Plus
- 2 e-copies of Share Certificates
- Bank Account opening (feature) through SPICe Plus
- 2 Digital Signature Certificates
- 2 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
Standard
- E-PAN
- E-TAN
- ESIC Registration through SPICe Plus
- PF Registration through SPICe Plus
- 7 e-copies of Share Certificates
- Bank Account opening (feature) through SPICe Plus
- 7 Digital Signature Certificates
- 3 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- GST Registration
- MSME Registration
- Trademark registration
Enhanced
- E-PAN
- E-TAN
- ESIC Registration through SPICe Plus
- PF Registration through SPICe Plus
- 7 e-copies of Share Certificates
- Bank Account opening (feature) through SPICe Plus
- 7 Digital Signature Certificates
- 3 Director Identification Numbers
- 1 Name Approval Application
- Stamp duty on INR 1 Lakh Authorized Capital
- Company Incorporation using SPICe+
- Copy of e-MOA & e-AOA
- GST Registration
- 1st Income Tax filing upto turnover of Rs. 30 Lakhs
- DIR 3 e-KYC of 2 Directors
- Company Seal
- Trademark Registration
- MSME Registration
- 1st Annual Filing upto turnover of Rs. 20 Lakhs
- Form ADT 1 (Auditor Appointment in AGM)
- Form AOC -4 (Form for filing financial statement and other documents with the Registrar)
- Form MGT -7 (Form for filing annual return by a company)
- Accounting and Book Keeping (up to 80 transactions)
Documents Required
Photograph of All Directors: Recent passport-sized photographs of all directors.
PAN Card of All Directors: A copy of the Permanent Account Number (PAN) card for each director.
ID Proof of All Directors: A valid ID proof for each director, such as:
- Driving License
- Passport
- Voter ID
Address Proof of Registered Office: A recent utility bill, such as:
- Electricity Bill
- Any other utility bill (e.g., water, gas, or landline telephone bill)
Benefits of Pan Card
Unlimited Access to Capital:
A PLC can raise substantial capital by issuing shares to the public through an Initial Public Offering (IPO) and other means, facilitating business expansion, technological advancements, and global reach.
Limited Liability:
Shareholders’ liability is limited to the amount they have invested in the company. This means their personal assets are protected in the event of the company’s financial distress.
Growth and Expansion Opportunities:
With access to larger capital, a PLC can undertake large-scale projects, expand into new markets, and invest in research and development, fostering growth and innovation.
Transferability of Shares: Shares of a PLC are easily transferable, which provides liquidity to shareholders. This can attract more investors as they can easily exit their investment.
Greater Transparency and Disclosure:
PLCs are required to adhere to stringent regulatory requirements, including regular financial disclosures and audits. This transparency builds trust with investors and stakeholders.
Wider Reach for Fundraising:
In addition to public investors, PLCs can also attract institutional investors such as mutual funds, insurance companies, and pension funds, further diversifying their capital base.
Improved Borrowing Capacity:
PLCs often have better access to bank loans and credit facilities due to their larger size, higher credibility, and stricter regulatory compliance.
Marketability of Shares:
Being listed on a stock exchange provides a market for the company’s shares, enhancing their marketability and value
General FAQ on PAN Application
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
What is a Public Limited Company?
A Public Limited Company (PLC) in India is a publicly traded entity that requires a minimum of seven members, with no limit on the maximum number of shareholders. It allows shares to be offered to the public and traded on stock exchanges.
What are the requirements to be a Director?
- Age: Must be over 18 years.
- Personhood: Must be a natural person.
- Citizenship and Residency: No limitations; foreign nationals can be Directors in an Indian Private Limited Company.
What is the capital required to start a Limited Company?
You can start a Limited Company with any amount of capital. However, a fee must be paid to the Government for issuing a minimum of shares worth Rs. 5 lakhs (Authorized Capital Fee) during incorporation. Proof of capital invested is not required during the incorporation process.
Is an office required for starting a Limited Company?
Yes, an address in India is required for the registered office of the Company. The premises can be commercial, industrial, or residential, where communication from the MCA will be received.
Do I have to be present in person to incorporate a Limited Company?
No, personal presence is not required. All documents can be scanned and sent via email, with some needing to be couriered to the office.
What are the documents required for incorporation?
- For Directors: Identity proof and address proof; PAN Card is mandatory for Indian nationals.
- For Registered Office: No Objection Certificate from the landlord, along with their identity and address proofs.
How long will it take to incorporate a Company?
IndiaFilings.com can incorporate a Limited Company within 14-20 days, depending on document submission and government approvals. To ensure speedy incorporation, choose a unique company name and have all required documents ready.
How long is the incorporation of the Company valid for?
Once a Company is incorporated, it remains active as long as annual compliances are regularly met. Non-compliance may lead to the Company becoming dormant and potentially being struck off the register, though it can be revived within 20 years.
How many people are required to incorporate a Limited Company?
To incorporate a Limited Company, a minimum of seven people are required, with at least three Directors and seven shareholders.
Still have questions?
Contact info@Taxpertconsultants.com today for a free consultation and expert guidance on your PAN application!
Call: +917008853241 Email: info@taxpertconsultants.com