Public Limited Company
Public Limited Company Registration
A Public Limited Company (PLC) is a business entity that offers shares to the public and is regulated under the Companies Act, 2013. It requires a minimum of 7 shareholders and 3 directors and enjoys high credibility in the market. Public limited companies can raise capital from the general public by issuing shares, making them an ideal choice for large-scale businesses.
Compliances for a Public Limited Company
Annual ROC Filings – File MGT-7 & AOC-4 for annual financials.
Board Meetings & AGM – Conduct minimum 4 board meetings & 1 Annual General Meeting (AGM) annually.
Statutory Audit – Financial statements must be audited by a registered Chartered Accountant.
Income Tax Filing – File annual ITR-6 with the Income Tax Department.
SEBI Compliance – If listed, comply with SEBI’s disclosure & regulatory norms.
GST Registration & Filing – Mandatory if turnover exceeds the prescribed limit.
TDS Returns – File quarterly TDS returns for salary & payments.
Stock Exchange Reporting – If listed, report quarterly & annual financials to SEBI & stock exchanges.
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LLPs must file TDS returns quarterly.
Advantages of Public Limited Company Registration
Easy Capital Raising – Can raise funds from the public by issuing shares.
Limited Liability – Shareholders are liable only for their subscribed capital.
Separate Legal Entity – The company exists independently of its owners.
Perpetual Succession – The company continues even if shareholders change.
Stock Exchange Listing – Option to list on stock exchanges for better credibility and funding.
Increased Business Opportunities – Enhanced trust among investors, customers, and stakeholders.
Higher Growth Potential – Access to funds allows for faster business expansion.
Documentation Required for Public Limited Company Registration
Director Identification Number (DIN) for Directors
Digital Signature Certificate (DSC) for Directors
PAN & Aadhar Card of Directors and Shareholders
Identity Proof (Passport, Voter ID, or Driving License) of Directors & Shareholders
Address Proof (Electricity Bill, Telephone Bill) of Registered Office
Memorandum of Association (MOA) & Articles of Association (AOA)
Declaration by Directors (INC-9 & DIR-2 forms)
Bank Statement for Financial Transactions
Proof of Share Capital Investment
No Objection Certificate (NOC) from Property Owner (if rented office space)
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Frequently Asked Questions (FAQs)
How many directors and shareholders are required to start a Public Limited Company?
A minimum of 3 directors and 7 shareholders are required.
Can a Public Limited Company be owned by one person?
No, it requires at least 7 shareholders and cannot be a One Person Company (OPC).
Is it mandatory to list a Public Limited Company on the stock exchange?
No, a Public Limited Company can remain unlisted but listing is beneficial for raising public funds.
What is the difference between a Private Limited and Public Limited Company?
Private Limited Company: Shares are privately held and not publicly traded.
Public Limited Company: Shares can be sold to the public and listed on the stock exchange.
What are the tax benefits for a Public Limited Company?
Public Limited Companies are eligible for various tax deductions, depending on their business activities.