Public Limited Company Registration

Public Limited Company Registration in India

Registering a Public Limited Company involves several essential steps. Start by selecting a unique name for your company and getting it approved. Next, form a team with at least two directors and seven shareholders, as there is no maximum limit on the number of shareholders. Prepare the key documents, including the Memorandum of Association (MOA) and Articles of Association (AOA), which define the company’s objectives and rules. Ensure you have the necessary share capital in place. Then, carefully prepare and submit all required forms, proofs, and declarations. Once the authorities review and approve your application, you will receive a Certificate of Incorporation, officially establishing your company. After registration, complete tasks such as obtaining a tax ID, opening a bank account, and fulfilling other statutory obligations. Engaging professionals with expertise in the legal and regulatory framework can help ensure a smooth and compliant registration process.

Minimum Requirement

• 1. Minimum at least three directors
• 2. Declare the authorized capital amount during registration.
• 3. Directors must obtain a Director Identification Number (DIN) and Digital Signature Certificate (DSC).
• 4. The proposed company name must be unique and comply with MCA guidelines.
• 5. Provide proof of ownership or a lease agreement for the registered office in India.
• 6. File annual financial statements, appoint auditors, and meet tax and legal obligations.

Document Requirement

• 1. Identity proof of all the Directors & Shareholders of the Company.
• 2. Address proof of all the Directors & Shareholders of the Company.
• 3. AOA & MOA of the Company.
• 4. DIN and DSC of all the Directors of the Company.
• 5. NOC or No Objection Certificate from the landlord where the office will be located.
• 6. Latest utility bills (not more than 2 months older) of the proposed registered office of the Company.

Procedure for Public Limited Company Registration

Following is the step by step procedure for Public Limited Company Registration:

• 1. Choose a unique company name.
• 2. Obtain Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for the proposed directors.
• 3. Apply for name reservation.
• 4. Prepare the Memorandum of Association (MOA) and Articles of Association (AOA).
• 5. Submit the incorporation application and required documents.
• 6. Await verification and approval.
• 7. Apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
• 8. Complete post-incorporation compliance, such as obtaining a Corporate Identification Number (CIN), opening a bank account, and registering for Goods and Services Tax (GST) if applicable.

Note: Registering a Public Limited Company typically takes several weeks to a few months, depending on the country and the complexity of the company’s structure.
Registering a Public Limited Company involves establishing a legal entity that allows shares to be offered to the public for purchase and traded on a stock exchange. The process requires meeting specific criteria, including a minimum share capital and the appointment of directors.

Validity and Renewal

Once a Public Limited Company is registered, it remains valid unless dissolved or removed from the Company Register. Typically, no renewal is needed unless there are changes to the company's details or legal requirements.

Suspension/Revocation of Service

A company's operations may be suspended for several reasons, including failure to comply with regulations, regulatory actions, financial challenges, or unforeseen circumstances. The suspension can be temporary or lead to the company’s dissolution.
Revocation, or liquidation, happens when a Public Limited Company becomes financially unsustainable or insolvent. This process typically requires a court order and involves selling the company’s assets to pay off debts, with any remaining funds distributed to shareholders.