Public Limited Company
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A Public Limited Company (PLC) is a business entity registered under the Companies Act, 2013, that can offer shares to the public and has limited liability.
It is ideal for large-scale businesses looking to raise capital from the public or financial institutions.
Key Features
Minimum 3 Directors and 7 Shareholders
No maximum limit on shareholders
Can invite the public to subscribe to its shares
Must add “Limited” at the end of its name
Requires registration with the Registrar of Companies (ROC)
Eligibility Criteria
Minimum 3 Directors (one must be a resident of India)
Minimum 7 Shareholders
Registered office in India
Minimum paid-up capital: ₹5 lakh (no mandatory cap, but usually required for credibility)
Documents Required
For Directors/Shareholders:
PAN Card
Aadhaar Card
Passport-size Photo
Address Proof (Bank Statement / Utility Bill – recent)
For Registered Office:
Electricity / Water / Gas Bill (not older than 2 months)
Rent Agreement + NOC from owner (if rented)
Property ownership proof (if owned)
Schedule a free consultation
Step-by-Step Registration Process
Digital Signature Certificate (DSC) – for all proposed directors
Director Identification Number (DIN) application
Name Approval via SPICe+ Part A (ends with “Limited”)
Drafting MOA & AOA (Memorandum & Articles of Association)
Filing Incorporation Application (SPICe+ Part B) with ROC
Verification & Approval by the Registrar of Companies
Certificate of Incorporation (COI) issued by ROC
Benefits
Separate legal identity
Limited liability protection
Easy to raise funds via public issue or private placement
Better credibility & brand image
Perpetual existence (independent of directors/shareholders)
Post-Registration Compliances
Appointment of auditor within 30 days
Hold board & general meetings as per Companies Act
Maintain statutory registers & records
File annual returns (MGT-7) and financial statements (AOC-4)
Income Tax return filing every year
ROC compliances & disclosures for shareholding and directorship
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