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Start Business /Public Limited Company Registration

A Public Limited Company (PLC) is a corporate entity that is registered under the Indian Companies Act. A PLC is recognized by law as a separate entity from its owners and it can enter into agreements and transactions under its own name. While a PLC continues to be owned and run by their owners, it has its own separate set of rules, obligations, regulations and legal rights. The owners of a PLC are called ‘shareholders’. There must be at least seven shareholders to form a PLC in India. The ownership interest of the entity is split into multiple units known as ‘shares’ and these are typically held by multiple individuals or corporations.

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Public Limited Company Registration

Selecting a Name

The first step in registering a Public Limited Company is to choose a unique name for the company that complies with the guidelines set by the Registrar of Companies (ROC) and is not similar to the name of any existing company.

Obtaining DSC and DIN

Prior to registration, a PLC must obtain a Digital Signature Certificate (DSC) and a Director Identification Number (DIN). DSC is a digital signature that is used for electronic filing of documents with the Registrar of Companies and DIN is a unique identification number issued by the ROC to the directors of the company.

Filing MOA and AOA

After obtaining the DSC and DIN, the next step is to draft and file the Memorandum of Association (MOA) and the Articles of Association (AOA) with the ROC. These are legal documents that outline the purpose, objectives, rules and regulations of the company. They must be filed electronically along with the applicable fees.

Securing Necessary Licenses and Permits

Depending on the nature of business proposed to be conducted, a PLC needs to obtain various licenses and permits as required by the laws of the state where the company is being registered. These may include a trade license, factory license, pollution control clearance, mining permit and other licenses as applicable.

Filing Form-1 and Form-18

After completing the steps described above, Form-1 and Form-18 will have to be filed with the Registrar of Companies along with the necessary documents and applicable fees. Form-1 is a declaration of compliance and Form-18 is a statement indicating the location where the registered office of the company is to be situated.

Holding of Statutory Meetings

After completing the above formalities, statutory meetings of the Board of Directors and the shareholders must be held, and pertinent resolutions must be passed. During these meetings, the MOA, AOA and other important documents of the company will be adopted.

Issuing Certificate of Registration

The Registrar of Companies will issue a Certificate of Incorporation after all the steps described above have been completed. This certificate serves as the legal proof of the registration of the company. A PLC should mandatorily obtain this Certificate of Incorporation before commencement of business operations.

Faq

A Public Limited Company can raise capital from the public by issuing shares, while a private limited company cannot. Also, a Public Limited Company is subject to more stringent regulatory requirements than a Private Limited Company.
As per the Companies (Amendment) Act, 2015, there is no minimum share capital requirement for starting a Public Limited Company in India.
A Public Limited Company is required to have at least two directors. However, depending on the jurisdiction, the number of directors may be higher.
A Public Limited Company is governed by a board of directors, who are elected by the shareholders. The board of directors is responsible for the management of the company and is accountable to the shareholders.
Anyone can buy shares in a Public Limited Company, subject to certain regulatory requirements.
A Public Limited Company has easier access to capital, greater prestige as a business entity, and a higher level of transparency.
The disadvantages of being a Public Limited Company include more stringent regulatory requirements, increased public scrutiny, and a higher level of accountability to shareholders.
Yes, a Public Limited Company can be converted to a Private Limited Company, subject to certain regulatory requirements.
A Public Limited Company is taxed on its profits at the corporate tax rate, which varies depending on the jurisdiction.

Our simplified process

01Drafting MOA and AOA

We help PLCs to draft the Memorandum of Association (MOA) and the Articles of Association (AOA), the two fundamental documents required for starting a PLC.

02Securing Licenses and Permits

We do all the paperwork required for securing necessary licenses and permits from various authorities based on the nature of business that the PLC intends to conduct.

03Securing Certificate of Incorporation

We help in filing all the required documents with the Registrar of Companies for issuing the Certificate of Incorporation.

Clients Speak

I have three words for Randal Legal Services . Prompt, diligent, and professional. I have approached the firm for company incorpation and trade marks. They took care of all of it from a to z. I didn't had to worry about anything. They listen to what you want and so far they have delivered it for me. The price is reasonable in my personal opinion. Worth my time and money. Anyone having headache with legal compliance you can come here. I hope they can keep up the professional standards they have right now and go beyond. Wish them all the best.

Sandeep C

I would like to thank the whole team of the firm in successfully completing trademark registration for my company. The procedure was completed hassle free at an affordable fee. You can't expect a better service and a lesser fees elsewhere. Excellent service, demonstrating professionalism and personal attention to all details. Thank you once again on doing a great job. I would highly recommend the firm.

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