Public Limited Company Registration with Consult Your Counsel
For Visionary Entrepreneurs – Where Legal Precision Meets Scalable Growth
A Public Limited Company (PLC) is the ideal business structure for enterprises planning to raise capital from the public and expand on a national or global scale. Unlike Private Limited Companies, a PLC can offer shares to the public and be listed on stock exchanges, enabling enhanced access to funding and investor trust.
At Consult Your Counsel, we provide comprehensive legal assistance for Public Limited Company registration in India. From documentation and approvals to regulatory compliance, our expert legal team ensures your incorporation is efficient, transparent, and fully compliant.
What is a Public Limited Company?
A Public Limited Company, governed by the Companies Act, 2013, allows for public shareholding and unrestricted share transfers. It requires a minimum of 7 shareholders and 3 directors, with no cap on the number of shareholders.
Such companies are ideal for high-growth ventures seeking capital through IPOs, institutional investments, or public fundraising, while maintaining legal credibility and corporate governance.
Key Features
- Minimum 3 Directors (at least one must be an Indian resident)
- Minimum 7 Shareholders
- No Maximum Limit on Shareholders
- Mandatory “Limited” Suffix in Company Name
- Shares Freely Transferable
- Eligible for Listing on Stock Exchanges
- Regulated by the Companies Act, 2013
Types of Public Limited Companies
- Listed Public Limited Company
Registered on stock exchanges, subject to SEBI compliance, allowing public share trading. - Unlisted Public Limited Company
Not listed but allows broader private ownership with increased capital flexibility.
Advantages
- Public Fundraising Access: Attract capital from retail and institutional investors.
- Limited Liability: Shareholders’ risk is confined to their investment.
- Share Liquidity: (For listed entities) Shares can be bought/sold on stock exchanges.
- Perpetual Succession: The company exists beyond changes in management or ownership.
- Credibility & Transparency: Higher trust from regulators, investors, and banks.
- Loan & Credit Access: Easier financing from banks and NBFCs.
Minimum Requirements
- Shareholders: Minimum 7
- Directors: Minimum 3 (one must be a resident Indian)
- Authorized Capital: ₹1 lakh minimum
- DIN & DSC: Required for all directors
- Company Name: Unique and must end with “Limited”
- MOA & AOA: Clearly define company’s objectives and internal governance
- Registered Office Proof: Mandatory for incorporation
Documents Required
- PAN Card of all Directors and Shareholders
- Address Proof (Aadhaar, Passport, Voter ID, etc.)
- Utility Bill of Registered Office (within 2 months)
- No Objection Certificate (from landlord, if rented)
- Passport-sized Photograph
- Digital Signature Certificate (DSC)
- Director Identification Number (DIN)
- Drafted MOA & AOA
Registration Process
Step 1: Obtain DSC for proposed directors
Step 2: Apply for DIN
Step 3: Reserve Name via SPICe+ (Part A)
Step 4: Draft MOA & AOA
Step 5: File SPICe+ (Part B) for Incorporation
Step 6: Obtain Certificate of Incorporation (COI)
Step 7: Apply for PAN & TAN
Step 8: Open a Business Bank Account
Additional Registrations (As Applicable)
- GST Registration
- Import Export Code (IEC)
- Industry-Specific Licenses
- ESIC and EPFO Registration
- SEBI Approval (for listed companies)
Why Choose Consult Your Counsel?
- Expert Legal Advisory: Corporate structuring and SEBI-compliant services
- Complete Registration Support: From DSC to incorporation and beyond
- Compliance-Focused: ROC, MCA, SEBI, and tax law adherence ensured
- Strategic Business Insight: Tailored legal advice for capital and expansion goals
- Transparent & Timely Delivery: No hidden costs, no delays