Public Limited Company Registration in India
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What is a Public Limited Company?
A Public Limited Company (PLC) is a business structure registered under the Companies Act, 2013, that allows its shares to be offered to the public.
It provides limited liability protection, separate legal identity, and greater access to capital markets.
This structure is ideal for medium to large enterprises looking to grow, attract investors, or eventually list on a stock exchange (NSE/BSE).
Ideal For:
- Businesses planning to raise funds through investors or IPOs
- Large enterprises or corporate groups
- Companies with long-term scalability and brand-building goals
- Entrepreneurs looking for corporate governance and credibility
- Startups aiming for expansion through equity
- Businesses in manufacturing, infrastructure, finance, or technology with growth potential
- Groups or corporates looking to list on stock exchanges in future
- Businesses that need strong brand credibility to attract large clients
Advantages & Disadvantages
- Limited liability for shareholders.
- Easy transferability of shares.
- Strong brand and investor trust.
- Ability to raise funds publicly.
- Enhanced transparency and compliance credibility.
- Separate legal entity status.
- Suitable for large-scale growth and investment.
- High setup and compliance costs.
- More stringent regulatory and audit requirements.
- Mandatory board meetings and disclosures.
- Financial data becomes publicly available.
- Slower decision-making due to large management hierarchy.
How it works
- Acquire a Digital Signature Certificate (DSC)
- Director Identification Number (DIN)
- Name Reservation for the Company (SPICe+ Part A)
- Submission of Company Details (SPICe+ Part B)
- Preparation and Submission of Incorporation Forms (e-MOA, e-AOA, Agile)
What you get with TaxClue registration
- Digital Signature Certificates (DSCs)
- Director Identification Numbers (DINs)
- Certificate of Incorporation (COI)
- MOA & AOA (Company Constitution Documents)
- Professional Guidance on Share Allotment & Capital Setup
- ESIC and EPF Registration
- Free Compliance Advisory (GST, Accounting & ROC Filings)
Why register a Public Limited Company?
Registering a Public Limited Company gives your business strong legal backing, investor confidence, and operational flexibility.
- Limited Liability: Shareholders are protected from business debts.
- Separate Legal Entity: The company is independent of its owners.
- Fundraising Options: Easily raise capital through equity, debentures, or public issue.
- Brand Credibility: “Limited” status builds trust among clients, investors, and institutions.
- Perpetual Existence: Continues regardless of changes in directors or shareholders.
- Easy Transfer of Shares: Ownership can be transferred by share sale.
- Eligible for Listing: Can go public and get listed on the stock exchange after meeting SEBI norms
Documents Required
Aadhaar Card
Rent Agreement or Property Proof
PAN Card
No Objection Certificate (NOC) from Owner
Proof of Address (Bank Statement / Utility Bill)
Passport-size Photo
Post-Registration Compliances
After incorporation, a Public Limited Company must follow these key legal compliances:
- File Form INC-20A (Commencement of Business) within 180 days.
- Appoint First Auditor within 30 days of incorporation.
- Issue Share Certificates to all shareholders within 60 days.
- Conduct Board Meetings (minimum 4 per year).
- File Annual Return (Form MGT-7) and Financial Statement (Form AOC-4).
- Conduct Annual General Meeting (AGM) within 6 months of year-end.
- Maintain Statutory Registers & Minutes of Meetings.
- File Income Tax Return (ITR-6) annually.
- Comply with ROC Filings, Director KYC (DIR-3), and Audit Requirements.
- Stay Compliant Throughout the Year
Why Choose TaxClue ?
We combine expert advice with digital convenience — ensuring a smooth experience from start to finish.
End-to-End Registration Support
From name approval to incorporation certificate.
Transparent Pricing
No hidden charges, no surprises.
Post-Incorporation Guidance
GST, accounting, and compliance setup.
Dedicated Compliance Expert
One-point contact for your entire process.
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FAQ
Got Questions?
We've Got Answers!
What is a Public Limited Company?
A Public Limited Company (PLC) is a company registered under the Companies Act, 2013, which allows it to raise capital from the public by issuing shares.
It has limited liability, a separate legal identity, and is subject to stricter regulatory and disclosure norms than a private limited company.
Public Limited Companies are ideal for:
Large enterprises
Businesses seeking external investors or venture capital
Companies planning for listing on the stock exchange (IPO) in the future
What are the minimum requirements to register a Public Limited Company?
Minimum 3 Directors and 7 Shareholders
At least one director must be an Indian resident
Registered office address in India
Valid PAN, Aadhaar, and ID proofs of all directors/shareholders
Digital Signature Certificates (DSC) and Director Identification Numbers (DIN) for directors
No minimum capital requirement (can start with ₹1 lakh as per MCA norms)
(TaxClue manages the entire process online — from name approval to incorporation.)
What are the advantages of a Public Limited Company?
✅ Easy Fundraising: Can raise equity capital from the public, banks, and investors
✅ Limited Liability: Protects shareholders’ personal assets
✅ Separate Legal Entity: Company can own assets and enter contracts independently
✅ Perpetual Succession: The company continues despite director or shareholder changes
✅ High Credibility: Preferred by investors, lenders, and government bodies
✅ Potential to List on Stock Exchanges: Provides access to IPO and wider capital markets
What are the annual compliance requirements for a Public Limited Company?
Being a public entity, compliance is more extensive compared to private companies.
Mandatory annual compliances include:
Annual Return (Form MGT-7)
Financial Statements (Form AOC-4)
Director KYC (Form DIR-3 KYC)
Statutory Audit by a Chartered Accountant
Board & General Meetings (Minimum 4 Board Meetings a year)
Annual General Meeting (AGM) within 6 months of financial year-end
Income Tax Return (ITR-6) under the Income Tax Act
TaxClue ensures end-to-end compliance management to keep your company fully compliant with MCA and ROC requirements.
What is the process to register a Public Limited Company in India?
Here’s a simplified step-by-step process handled by TaxClue:
Digital Signature (DSC) & Director Identification Number (DIN) for all directors
Name Approval (RUN or SPICe+ Form) from the Registrar of Companies
Drafting MOA & AOA (Memorandum & Articles of Association)
Filing Incorporation Forms (SPICe+ Part B) along with proofs and declarations
Certificate of Incorporation (COI) issued by ROC along with PAN & TAN
⏱️ Timeline: Typically 10–15 working days, depending on approval speed and document readiness.
Can a Private Limited Company be converted into a Public Limited Company?
Yes ✅
A Private Limited Company can be converted into a Public Limited Company by:
Increasing the number of directors/shareholders (to minimum 3 & 7 respectively)
Altering the MOA & AOA
Passing a special resolution and obtaining approval from the Registrar of Companies
TaxClue provides full legal and compliance assistance for conversion, restructuring, and post-approval filings.