Overview of Public Limited Company Registration with Dhanvitt

Dhanvitt provides a hassle-free and efficient registration process for Public Limited Companies. Our team of experts ensures compliance with all legal requirements under the Companies Act, helping you from document preparation to registration with the Registrar of Companies (ROC). Once registered, you’ll receive important documents such as the Certificate of Incorporation, PAN, and TAN, positioning your business to go public and start operations smoothly.

Rules and Regulations

In India, the registration process for a Public Limited Company (PLC) is governed by specific laws and regulations. The primary legislation guiding this process is the Companies Act of 2013, which lays out the essential requirements for forming a PLC. These requirements include having a minimum number of directors and shareholders, fulfilling capital stipulations, and drafting key documents such as the Memorandum of Association and Articles of Association. Additionally, the Securities and Exchange Board of India (SEBI) regulates the issuance and trading of securities for PLCs, ensuring adherence to listing standards, disclosure requirements, and corporate governance practices. Furthermore, taxation regulations, including the Income Tax Act, apply, and PLCs must comply with financial reporting standards established by the Ministry of Corporate Affairs.

Requirements for Registering a Public Limited Company in India

Following is the eligibility for Public Limited Company Registration:

1. Minimum Directors: To establish a public limited company in India, you must have at least three directors, with at least one being a resident of the country.
2. Shareholders: A public limited company requires a minimum of seven shareholders. There is no upper limit on the number of shareholders allowed.
3. Authorized Capital: While there is no mandated minimum for authorized capital, it is necessary to declare the authorized capital amount during the registration process.
4. DIN and DSC: Each director must acquire a Director Identification Number (DIN) and a Digital Signature Certificate (DSC). The DIN can be obtained by submitting an application online to the Ministry of Corporate Affairs, while the DSC is essential for submitting documents electronically.
5. Name Approval: The chosen name for your public limited company must be distinct and not similar to any existing registered companies or trademarks. It should also comply with the naming criteria established by the Ministry of Corporate Affairs.
6. Registered Office: Your company must have an official registered office in India, which will act as the main communication and legal address. Documentation proving ownership or a lease agreement for the registered office is required.
7. Compliance with Laws: It is essential to adhere to all relevant laws and regulations, including the Companies Act of 2013 and other applicable legislation governing public limited companies.
8. Board Meetings and Annual General Meetings: Regular board meetings and an Annual General Meeting (AGM) should be conducted to address significant company issues, review financial statements, and make decisions. Accurate records of these meetings must be kept.
9. Statutory Compliance: Meeting statutory compliance obligations is crucial. This involves filing annual financial reports, appointing auditors, and complying with tax and regulatory requirements.

Documents Required for Public Limited Company Registration in India

Following is the list of all the vital documents for Public Limited Company Registration in India

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