Key Characteristics of a Public Limited Company

A Private Limited Company in India is a privately held entity with limited liability. It is one of the most popular business structures due to the following advantages:

• Board of Directors: A Public Limited Company must have at least three directors, with no upper limit. The board oversees the company's governance and strategic decisions.
• Company Name: The word 'Limited' must be part of the company name, indicating it's a public entity, open to stock market trading and public investment.
• Prospectus: Public companies must issue a prospectus detailing operations and financials, providing potential investors with critical insights.
• Paid-Up Capital: There's no minimum capital requirement for registration, offering flexibility to companies in structuring their finances.

Types of Public Limited Company

• Listed Company: Shares are actively traded on stock exchanges, providing greater liquidity and exposure to a wide range of investors.
• Unlisted Company: Shares are not publicly traded, offering fewer transfer restrictions but less public scrutiny.

Advantages of Public Limited Company Registration

• Access to Capital: Raise funds through public share offerings, providing significant capital for growth.
• Financial Flexibility: Public companies can utilize diverse financial options, backed by investor confidence.
• Limited Liability: Shareholders liability is limited to their investment.
• Growth Opportunities: Public listing can drive expansion by attracting more funds and improving operational efficiency.
• Flexible Shareholding: No limit on the number of shareholders.
• Easy Share Trading: Shares can be easily traded, attracting more investors and offering liquidity to shareholders.

Public Limited Company Registration Procedure

• Check Company Name Availability: Ensure the name is available and compliant with trademark laws.
• File SPICe+ Form: Complete and submit this comprehensive form along with MOA and AOA.
• Certificate of Incorporation: Once approved, the ROC will issue this legal certificate with your Corporate Identification Number (CIN).
• Apply for PAN and TAN: Essential for tax-related transactions.
• Open a Company Bank Account: Use the incorporation certificate and other relevant documents.

Additional Steps

You may also need to register for GST, obtain an import/export code, or secure industry-specific licenses based on your business nature.

Register Your Company with Oneasy

At OnEasy, we provide expert guidance to ensure a smooth and compliant registration process for your Public Limited Company. We handle all documentation, including DSC, DIN, MOA, and AOA, making it easier for you to focus on business growth while we manage the legal formalities. Get started with OnEasy today and establish your Public Limited Company with ease!