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Public Limited Company Registration with NDS Advisory: Your Trusted Partner in India
In India, a Public Limited Company (PLC) is an ideal business structure for large-scale operations. If you are an entrepreneur seeking to scale your business, registering a Public Limited Company with NDS Advisory can unlock significant opportunities. A PLC allows businesses to raise funds by offering shares to the public through stock exchanges, providing access to a wider capital pool for growth.
At NDS Advisory, we simplify the entire public limited company registration process, ensuring that your business setup is smooth, legal, and fully compliant with all regulations.
Start Your Public Limited Company Registration Today with NDS Advisory!
What is a Public Limited Company (PLC) in India?
A Public Limited Company (PLC) in India is a corporate entity that enables the general public to invest in the company by buying and selling shares, typically on a stock exchange. Governed by the Companies Act of 2013, a Public Limited Company offers advantages like limited liability and easier access to capital through public investments.
Key Points to Remember:
Minimum Shareholders: A PLC in India requires at least 7 shareholders, with no upper limit on the number of shareholders.
Regulatory Oversight: Public limited companies are subject to strict regulatory standards, including periodic disclosures and audits.
Board of Directors: Managed by a board elected by shareholders, the PLC is governed by corporate policies that align with the interests of its investors.
Key Features of a Public Limited Company
Understanding the key characteristics of a PLC is essential for any entrepreneur looking to register a public limited company in India:
Board of Directors: A PLC must have a minimum of 3 directors, with no maximum limit. The board plays a central role in managing the company’s activities and strategic decisions.
Company Name: The name must include the word “Limited”, signifying its status as a public entity.
Prospectus: A PLC must issue a detailed prospectus, providing essential financial and operational information for potential investors.
Capital Requirements: While there is no specific minimum capital requirement, the company must have sufficient capital to meet its operational needs.
Types of Public Limited Companies
Listed Public Limited Companies:
These companies have shares listed and traded on stock exchanges, giving them access to public investment and higher liquidity.Unlisted Public Limited Companies:
While they are also public entities, their shares are not traded on stock exchanges. These companies may avoid some of the regulatory scrutiny and offer less liquidity for their investors.
Requirements for Public Limited Company Registration in India
If you are planning to register your public limited company in India, there are a few key requirements to meet:
Minimum Shareholders: A minimum of 7 shareholders is required for registration.
Board of Directors: You need a minimum of 3 directors, each possessing a valid Director Identification Number (DIN).
Authorized Share Capital: A minimum authorized share capital of Rs. 1 lakh is required.
Digital Signature Certificate (DSC): A DSC for at least one director is mandatory for online filing of forms.
Company Name: The name should comply with the Companies Act, and you must ensure it is unique.
Foundational Documents: You will need to prepare the Memorandum of Association (MOA) and Articles of Association (AOA).
Advantages of Public Limited Company Registration
Registering as a Public Limited Company offers several advantages that can significantly benefit your business:
Easier Access to Capital: You can raise funds by selling shares to the public, boosting your capital for expansion projects.
Limited Liability: Shareholders’ liability is limited to the amount of their investment, protecting them from financial risk.
Increased Credibility: PLCs are perceived as more credible by investors, clients, and customers.
Growth Opportunities: Access to funds through public investment can significantly fuel your business’s growth and expansion.
Liquidity for Investors: Shares of a PLC can be traded on the stock market, offering liquidity and investment flexibility.
Documents Required for Public Limited Company Registration
To register your Public Limited Company with NDS Advisory, you will need to prepare the following documents:
Identity Proof: Aadhar card, PAN card, or voter ID for all directors and shareholders.
Address Proof: Proof of residence for directors and shareholders.
PAN Card Details: PAN details for the directors, shareholders, and members.
Office Address Proof: A utility bill not older than two months to confirm the company’s office address.
Landlord Consent: A letter from your landlord giving permission for the company to operate at the business address.
Digital Signature Certificates (DSC): Required for directors to authenticate documents electronically.
Foundational Documents: The MOA and AOA are mandatory.
Step-by-Step Process for Public Limited Company Registration
The process of registering a Public Limited Company in India involves several steps. Here’s a detailed breakdown:
Step 1: Obtain Digital Signature Certificates (DSC)
Each director must obtain a Digital Signature Certificate (DSC) for submitting documents online.
Step 2: Apply for Director Identification Number (DIN)
Apply for a DIN for each director using the SPICe form. This is a legal requirement for company formation.
Step 3: Choose and Check Availability of Company Name
Use the MCA Portal to check if your preferred company name is available. It must not violate any trademarks or be similar to an existing name.
Step 4: File SPICe+ Form
Submit the SPICe+ form along with the MOA and AOA. The SPICe+ form simplifies the registration process by combining multiple forms into one.
Step 5: Receive Certificate of Incorporation
Once the Registrar of Companies (ROC) verifies your documents, you will receive the Certificate of Incorporation, which is proof of your company’s legal existence.
Step 6: Apply for PAN and TAN
Apply for the company’s PAN and TAN after receiving the Certificate of Incorporation.
Step 7: Open a Corporate Bank Account
With the Certificate of Incorporation and other relevant documents, open a corporate bank account to manage your company’s finances.
Why Choose NDS Advisory for Public Limited Company Registration?
At NDS Advisory, we simplify the complex process of registering a Public Limited Company in India. With our experienced team, we handle everything from Digital Signature Certificates (DSC) and DIN applications to filing forms and ensuring full regulatory compliance.
Our expert guidance will help you navigate the paperwork and legal requirements, so you can focus on expanding your business. With NDS Advisory, you can confidently establish your Public Limited Company and position yourself for success.
Start Your Public Limited Company Registration with NDS Advisory Today!
Get started on the path to establishing your Public Limited Company in India with NDS Advisory. Our team will ensure that your registration is quick, efficient, and legally compliant. Contact NDS Advisory today to make your business dreams a reality!
