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Tarunilakshmi Ventures

First of all thanks to Razorpay Rize for providing all the support. Special mention to CS ketki Mirje. She was very cooperative throughout the Process

Nayan Mishra

Zillout Social

Anup Totla

DashHunt Education

Process is really good, I've already registered 2 companies with Razorpay and it's been a great experience.

Shalinee Gupta

Kahanii Collective

Archit Vats

Muzzari Global

Process was really fast and effortless, really happy with the whole team and will also go ahead with the same vendor post compliances.

Mayank Sharma

Rapparel Solutions

Akshay Sharma

Zoync Technologies

Thank you #Razorpayrize for getting my OPC incorporated. Patient and persistent and always helpful despite the issues with the portal. Thank you again. #Razorpayrizeincorporation

Krishna

Tarunilakshmi Ventures

First of all thanks to Razorpay Rize for providing all the support. Special mention to CS ketki Mirje. She was very cooperative throughout the Process

Nayan Mishra

Zillout Social

Anup Totla

DashHunt Education

Process is really good, I've already registered 2 companies with Razorpay and it's been a great experience.

Shalinee Gupta

Kahanii Collective

Archit Vats

Muzzari Global

Process was really fast and effortless, really happy with the whole team and will also go ahead with the same vendor post compliances.

Mayank Sharma

Rapparel Solutions

Akshay Sharma

Zoync Technologies

Thank you #Razorpayrize for getting my OPC incorporated. Patient and persistent and always helpful despite the issues with the portal. Thank you again. #Razorpayrizeincorporation

Krishna

Tarunilakshmi Ventures

Public Limited Company Registration in India

Name: Public Limited Company Registration Online in India: Process, Fees & Documents Required - Razorpay Rize
Brand: Razorpay Rize
Rating: 4.8 (45 reviews)

According to the Company Act of 2013, a Public Limited Company is a regulated business with limited liability. It offers shares to the general public through stock market trading or Initial Public Offering (IPO).

This type of business structure is suitable for large-scale businesses and multinational corporations. Examples of Public Limited Companies include ICICI Bank Ltd., TCS, etc.

Contents

Documents required for registration

Incorporation Process

Compliances & Requirements

Advantages & Disadvantages

Registration Number

Registration Time

Fees

Checklist for Registration

Frequently Asked Questions

Documents Required to Register a Public Limited Company

Identity Proof and Address Proof
a. Passport/ Aadhar card/ Voter ID/ Driver's License of directors and shareholders,
b. PAN card, and
c. Utility bills or Bank Statements as address proof.
Proof of Registered Office
a. Ownership of Property- Any utility bill like an electricity bill or corporation tax receipt not later than 30 days.
b. Right to use the Property- Rental Agreement or No Objection Certificate (NOC) from the owner.
Memorandum of Association (MOA) and Articles of Association (AOA) of the Company
a. MOA defines the objectives and scope of activities.
b. AOA outlines the internal regulations and governance structures.
Declaration and Consent of the proposed Directors
a. Form DIR-2 is the official consent to assume the director role within the prospective company.
b. Form INC- 9 is the official declaration for all the proposed Directors.

Public Limited Company Incorporation Process

Egestas ornare
‍
Obtain a Digital Signature Certificate (DSC)
DSCs play a vital role in the verification and attestation of official documents. You can apply for them through Government certifying agencies and further file the forms for company formation.
Apply for Name Approval using SPICe+ Part A View 
a. In Part A of the SPICe+ form, you can propose two names for name reservation and have the option for one re-submission (RSUB).
b. In cases where parts A and B are simultaneously filed, you can reserve only one name.
Apply for Company Registration using SPICe+ Part B View 
a. Once the name is approved, the Part B Form is submitted to the MCA portal along with DSC.
b. Part B also works as an application for Director Identification Number (DIN), PAN and TAN, EPFO registration, ESIC registration, Professional Tax registration, etc.
The information entered in SPICe+ Parts A and B is immediately transferred to the associated forms AGILE-PRO, eAoA, eMoA, URC1, and INC-9 (as applicable).
Open a Bank Account
Apply to open the Current account for your company through the AGILE-PRO-S linked web form.
File for the Commencement of a Business Certificate
After acquiring the Certificate of Incorporation, the company cannot immediately begin operations. Within 180 days following the COI, you must apply for a commencement certificate confirming that all subscribers have paid their subscription fees.

Searching for a company name?

Check company name availability using our powerful name search tool.

Conversion of a Private Limited Company to a Public Limited Company

Transforming a private limited company into a public limited company includes legal and procedural measures. You can choose this conversion if you wish to raise capital by offering shares to the general public.

Here are the general steps involved in the conversion:

Initiate a Board Meeting to approve a Board Resolution for the conversion process and to make necessary amendments to the Memorandum of Association (MoA) and Articles of Association (AoA).
Convene a General Meeting to secure approval through a Special Resolution for the conversion, as well as changes to the company name and amendments to the MoA and AoA.
Submit Form MGT-14 within 30 days from the date of passing the resolution. This form serves to inform the authorities about the modified MoA and AoA.
File Form INC-27, which includes details of the amended MoAs and AoAs, as well as relevant information concerning directors and shareholders.
Once approved, the CIN of your company will change from “PTC” to “PLC,” implying the conversion is completed.

Compliances for Public Limited Company

For Directors/ Shareholders

With no maximum limit, a minimum of seven shareholders are required to start a public company. Likewise, a minimum of three directors is mandatory.

For Public Limited Company

A company incorporated as a Public Limited Company can be listed or unlisted.
‍Listed companies have some of their securities listed on a recognised stock exchange. In contrast, Unlisted companies have no securities listed on any stock exchanges. The incorporation process is the same for both. However, the post-incorporation compliances can differ in each case.

Listed Companies

Hold an Annual General Meeting and file Form MGT-15 once the AGM is over. Appoint the CFO, CEO, and CS within 30 days of the AGM.
File Form AOC 4 for the Financial statement that consists of the balance sheets, cash flow statements, Director's statement, Director's report, Auditor's report, and the combined financial state.
File Annual Returns through MGT7 with relevant ROC.
File ITR 6 for Income Tax Returns on or before October 31st of the financial year.
Submit the Secretarial report if the total paid-up capital or annual turnover exceeds Rs. 50 Crores.
Establish a Corporate Social Responsibility (CSR) committee.

Unlisted Companies

Hold at least four board meetings every year.
Hold an Annual General Meeting and file MGT 14 (DIR 12) for this provision.
Appoint the Auditor within 30 days of the board meeting and file form ADT-1.
File returns of deposits through Form DPT 3 with the ROC under whose jurisdiction the company falls.
As a director, disclose any financial interest in the Company via Form MBP 1.

Minimum Capital Requirement

A minimum capital of Rs 5,00,000 (5 lakh) or a higher amount is required to start a Public Limited Company.

Tax Rates

The basic tax rate for a Public Limited Company, excluding Surcharge and Cess, is 25%.
‍The surcharge is charged on the amount of income tax calculated and is ideally 12%.
Health and Education cess at 4% shall also be levied on the amount of income tax plus a surcharge (if any).

** The above tax rate is for FY 23-24. It can vary in case of special taxation like u/s 115BAA or Section 115BAB or other tax deductions.

Advantages and Disadvantages of Public Limited Company

Advantages

Limited Liability
A Public company offers limited liability to its shareholders. You and other shareholders are not responsible for the debts or liabilities of the company apart from what is contributed by you.
Easy availability of Capital
You can generate large capital by offering shares to the general public or by raising equity shareholding, preference shareholding, etc.
Exponential growth
The company risks are often in sync with the market and can be spread out on the whole, which can both be an advantage as well as disadvantage. But, fewer risks and a vast capital base favor the expansion and growth of your business, bringing in more business opportunities.
Transferability of shares
As a Public Limited Company shareholder, you can easily transfer the shares to other legal entities- be it an individual or an organization in India or abroad.

Disadvantages

Stringent regulations
There are a lot of stringent legal procedures involved in this type of business structure to safeguard shareholders from potential repercussions and to give transparency to shareholders.
Market Vulnerability
This type of company is vulnerable due to its dependency on the always-changing and dynamic market. Share or Stock values of your company can plummet due to many external factors and result in a loss.
High cost for formation and Management
There is a minimum requirement of paid-up capital of Rs. 5 lakh for the formation of a Public company, which is relatively high compared to other business entities. Also, you will require a lot of capital and resources to manage the company.

Public Limited Company Registration Number

The Public Limited Company Registration Number, or the Corporate Identification Number (CIN), is a unique 21-character alphanumeric code allocated to each Public Limited Company when registering it with the Registrar of Companies (ROC).

Example of CIN of a Public Limited Company- L32100GJ1996PLC030976

The CIN can be broken down into the following components-

The first letter indicates the listing status of the company. Here, the letter "L,” in this particular example, means the company is Listed.
The next five numbers classify the economic activity of a company, indicating the specific industry to which the company belongs.
The following two letters signify the Indian state in which the company is registered. Here, “GJ” implies Gujarat.
The following four numbers denote the year of incorporation of the company, i.e., 1996.
The subsequent three letters designate the classification of the company. These aid in determining whether the company is a Private limited company, a Public limited company, an OPC, or more. Here, “PLC” stands for Public Limited Company.
The last six digits signify the unique registration number issued by the relevant Registrar of Companies (ROC).

How to Get a Registration Number for a Public Limited Company?

Once the SPICe+ Form is approved, you will be sent an email notification by the Ministry of Corporate Affairs (MCA).

This email contains the Certificate of Incorporation (COI) as well as the PAN and TAN details of the Company.

The COI is a legal document that signifies the successful registration of your company and includes important details like the company's name, registration number, date of incorporation, registered office address, and the type of company structure.

Public Limited Company Registration Time

It takes approximately 10 to 12 days from the submission date of documents and SPICe+ form, subject to approval by the MCA.

Things that Delay a Registration Process

Below are some common things that can lead to delays in the registration process:

Providing incorrect, mismatched, or incomplete documentation
The chosen company name is not compliant with naming guidelines or is unavailable.
Note- A quick Company Name Search on our website can come to your rescue. We search multiple official databases to ensure your company is unique and available to avoid such complications.
Difficulties in submitting your application due to technical glitches or a slow server on the MCA websites sometimes
Failing to submit your application or pay in the prescribed timeframe
Varying processing times and requirements in each Jurisdiction

Public Limited Company Registration Fees

The cost of Public Limited Company registration may fluctuate, considering factors such as the registration jurisdiction, professional fees, and any supplementary services you choose to include.

The registration fees can range anywhere from Rs. 10,000- 30,000.

Checklist for Registration

Here is a brief checklist to guide you through the Public Limited Registration Process.

Acquire Digital Signature Certificates (DSC) for all Directors and Shareholders.

Obtain Director Identification Numbers (DIN) for designated Directors.

Create the e-Memorandum of Association and e-Articles of Association.

Secure approval for the company name.

Initiate the application process through SPICe+.

Receive the Incorporation Certificate.

Obtain PAN and TAN.

Open a current account for your company.

Ensure ongoing compliance with regulatory requirements.

FAQs

How can I check if my Public Limited Company is registered?

The availability of COI is the legal evidence for successful registration. Additionally, you can verify the registration status of your company through the MCA website.

Visit the official website.
Go to the option "View Company Data" under the section “MCA Services.”
Enter the Corporate Identification Number (CIN) of your Public Limited Company.
Click "Submit" to view your company's registration status.

Can I convert my Public Limited Company to a Private Limited Company?

You can convert your Public company to a Private Limited Company by getting approval from all the shareholders, passing a resolution, and amending the Memorandum of Association (MoA). Following that, you can file requisite forms to the Regional Director and Registrar of Companies to officially get the status of a Private Limited Company.