Get clear answers to frequently asked questions about proprietorship setup, benefits, legal formalities, and compliance—so you can start your business in India with clarity and confidence.
A Public Limited Company (PLC) is a business structure designed for entrepreneurs planning large-scale operations. Unlike private entities, public limited companies have the unique advantage of raising capital from the general public by issuing shares on stock exchanges. This structure enables access to a wider investment base and accelerates growth. Additionally, PLCs offer the benefits of limited liability and separate legal entity status, making them an attractive choice for ambitious businesses.
India Company Setup simplifies the process of setting up your Public Limited Company in India. From incorporation to ongoing compliance, our end-to-end solutions ensure a smooth and hassle-free journey for your business formation.
Start your Public Limited Company registration today with India Company Setup!
A Public Limited Company (PLC) is a corporate structure where ownership is distributed through publicly traded shares. These shares can be bought and sold by investors on recognized stock exchanges, allowing widespread participation and diversified investment.
PLCs are governed by more stringent regulations than private companies, as laid out in the Companies Act, 2013. To incorporate a PLC in India, a minimum of 7 shareholders is required, but there is no cap on the maximum number of shareholders.
Management is typically handled by an executive team appointed by a board of directors, who in turn are elected by the shareholders. This ensures transparency and corporate governance at the highest levels.
Here are the essential characteristics that define a public limited company:
Board of Directors: A minimum of three directors is required, with no upper limit. The board oversees strategic decisions and governance.
Company Name: The word “Limited” must be included in the name, indicating it’s a public company open to investment.
Prospectus: A public company must issue a prospectus to inform potential investors about its operations, objectives, and financial health.
Paid-Up Capital: While there’s no minimum paid-up capital mandated by law, companies can structure capital based on operational needs and goals.
Public limited companies fall into two main categories:
Listed Companies
These companies have shares listed on stock exchanges, allowing them to raise capital from a wide range of investors and enjoy higher liquidity.
Unlisted Companies
These are public companies whose shares are not listed on any stock exchange. While they have public shareholders, their shares are not as freely transferable and face fewer compliance requirements than listed counterparts.
To incorporate a Public Limited Company in India, the following conditions must be fulfilled:
Minimum Shareholders: At least 7 shareholders are required.
Minimum Directors: A minimum of 3 directors is mandatory, and each must hold a Director Identification Number (DIN).
Authorised Share Capital: Minimum authorized capital of ₹1 lakh is needed.
Digital Signature Certificate (DSC): At least one director must have a DSC to sign documents electronically.
Unique Company Name: The name must comply with MCA guidelines and must not be already taken.
Foundational Documents: MOA (Memorandum of Association) and AOA (Articles of Association), along with Form DIR-12, are necessary.
Registering as a PLC offers the following advantages:
Capital Generation: Access to public investment allows for substantial capital raising.
Financial Flexibility: Diverse options for funding expansion and operational needs.
Limited Liability: Shareholders are protected against personal liability beyond their investment.
Scalability: Ideal for growing companies with plans for national or international expansion.
Unlimited Shareholders: There is no cap on the number of shareholders, allowing for broad ownership.
Easy Share Transfer: Publicly traded shares provide liquidity and flexibility for investors.
Here’s a structured guide to the PLC registration process:
Obtain DSCs
Digital Signature Certificates are required for signing forms electronically.
Apply for DIN
Directors must obtain a Director Identification Number via the SPICe form.
Name Approval
Submit your desired company name through the MCA portal to ensure it’s available and compliant.
File SPICe+ Form
Submit this integrated form along with the MOA and AOA to initiate incorporation.
Receive Certificate of Incorporation
Once approved, the ROC issues a Certificate of Incorporation along with the Corporate Identification Number (CIN).
Apply for PAN and TAN
These are essential for tax-related filings and transactions.
Open a Company Bank Account
A corporate bank account must be set up using the incorporation documents and PAN.
Depending on your business type, you may need to apply for:
GST Registration
Import Export Code
Sector-specific licenses or regulatory approvals
India Company Setup can guide you through these additional steps, ensuring your business is fully compliant from day one.
Start Your Public Limited Company with India Company Setup
With India Company Setup, launching your Public Limited Company is efficient and reliable. Our expert team manages every aspect of the process—from DSC and DIN applications to MOA and AOA drafting—ensuring you remain compliant with all legal requirements.
Partner with India Company Setup and focus on growing your enterprise while we take care of the legalities.
Get started today and establish your Public Limited Company with confidence!
At India Company Setup, we deliver a complete suite of business services to help you start, grow, and manage your company with ease. From registration to regulatory compliance, our expert support ensures your business stays legally sound and financially organized.
Our expert bookkeeping ensures every transaction is correctly recorded, reducing compliance errors and giving you a clear picture of your company’s financial health — crucial for GST, Income Tax, and MCA filings.
Focus on growing your business while we manage your books. By outsourcing to us, you eliminate the burden of paperwork, reconciliations, and regulatory upkeep — saving you both time and effort.
We help you monitor income and expenses in real time, so you maintain a healthy cash position, make informed decisions, and avoid last-minute cash crunches or missed tax deadlines.
A Public Limited Company in India is a corporate entity that can offer its shares to the general public and have them traded on stock exchanges. It requires at least seven members to incorporate, but there’s no upper limit on the number of shareholders. The defining feature of this company structure is its ability to raise capital from the public, making it suitable for larger business ventures and expansions.
To become a Director, an individual must be at least 18 years old and must be a natural person. There are no restrictions regarding nationality or residency status, which means foreign nationals are also eligible to become Directors of a Public Limited Company in India.
There is no fixed minimum capital requirement to start a Public Limited Company. However, during the incorporation process, you are required to pay a government fee for an authorized share capital of at least ₹5 lakhs. Importantly, you do not need to show any proof of having invested this amount during incorporation.
Yes, you must provide a valid Indian address where the company’s registered office will be located. This can be a commercial, residential, or industrial premises, and it will serve as the official communication address for notices from the Ministry of Corporate Affairs (MCA).
No physical presence is required for incorporating a Public Limited Company. All documentation can be submitted electronically—via scanned copies sent by email—and certain original documents may need to be couriered to the office of India Company Setup.
Get clear answers to frequently asked questions about proprietorship setup, benefits, legal formalities, and compliance—so you can start your business in India with clarity and confidence.
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At India Company Setup, we simplify the process of starting your proprietorship. Our expert team ensures hassle-free registration, timely support, and personalized guidance to help you launch with confidence.
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