Public Limited Company Registration

✅ Key Advantages

• Large Capital Raising: Ability to raise substantial capital by issuing shares to the public
• Limited Liability: Shareholders have limited liability protection for personal assets
• Perpetual Succession: Company continues to exist regardless of changes in membership
• Enhanced Credibility: Better reputation and trust with banks, investors, and business partners
• Share Transferability: Shares can be freely transferred and traded in the stock market
• Public Recognition: Greater visibility and recognition in the market

⚠️ Key Disadvantages

• Strict Compliance: Heavy regulatory requirements and disclosure obligations
• Public Scrutiny: All operations are subject to public scrutiny and transparency requirements
• High Costs: Expensive compliance, auditing, and regulatory filing costs
• Complex Management: More complex governance structure compared to private companies
• Loss of Control: Founders may lose control with public shareholding
• Market Pressure: Constant pressure to perform for shareholders and market expectations

Step-by-Step Registration Process:

Step 1: Obtain Digital Signature Certificates (DSC)

Apply for Class 3 DSC for all proposed directors from authorized certifying authorities. Required for signing electronic documents and MCA filings.

Step 2: Apply for Director Identification Numbers (DIN)

Each director must obtain a unique DIN from the Ministry of Corporate Affairs. Submit Form DIR-3 with required documents.

Step 3: Reserve Company Name

Apply for name approval through RUN (Reserve Unique Name) system. Name must be unique and comply with naming guidelines.

Step 4: File Incorporation Forms

Submit incorporation application with MOA, AOA, and all required documents through the MCA portal.

Step 5: Certificate of Incorporation

Receive Certificate of Incorporation from ROC after verification of all documents and compliance with requirements.

Step 6: Post-Incorporation Formalities

Apply for PAN/TAN, open bank account, appoint auditors, and complete other statutory requirements.

Timeline & Requirements

Registration Timeline:

• DSC Procurement: 1-2 days
• DIN Application: 1-3 days
• Name Approval: 2-5 days
• Incorporation: 10-15 days
• Total Time: 25-30 working days

Key Requirements:

• Minimum 7 members required
• At least 3 directors mandatory
• Minimum authorized capital as required
• Registered office address in India
• Compliance with all statutory requirements

Mandatory Annual Filings

• Annual General Meeting: Must be conducted within 6 months of financial year end
• Annual Return (MGT-7): File within 60 days of AGM
• Financial Statements (AOC-4): File within 30 days of AGM
• Board Meetings: Minimum 4 meetings per year with proper documentation
• Statutory Audit: Mandatory annual audit by qualified chartered accountant

Ongoing Compliance

• Income Tax Returns: Regular filing of corporate tax returns
• GST Compliance: Monthly/quarterly GST returns as applicable
• TDS & TCS: Regular filing and payment of tax deductions
• Statutory Registers: Maintain proper books and registers
• ROC Filings: Various forms for changes and updates