Doc Summary
Overview
A Public Limited Company is a business structure that allows companies to raise capital from the public through share issuance while offering limited Liability to shareholders. It provides higher credibility, easier access to funding, and the ability to list on stock exchanges.
Registered under the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs (MCA) and SEBI, this structure is ideal for large businesses aiming for expansion, investment, or public participation.
Eligibility / Who Should Apply
- Minimum 3 Directors and 7 Shareholders
- At least one Director must be an Indian resident
- No upper limit on the number of shareholders
- Minimum paid-up capital: ₹5 lakh
- Suitable for large enterprises, manufacturers, and businesses planning to list publicly
Step-by-Step Process
- Digital Signature Certificate (DSC): Obtain DSCs for all directors
- Director Identification Number (DIN): Apply for DIN through SPICe+
- Name Approval: Reserve Company name through RUN or SPICe+
- Drafting of MOA & AOA: Define objectives, capital structure, and internal governance
- Filing with MCA: Submit incorporation application with all attachments
- Certificate of Incorporation: Issued by ROC along with Corporate Identification Number (CIN)
- Commencement of Business: File Form INC-20A before starting operations
Documents Required
- PAN & Aadhaar of Directors and Shareholders
- Passport-size Photos
- Proof of Address (Utility Bill / Bank Statement)
- Registered Office Proof (Rent Agreement / NOC / Ownership Proof)
- MOA & AOA signed by all subscribers
Timeline
The registration process generally takes 10–15 working days, depending on documentation and MCA processing.
Post-Registration Requirements
- File Form INC-20A within 180 days of incorporation
- Apply for PAN, TAN, and GST
- Appoint Statutory Auditor within 30 days
- Hold board and general meetings as per Companies Act
- File annual returns (Form AOC-4 and MGT-7) with ROC
- Maintain statutory registers and records
Penalties for Non-Compliance
- Failure to file annual returns or INC-20A attracts a penalty of ₹50,000 for the Company and ₹1,000/day for directors
- Directors may face disqualification under Section 164(2) for persistent non-compliance
- The Company may be struck off by ROC for inactivity
Kanoons Service
Kanoons Law & Tax Consultants Pvt. Ltd. offers complete Public Limited Company registration and compliance services with expert legal and accounting assistance.
Our services include:
- Consultation: Guidance on structure, eligibility, and capital planning
- Documentation: Drafting and vetting of MOA, AOA, and declarations
- Filing & Liaison: End-to-end handling of MCA filings and ROC approvals
- Post-Incorporation Support: Assistance with PAN, GST, bank account opening, and auditor appointment
- Corporate Compliance Management: Ensuring adherence to SEBI, MCA, and taxation requirements
Kanoons provides a reliable, transparent, and legally compliant process for businesses planning large-scale growth or public participation.
Why Choose Kanoons
- Experienced team
- Complete online incorporation and compliance solutions
- Transparent pricing with no hidden charges
- Fast processing with expert documentation support
- Trusted partner for medium and large enterprises across India
