Formation of Public Limited Company in India

We provide expert assistance for Public Limited Company registration in India, including incorporation, documentation, and complete compliance services. The process of company incorporation is governed uniformly across India under the Companies Act, 2013.

What is a Public Limited Company?

As per the Companies Act, 2013, a Public Limited Company is a company that:

• Is not a private company
• Has the right to raise funds from the public
• May be listed or unlisted on a stock exchange
• Has no restriction on the transfer of shares

A company that is a subsidiary of a public company is also treated as a public company, even if it is incorporated as a private company.

Key Requirements of a Public Limited Company

To incorporate a Public Limited Company in India, the following requirements must be met:

• Minimum 7 shareholders
• Minimum 3 directors
• No maximum limit on shareholders
• Free transferability of shares
• Ability to invite public for subscription of shares
• Compliance with higher regulatory and disclosure norms

Minimum Capital Requirement

Under the Companies Act, 2013, there is no mandatory minimum paid-up capital requirement for incorporating a Public Limited Company. However, the company must have sufficient capital structure to meet its business objectives.

Deemed Public Companies (Historical Concept)

The previous Companies Act, 1956, referred to certain private companies as "deemed public companies" under Section 43A, depending on various factors, including:

• Holding of 25% or more paid-up share capital by corporate bodies
• High turnover limits
• Acceptance of deposits from the public

Current Position

This concept has been removed under the Companies Act, 2013. Every company is now a Private Limited Company or a Public Limited Company, purely on the basis of definition and the regulatory framework.

Conversion of Company Type

A company may convert:

Private to Public Company

• By changing its Articles of Association
• Passing necessary board and shareholder resolutions
• Submission of necessary forms to the Registrar of Companies (ROC)

Public to Private Company

• Central Government (Regional Director) approval is necessary
• Compliance with prescribed legal procedures

Our Services

We assist with:

• Public Limited Company incorporation in India
• Name approval and incorporation filing
• Preparation of Memorandum and Articles of association
• ROC compliance and documentation
• Conversion of private company to public company
• Advice on legal and regulatory issues

Why Choose Us?

• Step-by-step expert guidance throughout the incorporation process
• Quick nd hassle-free online registration
• Complete support for compliance with Companies Act, 2013
• Affordable and transparent pricing

Get Started Today

Start your Public Limited Company registration in India with professional assistance and ensure smooth compliance from day one.