Public Limited Company Registration in India with YathraFin ?

Why Choose YathraFin for Public Limited Company Registration ?

YathraFin’s expertise in business registration and compliance management makes it the preferred choice for setting up your Public Limited Company. Here’s why YathraFin is an ideal partner:

• End-to-End Assistance: From documentation to final approval, we handle every aspect of the registration process.
• Expert Guidance: Our team of experienced professionals ensures that your company meets all regulatory requirements.
• Ongoing Compliance Support: We assist with post-registration compliances to ensure your company operates smoothly.
• Affordable Packages: We offer competitive pricing to suit your business needs without compromising quality.

Key Features of a Public Limited Company

• Transparency: PLCs must follow stringent disclosure norms, including publishing financial reports for public viewing.
• Capital Raising: A PLC can raise significant capital by selling shares to the public.
• Shareholders and Directors: At least seven shareholders and three directors are required.
• Separate Legal Entity: The PLC has a distinct legal identity, meaning it can own assets, incur liabilities, and sign contracts in its own name.
• Perpetual Succession: The company’s existence remains unaffected by changes in ownership or director composition.

Types of Public Limited Companies

Public Limited Companies are broadly classified into:

• Listed Companies: These companies have shares that are traded publicly on recognized stock exchanges, making them accessible to a broader investor base.
• Unlisted Companies: These companies do not list their shares on public exchanges, limiting share transfers and investor reach.

Eligibility Criteria for Registering a Public Limited Company

To register a PLC in India, your business must fulfill the following requirements:

• Minimum 7 Shareholders: There is no upper limit on the number of shareholders.
• Minimum 3 Directors: Directors must have DIN and DSC.
• Company Name Approval: The proposed name must meet MCA guidelines and avoid conflict with existing names.
• Capital Requirements: There is no minimum paid-up capital requirement, but the authorized capital should reflect the company’s intended business scale.

Step-by-Step Registration Process with YathraFin

• Step 1

  Name Approval

  Apply for name reservation through the MCA portal, ensuring uniqueness and compliance.

• Step 2

  Digital Signature Certificate (DSC)

  Secure DSC for all directors to sign documents electronically.

• Step 3

  Submission of SPICe+ Form

  File the SPICe+ form, a comprehensive form for company incorporation.

• Step 4

  MOA and AOA Submission

  Draft and submit the Memorandum of Association (MOA) and Articles of Association (AOA) defining the company’s objectives and operating guidelines.

• Step 5

  Director Identification Number (DIN)

  Obtain DIN for all directors, a requirement under the Companies Act, 2013.

• Step 6

  PAN and TAN Application

  Apply for PAN and TAN for taxation and financial transactions.

• Step 7

  Certificate of Incorporation

  Once approved by the Registrar of Companies, a Certificate of Incorporation (COI) is issued.

• Step 8

  Current Account opening

  Open a bank account for business transactions.

Rules and Regulations for Public Limited Companies

Public Limited Companies in India must adhere to various rules under the Companies Act, 2013, including:

• Board Meetings: Conduct at least four board meetings annually with a minimum gap of 120 days.
• Annual General Meeting (AGM): Hold AGMs within six months of the fiscal year-end to discuss financial statements and company performance.
• Disclosure of Interests: Directors must disclose their interests in other companies to avoid conflicts.
• Prospectus Requirement: Issue a prospectus when inviting the public to invest, detailing the company's finances and business activities.

Compliance Requirements After Registration

Once registered, a Public Limited Company must comply with ongoing statutory requirements, including:

• Filing of Annual Returns: File annual returns with the Registrar of Companies (ROC).
• Maintenance of Statutory Registers: Maintain shareholder and director registers and minute books.
• Financial Audits: Conduct annual financial audits to ensure compliance with accounting standards.
• Income Tax Filing: File income tax returns in line with Indian tax regulations.

Benefits and Government Schemes for Public Limited Companies

Registering a Public Limited Company offers numerous advantages:

• Capital Mobilization: A PLC can attract investments through public shares.
• Enhanced Credibility: Public status enhances business credibility and investor confidence.
• Limited Liability Protection: Shareholders' liability is limited to their investment.
• Government Schemes: PLCs may benefit from government incentives such as Startup India and Make in India.
• Increased Liquidity: Listed PLCs provide higher liquidity, allowing shareholders to easily buy or sell shares.