Public Limited Company(PLC)
A large-scale corporate structure designed for **raising public capital** with limited liability and enhanced credibility.
Overview
A Public Limited Company (PLC) is a large-scale corporate entity governed by the Companies Act, 2013. It requires a minimum of **7 shareholders** and **3 directors**. A PLC can freely offer shares to the general public to raise vast capital, and its shareholders enjoy limited liability. It must include the word "**Limited**" in its name.
Key Benefits
Limited Liability Protection for Directors
Better image and credibility in the Market
Easy to raise funds and loans
Favorite Business structure for investment
Easy Transfer of shares
Most Suitable for Heavy investment
Prerequisites
Minimum 7 shareholders
Minimum 3 Directors
The directors and shareholders can be the same person
One of the directors must be an Indian Resident
Minimum authorised share capital as per law
Documents required are the same as for a private limited company (PAN, Identity Proof, Address Proof for directors/shareholders)
What You'll Receive
DIN for 3 directors
DSC Token for all shareholders
Company name approval
MOA+AOA
Incorporation certificate
Company PAN Card
Company TAN/TDS Number
Bank a/c opening document support
Frequently Asked Questions
You need to arrange very simple documents of directors like a photograph, PAN card, and one address proof.
No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company.
The ROC is a Government office with whom companies get registered.
No. The incorporation process is typically done online, with a service provider handling all documentation and interaction with the ROC.
No. Once the company is formed, it is valid until it is officially closed down. However, annual compliance filings with the ROC are required.
Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company.
A Digital Signature Certificate (DSC) is an electronic signature used for signing electronic forms filed with the ROC.
The company name is crucial for registration. It consists of 3 parts: Keyword (brand name), Activity word (nature of business), and Business Type word (which must be 'Limited'). The name should not match existing companies or trademarks.
MOA (Memorandum of Association) and AOA (Articles of Association) are the legal documents that define the company's objectives and internal rules.
Yes, the company's registered office address can be changed anytime after incorporation by following the prescribed procedure.
Capital is the investment made by shareholders. Authorised capital is the maximum amount of shares a company can issue. Paid-up capital is the actual amount of money received from shareholders for the shares issued.
No. After the company is registered and a bank account is opened, the share capital can be deposited within the prescribed time (usually within two months).
No, this is not true. A Public Limited Company can be started from scratch without any obligation to have prior sales or turnover.
There is no automatic applicability. Laws for Provident Fund (PF) and GST apply to all types of businesses only after they cross certain threshold limits.