Welcome to TRUSTLINK INDIA
Public Limited Company
A Company with Limited Liability that can Offer Shares to the General Public
A Brief About Public Limited Company
A Public Limited Company is a company with limited liability that can offer shares to the general public. It is strictly regulated and must disclose its financial reports periodically to shareholders. A Public Limited Company is best suited for businesses with heavy investment requirements.
As per the Companies Act 2013, a Public Limited Company must issue a prospectus to the public, detailing the company’s affairs. It provides broader exposure for raising funds and can list itself on stock exchanges in India to raise capital.
Key Requirements & Funding Options
- Minimum Directors: 3
- Minimum Shareholders: 7
- Minimum Paid-Up Capital: ₹5 lakh
- Funding Sources: Bank loans, Public investments, and Institutional investors.
Special Features of a Public Limited Company
A Public Limited Company is ideal for businesses requiring large-scale funding.
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Separate Legal Entity
A company is a separate legal entity from its directors and shareholders. It can own assets, incur debts, and enter into contracts independently.
Limited Liability
Shareholders are liable only up to the amount they have invested. They are not personally responsible for company debts beyond their investment, except in cases of illegal actions.
Perpetual Succession
The company continues to exist regardless of changes in ownership, death, or insolvency of members, until legally dissolved.
Transferability of Shares
Shares can be freely transferred between members and non-members. This allows easy entry and exit of investors without disrupting the business operation.
Equity Raising
Public Limited Companies attract investors due to transparency and structure. They can raise funds through bank loans, public investment, institutional investors, and IPOs on stock exchanges.
Key Benefits
Better Image and Credibility
Public Limited Companies are highly recognized and trusted by corporate clients, government bodies, and vendors.
Better Access to Funds
They offer multiple funding options including bank loans, public investment, institutional investors, and the stock market (IPO).
Limited Liability Protection
Members’ liability is limited to their shareholding, effectively protecting personal assets from business risks.
Easy Share Transfers
Shares can be easily transferred between investors, providing higher liquidity unlike in Private Limited Companies.
Better Risk Distribution
Since shares are held by many investors, the overall financial risk of the company is widely distributed.
Major Requirements for Registration in India
Company Name Must Be Unique
The company name must be completely distinct and not similar to any existing companies or registered trademarks.
Directors & Shareholders
Requires at least 3 directors (one must be an Indian resident) and a minimum of 7 shareholders. There is no upper limit on shareholders.
Minimum Capital Requirement
The business must have a minimum paid-up capital of ₹5 lakh and a minimum authorized capital of ₹5 lakh.
Registered Office
A valid address in India is required for official communication. It does not strictly have to be a commercial property.
Easy Documentation and Process
The documentation process is simple and requires only scanned copies to get started.
Documents of Directors
- Photographs of all directors
- PAN Card, Aadhaar Card, and Voter ID
- Address Proof: Bank statement, Electricity bill, Telephone bill, or Mobile bill (not older than 30 days)
- Identity Proof: Voter ID, Passport, or Driving License
- Consent of Director (format provided)
Documents for Registered Office
- Latest electricity bill or utility bill in the owner's name
- Rent agreement between owner and company promoter
- No Objection Certificate (NOC) from the owner
Public Limited Company Registration from TRUSTLINK
TRUSTLINK offers an attractive package for Public Limited Company Registration, giving you everything you need to start:
- Digital Signatures with Token
- Preparation of MOA & AOA
- DIN for Directors
- PAN and TAN of the Company
- PF & ESIC Registrations
- Incorporation Certificate
- Bank Resolution for Account Opening
- Free MSME Registration
- Free 1-year web hosting with SSL
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