Introduction

A Public Limited Company (PLC) in India offers several advantages including limited liability, ease of transferability of shares, and the ability to raise capital from the public. Whether you’re a seasoned entrepreneur or a new business owner, understanding the registration process is crucial for setting up your company.

Step 1: Obtain Digital Signature Certificate (DSC)

First, the directors and shareholders must obtain a Digital Signature Certificate (DSC). This is essential for signing electronic documents during the registration process. DSCs can be obtained from certifying authorities like e-Mudhra or Sify.

Step 2: Apply for Director Identification Number (DIN)

Next, apply for a Director Identification Number (DIN) for all proposed directors. This can be done through the Ministry of Corporate Affairs (MCA) portal by filing Form DIR-3, along with the necessary identity and address proof documents.

Step 3: Name Reservation

Propose a unique name for your company and apply for name reservation using the RUN (Reserve Unique Name) service on the MCA portal. Make sure the proposed name adheres to the naming guidelines provided by the MCA.

Step 4: File Incorporation Documents

Once the name is approved, file the incorporation documents with the Registrar of Companies (RoC). This includes:

• Memorandum of Association (MoA): Defines the company’s objectives.
• Articles of Association (AoA): Outlines the rules for the company’s operations.
• Form INC-32 (SPICe): Simplified Proforma for Incorporating Company Electronically.
• Form INC-33 (e-MoA) and Form INC-34 (e-AoA): Electronic versions of MoA and AoA.

Step 5: Payment of Fees and Stamp Duty

Pay the registration fees and stamp duty online through the MCA portal. The fees depend on the authorized capital of the company.

Step 6: Certificate of Incorporation (COI)

Once all documents are verified and approved by the RoC, you will receive a Certificate of Incorporation (COI). The COI includes the Corporate Identity Number (CIN) which is proof that the company is legally registered.

Step 7: PAN and TAN Application

After receiving the COI, apply for the company’s Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) through the NSDL or UTIITSL website.

Step 8: Open a Bank Account

Finally, open a bank account in the name of the company to commence business operations. Use the COI and other relevant documents to complete this step.

Legal Requirements and Necessary Documents

To register a Public Limited Company in India, the following legal requirements and documents are necessary:

• Minimum Number of Shareholders and Directors: A minimum of seven shareholders and three directors is required.
• Digital Signature Certificate (DSC): For all directors and shareholders.
• Director Identification Number (DIN): For all proposed directors.
• Name Approval: Approval of the company name from the RoC.
• Memorandum of Association (MoA) and Articles of Association (AoA): These documents define the company’s objectives and rules.
• Proof of Registered Office Address: Utility bill or rental agreement.
• Identity and Address Proof of Directors and Shareholders: Passport, Aadhaar card, voter ID, etc.
• PAN and TAN Application: Permanent Account Number and Tax Deduction and Collection Account Number.

Conclusion

Registering a Public Limited Company in India is a detailed process that ensures the legitimacy and smooth operation of your business. By following these steps diligently and ensuring all legal requirements are met, you can establish a strong foundation for your company’s growth and success.