Public Limited Company Registration | Savlana Init

Company Registration · Public Limited

Public Limited Company — Built to Scale Publicly.

Register a Public Limited Company in India with CA-assisted SPICe+ filing, MOA/AOA drafting, DIN and DSC procurement, statutory compliance setup, and post-incorporation secretarial support.

A Public Limited Company is a company incorporated under the Companies Act, 2013 that can offer its shares to the general public, either through a public issue or by listing on a recognised stock exchange. With a minimum of 7 shareholders and 3 directors, a Public Limited Company has no upper limit on membership and can raise capital from the public through prospectus, rights issue, or private placement at scale. The word "Limited" (not "Private Limited") is used in its name, signalling the open ownership structure to the market.

Public Limited Companies are subject to more rigorous compliance and disclosure requirements than Private Limited Companies — including mandatory Annual General Meetings, statutory audit, publicly available financial statements, and SEBI regulatory compliance for listed companies. These requirements exist to protect public shareholders and lenders who interact with the entity. In return, the Public Limited structure provides unparalleled access to capital markets, institutional investment, and public trust — making it the preferred structure for businesses aiming for an IPO, large-scale operations, or where multiple institutional investors need to hold freely transferable equity.

We handle the complete incorporation process — from name reservation and MOA/AOA drafting through SPICe+ filing, obtaining the Certificate of Incorporation and PAN/TAN, to setting up the statutory registers and initial board and AGM compliance. Whether you are converting from a Private Limited Company or incorporating directly as a Public Limited Company, our CA team ensures a smooth and compliant setup.

Our Public Limited Services

Name Reservation (RUN)

Filing of Reserve Unique Name (RUN) application with the MCA to reserve the proposed company name in accordance with naming guidelines.

MOA & AOA Drafting

Drafting of Memorandum and Articles of Association tailored for a Public Limited Company, covering objects, capital structure, and governance provisions.

DIN & DSC Procurement

Assistance with obtaining Director Identification Numbers and Digital Signature Certificates for all 3 or more proposed directors.

SPICe+ Incorporation Filing

End-to-end preparation and filing of the SPICe+ form with the Registrar of Companies to obtain the Certificate of Incorporation, CIN, PAN, and TAN.

Bank Account Opening Support

Assistance with preparation of documents for opening the company's current bank account post-incorporation, including certified copies of CoI and board resolution.

Statutory Registers Setup

Preparation of initial statutory registers — Register of Members, Register of Directors, Register of Charges — as required under the Companies Act.

First Board Meeting Compliance

Drafting of agenda, notice, and minutes for the first board meeting and initial resolutions including appointment of auditor within 30 days of incorporation.

Private Limited to Public Limited Conversion

End-to-end management of conversion via special resolution under Section 14, MGT-14 filing, and obtaining a revised Certificate of Incorporation.

Our Process

Name Reservation & Document Collection

We advise on a compliant company name, file the RUN application, and collect identity, address proof, and proposed directors' details.

DIN, DSC & MOA/AOA Drafting

Director Identification Numbers and DSCs are arranged for all directors. We draft the MOA and AOA reflecting the public company structure and capital.

SPICe+ Filing with RoC

The SPICe+ web form, along with linked AGILE-PRO (for GSTIN and bank account pre-approval) and INC-33 / INC-34 e-MOA / e-AOA, is filed with the Registrar of Companies.

Certificate of Incorporation

On approval, the MCA issues the Certificate of Incorporation with CIN, PAN, TAN, and GSTIN. We deliver certified digital copies to you promptly.

Post-Incorporation Setup

We set up statutory registers, draft first board meeting minutes, assist with bank account opening, and appoint the statutory auditor within the prescribed timeline.

Why Public Limited

✓Can offer shares to the public — pathway to IPO and stock exchange listing

✓No cap on number of shareholders — ideal for large-scale equity fundraising

✓Shares are freely transferable — no restrictions in Articles of Association

✓Limited liability — shareholders not personally liable beyond their investment

✓Greater credibility with institutional investors, lenders, and vendors

✓Perpetual succession — company continues irrespective of shareholder changes

✓Can accept public deposits — subject to RBI and Companies Act conditions

✓Complete SPICe+, MOA/AOA, and post-incorporation compliance handled by us

Frequently Asked Questions

A Public Limited Company requires a minimum of 3 directors and 7 shareholders at the time of incorporation. There is no maximum limit on the number of shareholders, which is what distinguishes a Public Limited Company from a Private Limited Company. The directors must obtain Director Identification Numbers (DIN), and at least one director must be resident in India (present for 182 or more days in the previous calendar year).

As of the Companies Act, 2013 and subsequent amendments, there is no prescribed minimum paid-up capital for a Public Limited Company. The earlier requirement of Rs. 5 lakh minimum paid-up capital was removed. The authorised capital stated in the MOA must be sufficient for the intended operations, and the company must comply with the relevant sector-specific minimum capital requirements where applicable (such as banking, insurance, and NBFC).

A Public Limited Company can raise funds through private placement and rights issues to existing shareholders without going through an IPO. However, to make a public offer (IPO or FPO), the company must comply with SEBI regulations, file a prospectus, appoint merchant bankers, and list on a recognised stock exchange. A Public Limited Company is legally permitted to advertise shares for subscription, unlike a Private Limited Company.

A Public Limited Company faces more stringent compliance obligations. It must hold an Annual General Meeting (AGM) within 6 months of the financial year end, maintain a register of members, file AOC-4 and MGT-7 with the MCA, publish financial statements in a prescribed format, and comply with additional provisions on Related Party Transactions, directors' report, and corporate governance. Listed Public Limited Companies must additionally comply with SEBI (LODR) Regulations, including quarterly financial reporting and disclosures.

A Public Limited Company can offer shares to the general public and can be listed on a stock exchange; a Private Limited Company cannot. A Public Limited Company requires at least 7 shareholders and 3 directors; a Private Limited Company requires 2 of each. A Public Limited Company's shares are freely transferable; a Private Limited Company restricts share transfer in its Articles of Association. Public Limited Companies face heavier regulatory and disclosure obligations but have broader capital-raising options.

Conversion is effected by passing a special resolution under Section 14 of the Companies Act, 2013 to alter the Articles of Association and remove the restrictions applicable to a Private Limited Company. Form MGT-14 is filed with the Registrar of Companies within 30 days of the resolution. The company must then comply with the minimum director and shareholder requirements for a Public Limited Company. The MCA issues a new Certificate of Incorporation on conversion.

Ready to register your Public Limited Company?

We handle the complete incorporation — name reservation, MOA/AOA, SPICe+ filing, Certificate of Incorporation, and post-incorporation statutory setup — so you can focus on building your business.