What is Public Limited Company?

A Public Limited Company is a type of business where lots of people can become owners. It’s like a big club where you can buy shares and become a part-owner. What’s cool is that if something goes wrong with the company, you’re not responsible for all the losses; you only lose what you invested in buying those shares. This means your risk is limited.

Another great thing about a Public Limited Company is that it’s very transparent. The people who manage the company are separate from the owners, which makes it easier to see how the company is doing. Plus, you can easily buy or sell your shares to other people. And the company can own property in its own name, so no one can claim it. So, it’s like being part of a big, transparent club where your risk is limited, and you can own a piece of a large business.

Application Requirements for Public Limited Company Registration

• Minimum Number of Members: You need at least seven people to start a public limited company. More people can join as shareholders.
• Minimum Capital: You must have a certain amount of money to start the company, but you don’t need to pay it all at once.
• Director’s Identification Number (DIN): The directors of the company should have a unique identification number.
• Name Approval: The company’s name must be unique, and it should follow the rules set by the government.
• Registered Office: You must have a physical address where the company can be located.

Documents Needed to Register a Public Limited Company

• For the Company’s Directors:
  • A photo of each director.
  • PAN card of each director.
  • Aadhar card of each director.
  • Address proof* for each director.
  • Proof of identity** for each director.
• For the Registered Office Address of the Company:
  • A recent electricity bill or another utility bill in the owner’s name.
  • If you’re renting the office, you need a rent agreement between the owner and the company promoter. Or, if the owner is the company’s promoter, you can get a No Objection Certificate (NOC) from them.

Address Proof: This can be a bank statement, electricity bill, telephone bill, or mobile bill, and it shouldn’t be older than 2 months.

Identity Proof: This can be a driving license, voter ID card, or passport, and you can use any one of them.