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What is a Public Limited Company Registration ?

A public limited company (PLC) is a type of business structure that is allowed to sell shares to the public. PLCs are subject to the Companies Act 2006, which requires them to be registered with Companies House in the United Kingdom. They have limited liability, meaning that shareholders can only lose the amount of money that they have invested in the company. PLCs must have a minimum of two shareholders and must have a minimum of one director. They must also have a certain amount of capital, depending on the type of activities they undertake.

Highlights

Highlights of Public Limited Company Registration?

What are the benifits of Public Limited company?

The benefits of a public limited company include limited liability, an ability to raise capital through the sale of shares, an increase in the potential pool of investors, and enhanced credibility. Additionally, large companies issuing shares on the stock market allow for the ability to easily transfer ownership and the potential for liquidity.

What is the companies Act 2006 of India?

The Companies Act, 2006 is the primary legislation governing companies in India. It is a consolidated legislation which seeks to modify and consolidate the law relating to companies and certain other associations. This Act regulates the incorporation, organization and management of companies, their rights and liabilities, and the procedures for their winding up.

Documents

To register a public limited company, you will need to provide the following documents:

Memorandum of Association
Articles of Association

Certificate of Commencement of Business
Tax Deduction & Collection Account Number (TDSCAN)

Identity Proof

TAN Card
PAN Card
Certificate of Incorporation

Address Proof

Form SH-7
Form DIR-12
GST Registration

Photographs

Bank Statement
Digital Signature Certificate

Ownership Proof

Shop & Establishment Certificate
Signature of the Director

How to choose a name?

Public Limited Company Name Format and Formulation

Documentation

Additionally, you may need to provide additional documents or information, depending on the nature of your business.

Unique Name

When registering a company name for a public limited company in the UK, it must be distinct from all other registered companies and must not be offensive. The name must also end with the words 'public limited company', 'plc' or 'PLC'. It is also recommended to carry out a name search to ensure that the proposed name is not already in use.

Time Needed

Depending on the jurisdiction, the registration of a public limited company can be a lengthy process that can take anywhere from 1 to 3 months. The specific timeline can vary based on the requirements of the jurisdiction and the availability of the required documents and information.

Process of Registration

Public limited company registration typically involves the following steps:

Day-1 & Day-2

Choosing a suitable name for the company and getting it approved by the Registrar of Companies.
Filing the Memorandum and Articles of Association with the Registrar of Companies.
Obtaining the Certificate of Incorporation from the Registrar of Companies.

Day-3 - & Day-4

Holding the first board meeting and allotting shares to the members.
Opening a bank account in the name of the company.
Applying for PAN and TAN numbers from the Income Tax Department.

Day-5 & Day-6

Obtaining the TDS certificate from the Income Tax Department.
Obtaining other necessary registrations such as GST and professional tax.
Complying with other legal formalities such as obtaining DIN, filing e-forms on MCA portal, etc.

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