Public Limited Company Registration in 10 working days

Once the legal requirements of the company such as the number of directors, shareholders, and minimum capital investment are fulfilled you can initiate the public limited company registration process. 

The procedure for registration of public limited company in India is given below: 

Step 1: Applying for DSC  

The three directors who are going to be involved in the registration process need to produce a Digital Signature Certificate (DSC) for signing the application forms digitally. So, the first step for them is to obtain a DSC through a certified authority. This involves submitting an application form, attaching ID proofs, and video verification.  

Anyone involved in submitting forms for the company needs to have a DSC. However, it is not essential for all of them to obtain it before company registration.  

Instead of doing each step by yourself, you can get the entire public limited company registration procedure done easily with the help of the Wellcorp Office.  

Step 2: Applying for DIN  

The directors of the company need to obtain a Director Identification Number (DIN) from the MCA portal. It is mandatory for every director of the company to have one.  

However, the 3 directors responsible for the registration can get a DIN through the application process itself. 

Step 3: Reserving the company's name  

Before applying for incorporation, you need to reserve a name for your company. You need to ensure that the proposed name shouldn’t violate the Emblems and Names Act, 1950 or be similar/identical to the name of any existing company or trademark.   

A maximum of six  proposed names can be submitted through the SPICEe+ form or RUN form in order of preference. The company's name should have the suffix "Limited" after its name. 

Step 4: Registration through SPICe+ form  

Once the company's name has got approval from RoC, the application for registration can be filled up in the SPICe+ form. This form requires submission of all documents such as Memorandum of Association (MOA) & Articles of association (AOA). 

Step 5: Certificate of Incorporation  

After the verification of all documents,  the RoC registers the company and gives a Certificate of Incorporation to the company which can be considered as a green flag. There is one more step after this. 

Step 6: Certificate of commencement 

Finally, the company should apply for a certificate of commencement in Form INC-20A within 180 days of receiving the Certificate of Incorporation. Apart from that you also need PAN (Permanent Account Number) and TAN (Tax Deduction Account Number) in the name of the company. This will be applied as a part of the process itself. 

Once you have the certificate of incorporation, certificate of commencement, PAN and TAN, you are all set to commence your business operations. 

Timeline For Public Limited Company Registration Process

The process for public limited company registration can be completed between 10-15 days including all documentation. Provided all the applications and documents are submitted promptly without any errors and the government approval happens on time.

Public Limited Company Registration Fees 

The registration fee varies based on the capital and members involved. You can get an estimate of the fee by checking this table of fees available in the Company Rules, 2014.

Compliance For Public Limited Company Registration 

A public limited company is accountable to the public, shareholders, investors, etc. Therefore, a list of annual compliances has to be carried out with the Registrar of Companies and the Ministry of Corporate Affairs.

The following are the common compliance requirements for a public limited company: 

• Board of Directors meeting should be conducted within 30 days from the date of its incorporation. 
• Financial statements such as the balance sheet, director’s report, auditor’s report, etc must be submitted within thirty days of holding the Annual General Meeting. 
• Annual returns must be filed every year. 
• Income tax and GST returns have to be filed periodically. 
• Secretarial Audit Report has to be submitted when the total paid-up capital is equal to or crosses ₹50 crores or Its annual turnover is equal to or exceeds ₹250 crores. 
• The Financial and Director’s Report must be submitted within 30 days from the Annual General Meeting 
• SEBI related compliances 

These are the basic compliances for a listed company. There are another set of compliances if the company is unlisted or if there are certain contingencies.