A Public Limited Company (PLC) is a type of business that can raise funds from the public by issuing shares. It is registered under the Companies Act, 2013, and regulated by the Ministry of Corporate Affairs (MCA). A PLC must have at least three directors and seven shareholders, and it can have unlimited shareholders. Public companies are listed on the stock exchange, which makes it easier for them to raise large capital.
The main advantage of a PLC is that it allows you to expand your business with the help of public investment. It also builds trust among customers, suppliers, and investors. Since the company is a separate legal entity, the personal assets of its members are not at risk if the business suffers a loss.
To register a PLC, you’ll need documents like a PAN card, Aadhaar card, passport-sized photo, address proof of directors and shareholders, and proof of the business address. At CallmyCA, we take care of everything online — from document collection to getting your Certificate of Incorporation (COI).
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PAN card for Indian nationals and passport for foreign nationals (Minimum 2 Directors/Shareholders).
Aadhar card, voter ID, passport, driving license
Recent utility bills or bank statements (Not older than 2 months).
Electricity bill and Rent agreement/NOC from the landlord.
(if any)
PAN + Aadhar, Photo, Contact No, Email ID
Name of Director, Name of Entity in which Director has an interest, Type of Interest – eg, Profit shares, % of shareholding, any other interest
Authorised & Issued Capital
Email ID, Mobile No. Education qualification, Occupation, Bank Statement
A PLC can raise funds from the general public by issuing shares. This helps in growing the business quickly.
Shareholders are only responsible up to the amount they have invested. Their assets are safe.
Public companies are seen as more trustworthy by banks, investors, and customers.
A PLC can be listed on the stock exchange, making it easier to trade shares and raise capital.
With access to more funds and better credibility, a public company can expand its operations easily.
Shares of a public company can be easily transferred, which provides liquidity to shareholders.
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Charitable organizations also need TAN if they deduct TDS on payments. We help you get TAN even if you're a non-profit.
Once issued, TAN doesn’t expire. It’s a one-time process and valid forever unless you apply for surrender or correction.
You need a minimum of seven shareholders and three directors to form a public limited company. There is no upper limit on the number of shareholders.
Yes, once the company meets the listing requirements set by SEBI and the stock exchange, it can be listed, allowing public trading of shares.
A private limited company cannot issue shares to the public and has fewer compliance requirements, while a public limited company can raise money from the public and is subject to stricter regulations.
The process usually takes 15 to 25 working days, depending on how quickly the documents are submitted and government approvals.
Yes, every public company must appoint a statutory auditor within 30 days of incorporation, as per the Companies Act.
Yes, foreign individuals or entities can be directors or shareholders, provided they meet the compliance requirements set by the MCA and the RBI.
A public limited company must file annual returns, financial statements, hold board meetings, and comply with ROC filings and SEBI guidelines if listed.
Yes, a private limited company can be converted into a public company by altering its Memorandum and Articles of Association and passing necessary board resolutions.
There is no minimum capital requirement legally, but for listing on the stock exchange, certain capital thresholds must be met as per SEBI.
No, registration as a public company does not mean you must immediately issue shares to the public. It only gives you the option to do so when needed.