Public Limited Company

The main advantage of a PLC is that it can raise capital by issuing shares to the public. This makes it easier for a PLC to raise funds compared to other types of companies. Additionally, a PLC has more transparency and accountability compared to a private company as it is required to disclose its financial statements publicly.

Totalica specializes in providing comprehensive solutions for Public Limited Company Registration in India. Our expert team guides clients through the entire process, ensuring a smooth and efficient experience. We offer expert consultation, assistance with documentation, application preparation, regulatory liaison, and ongoing compliance support. With Totalica by your side, you can navigate the complexities of public limited company registration with ease, ensuring compliance with legal requirements and paving the way for your business to thrive. Experience a hassle-free registration process with Totalica. Contact us today to learn more about our services tailored to your specific needs.

FAQs for Public Limited Company Registration
What is the minimum share capital required for a Public Limited Company?
Can a Public Limited Company be registered with only one director?
What are the advantages of setting up a Public Limited Company?
What are the disadvantages of setting up a Public Limited Company?
How long does it take to register a Public Limited Company?
How much does it cost to register a Public Limited Company?
Can I change the company name after registering a Public Limited Company?
What are the ongoing compliance requirements for a Public Limited Company?
How do I apply for a trading certificate for my Public Limited Company?
What are the tax implications of setting up a Public Limited Company?

What is a Public Limited Company?
A Public Limited Company (PLC) is a company whose shares are traded publicly on a stock exchange. It is a business entity that is owned by its shareholders and is governed by the Companies Act 2013. A PLC has a minimum of seven shareholders, and there is no upper limit on the number of shareholders.

The main advantage of a PLC is that it can raise capital by issuing shares to the public. This makes it easier for a PLC to raise funds compared to other types of companies. Additionally, a PLC has more transparency and accountability compared to a private company as it is required to disclose its financial statements publicly.

However, a PLC is subject to greater regulation and compliance requirements than other types of companies. This includes regular filing of returns, complying with listing regulations, and following SEBI guidelines. PLCs also have a higher cost of compliance compared to other types of companies.

To incorporate a PLC, the company needs to have a minimum of three directors and seven shareholders. The registration process involves obtaining a digital signature certificate, director identification number, and filing the company incorporation documents with the Registrar of Companies.
Process for Public Limited Company Registration If you are considering setting up a Public Limited Company, Totalica can assist you with the entire process. Here’s a step-by-step overview of the registration process:
Choose a unique company name and check its availability with Companies House.
Prepare the Memorandum and Articles of Association, which outline the company’s objectives, rules, and regulations.
Appoint directors, a company secretary, and a registered office address.
Issue shares to shareholders and prepare a statement of initial shareholdings.
File the necessary documents with Companies House, including Form IN01, Memorandum and Articles of Association, and a statement of capital.
Pay the registration fee to Companies House.
Once the registration process is complete, you will receive a certificate of incorporation, which signifies that your company is now registered and incorporated as a PLC.
At Totalica, we can handle all aspects of the Public Limited Company registration process for you, including preparing the necessary documentation, advising you on the selection of directors, and ensuring that all legal requirements are met.