Public Limited Company
A Private Limited Company can be converted to a Public Limited Company by altering its few Articles, like number of members and directors, restriction on transfer of shares, acceptance of public deposits etc. secondly a resolution needs to be passed for EGM where matters need to be discussed by share holders and approval of shareholder is needed.
As per the provisions of the Companies Act, 2013 to start a public limited company, a minimum of 3 directors are required and there is no restriction on the maximum number of directors.
Public limited companies (plc)
- the business has the ability to raise additional finance through share capital.
- the shareholders have limited liability.
- increased negotiation opportunities with suppliers in terms of prices because larger businesses can achieve economies of scale.
Advantages of public limited company
- The company can raise capital through share sales.
- This raised capital can fund expansion and new opportunities.
- Capital can also be used to pay off debt.
- Publicity increases brand awareness.
- Listing on the stock market can increase company reputation and prestige.
- Public records can make it easier to attract business partners.
- Sense of transparency can improve customer perception of brand.
Disadvantages of public limited company
- Two directors are needed for a PLC, whereas a Ltd only needs one.
- More regulated both for taxes and Companies House.
- tax deadlines are shorter for public companies.
- Unlike Ltd’s company secretaries, a PLC’s company secretary must be fully qualified.
- Shareholders can be anyone who chooses to purchase, which can dilute a unified company vision.
- More vulnerable – the more shareholders there are, the more power has been distributed.
Documents Required For Public Company Registration
All below all the documents are required:-
Photograph of all the Directors.
PAN Card of all the Directors.
ID Proof of all the Directors (Driving License/Passport/Voter ID/Aadhaar card).
Electricity Bill or any other utility bill for the address proof of the Registered Office.
DSC(class 3 )of all directors.
Mobile bill / Electricity bill / Updated Bank passbook of all directors.
What are the Annual Compliances for Listed Public Limited Company?
The following are the most important and significant compliances for a Public Limited Company:
| S. No | Compliance | Particulars of Compliances | Form No | compulsion | Due Date |
| 1. | Annual General Meeting | Annual General Meeting to be conducted as per the provisions of the Act. | Form MGT-15 | mandatory | Within thirty days from date of its incorporation. |
| 2. | Financial Statements | Balance sheet, Director’s Report, Cash Flow Statement Auditor’s Report and the consolidated Financial Statement prepared in Extensible Business Reporting System (XBRL). | Form AOC-4 | mandatory | Within thirty days of holding the Annual General Meeting or AGM |
| 3. | Annual Return | Information about the directors and shareholders is to be filed with relevant Registrar of Companies | MGT-7 | mandatory | Within sixty days of the Annual General Meeting(AGM) |
| 4. | Financial and Director’s Report | Adoption of Financial and Director’s Report | Form MGT-14 | mandatory | Within thirty days from the Board Meeting |
| 5. | Income Tax Returns | Income Tax Returns must be filed before the Tax Department. | Form ITR-6 | mandatory | On or before 30th September of the financial year |
| 6. | Secretarial Audit Report | Submission of Secretarial Audit Report along with the Board Report when: Its total Paid- up capital is equal to or crosses Rs.50 crore or Its annual turnover is equal to or exceeds Rs 250 crore. | Form MR-3 | mandatory | Before appointment or reappointment of The Secretarial Auditors. |
| 7. | Compliances under all Rules and Regulations associated with SEBI | Includes the Listing Regulations of 2015 | mandatory |
Our best plans
All inclusive
All inclusive
Basic
Class 3 digital signature certificate - 3 pcs
Director identification numbers - 3 number
RUN name approval
Up to 15 lakh authorized capital
Incorporation fee
Stamp duty
Incorporation certificate
GST registration
ESI registration
PF registration
PAN and TAN
15 Copies of MOA
15 Copies of AOA
10 Copies of share certificate
Company seal
Incorporation kit
Rs.
35000
30000
All inclusive
All inclusive
Standard
Class 3 digital signature certificate - 3 pcs
Director identification numbers - 3 number
RUN name approval
Up to 15 lakh authorized capital
Incorporation fee
Stamp duty
Incorporation certificate
GST registration
ESI registration
PF registration
PAN and TAN
15 Copies of MOA
15 Copies of AOA
10 Copies of share certificate
Company seal
Incorporation kit
GST filing - 12 months.
Rs.
55000
36100
All inclusive
All inclusive
Premium
Class 3 digital signature certificate - 3 pcs
Director identification numbers - 3 number
RUN name approval
Up to 15 lakh authorized capital
Incorporation fee
Stamp duty
Incorporation certificate
GST registration
ESI registration
PF registration
PAN and TAN
15 Copies of MOA
15 Copies of AOA
10 Copies of share certificate
Company seal
Incorporation kit
Commencement of business certificate
Income tax return filing of ltd company
Board resolution preparation
Annual report
MCA annual filing
Preparation of financial statement
Director report
1 year compliances support
Udyam registration MSME
GST filing - 12 months.
Rs.
60000
50000
Frequently asked questions