The ideal structure for businesses planning to raise funds from the public, list on stock exchanges (IPO), or achieve significant global scale.
Ideal for businesses planning to raise funds from the public, IPOs, or achieve significant global scale.
A Public Limited Company (PLC) is a corporate structure that has offered shares to the general public and has limited liability. It is required to publish its true financial health to its shareholders and is regulated strictly by the Companies Act, 2013.
It is formed by a minimum of 7 members and 3 directors. There is no restriction on the maximum number of shareholders, and the shares are freely transferable.
Why large businesses prefer the Public Limited structure.
Can raise funds from the public through IPOs, debentures, and bonds easily.
Shareholders' liability is limited only to the extent of unpaid amount on shares held.
Shares of a public limited company can be freely traded and transferred among members.
Step-by-step to public incorporation.
Obtain Digital Signatures and Director Identification Numbers for all 3 directors. (Day 1-2)
Reserve a unique name ending with "Limited" via MCA RUN service. (Day 3-4)
File SPICe+ forms. Upon verification, you get the Certificate of Incorporation. (Day 7-10)
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