Overview
A Public Limited Company is a type of company which can invite the public to subscribe to its shares and debentures. It is governed by the Companies Act, 2013 and regulated by the Ministry of Corporate Affairs. This structure is suitable for businesses that aim for large scale operations, higher investment and long term growth. A Public Limited Company can be listed or unlisted, depending upon whether its shares are traded on a stock exchange.
As per law, a Public Limited Company must have a minimum of three directors and seven shareholders. There is no maximum limit on the number of shareholders. The minimum paid up capital requirement is as prescribed under the Act and rules. The liability of shareholders is limited to the amount unpaid on their shares. This structure provides credibility and strong corporate image in the market.
Public Limited Companies are generally preferred by businesses planning to raise capital from the public, institutional investors or venture capitalists. Due to strict compliance and disclosure norms, these companies enjoy higher transparency and trust. However, they are also required to follow detailed compliance such as board meetings, annual filings and statutory audits.
At BizGlobal, we provide complete assistance in incorporation of Public Limited Company. From name approval to drafting Memorandum and Articles of Association and filing incorporation forms like SPICe Plus Part B, we handle the entire process professionally. Our team ensures smooth registration and full compliance so that you can focus on scaling your business confidently.
