Starting a business with growth and investment potential? Then public limited company registration in Delhi might be the right choice for you. This business structure is ideal for entrepreneurs looking to raise capital through public investments while enjoying the benefits of limited liability and an organized corporate framework.
In this guide, we’ll walk you through the steps involved in public limited company registration in Delhi, the requirements you’ll need to meet, and how a professional can simplify the process.
What is a Public Limited Company?
A Public Limited Company (PLC) is a company that offers its shares to the general public and is regulated by the Ministry of Corporate Affairs in India. It must have a minimum of 3 directors, 7 shareholders, and a paid-up capital as prescribed under the Companies Act, 2013. Once registered, it can raise funds through IPOs, issue debentures, and more.
Step-by-Step Process for Public Limited Company Registration in Delhi
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Obtain Digital Signature Certificates (DSCs)
All proposed directors must acquire a DSC to sign electronic documents during the registration process. -
Apply for Director Identification Number (DIN)
Each director must apply for a DIN through the MCA portal. -
Choose and Reserve a Company Name
File the RUN (Reserve Unique Name) form with two name preferences. Ensure the names follow MCA guidelines and are unique. -
Draft the Memorandum and Articles of Association (MOA & AOA)
These documents define the company’s purpose, internal rules, and regulations. -
Filing for Incorporation
Submit the SPICe+ form on the MCA portal with all the necessary documents, including the MOA, AOA, proof of registered office, and identity/address proof of directors. -
Get the Certificate of Incorporation
Once all documents are verified, the Registrar of Companies (RoC) will issue the Certificate of Incorporation. Your company will also receive a Corporate Identification Number (CIN). -
Apply for PAN and TAN
PAN and TAN are required for opening a bank account and complying with tax regulations. -
Open a Bank Account
A current account must be opened in the company’s name for business transactions.
Why You Need Professional Help
The process of public limited company registration in Delhi involves meticulous documentation and compliance. Hiring a professional CA in Delhi can help you avoid errors and delays, ensuring a smooth registration process. They can also guide you through post-registration compliance like annual filings, tax registrations, and audit requirements.
Whether you’re starting from scratch or transitioning from a partnership to a company, expert guidance makes a world of difference. If you’re exploring different company structures, you might also consider ltd company registration as another viable option.
Final Thoughts
Opting for public limited company registration in Delhi provides unmatched advantages if you plan to expand, invite investors, or go public in the future. However, the process requires detailed attention and adherence to legal formalities. Make sure to consult with a trusted professional to ensure your company is set up for success from day one.