Public Limited Company Registration

Public Limited Company should be chosen by anyone looking to build a scalable business. It is one of the most popular legal structure option for businesses in India for businesses willing to raise funds from Public. A Public Limited company has a minimum of 7 members and a maximum of unlimited members. A director of a Public Limited company has limited liability to creditors. In case of a default, banks / creditors can sell only company’s assets but not the personal assets of a directors. A Public Limited company is considered one of the most popular corporate entity amongst the large businesses in India due to its various advantages.

The process for registration of a company is governed by the Ministry of Corporate Affairs, Companies Act, 2013 and the Companies Incorporation Rules, 2014. A natural person can be a director and as well as shareholder, where a corporate legal entity can only be a shareholder. In addition to that, foreign nationals, foreign corporate entities or NRIs are also allowed to be the Directors and/or Shareholders of a Company with Foreign Direct Investment, making it the preferred choice of entity for foreign promoters.

Growing businesses choose to register a company in India because it allows outside funding to be raised easily, limits the liabilities of its shareholders and enables them to offer employee stock options to attract top talent. As these entities must hold board meetings and file annual returns with the Ministry of Corporate Affairs (MCA), they tend also to be viewed with more credibility than a Limited Liability Partnership (LLP), One Person Company (OPC), or General Partnership. At Veracity Legal, we are continuously available to help you understand how to register a Public Limited company. Company Registration in India can be done through Veracity Legal in all major cities including Nagpur, Mumbai, New Delhi, Chennai, Kolkata & all other Indian cities.