Public Limited Company Registration

Public Limited Company Registration in Gujarat with L & C TechFin Advisory Pvt Ltd

Meaning of Public Limited Company

According to the Companies Act, 2013, a Public Limited Company (PLC) is a legal entity that offers its shares to the public and has limited liability. This means that the company’s shares can be freely traded on the stock market, making it an attractive option for businesses looking to raise capital.

A Public Limited Company in Gujarat can offer shares to the public through an Initial Public Offering (IPO) or by listing on stock exchange platforms. Any individual or entity can acquire shares in a PLC, making it a preferred choice for expanding businesses.

A PLC must adhere strictly to regulatory requirements and disclose its financial status to shareholders, ensuring transparency and credibility.

Suitability & Popularity

A Public Limited Company is suitable for medium and large-sized businesses in Gujarat that seek to raise equity capital from the public. Given its benefits, it remains one of the most preferred business structures among growing enterprises in the state.

Characteristics of a Public Limited Company

Understanding the essential characteristics of a Public Limited Company helps businesses make informed decisions:

• Directors: A Public Limited Company must have a minimum of 3 directors.

• Paid-up Capital: No minimum capital is required to establish a Public Limited Company.

• Prospectus: A prospectus must be issued to inform potential investors about the company’s business affairs.

• Name: The name of every Public Limited Company must end with the word “Limited.”

• Limited Liability: The liability of shareholders is limited, ensuring that personal assets remain protected from business debts.

Benefits of Public Limited Company Registration in Gujarat

• Access to Additional Capital: A PLC can raise large amounts of capital from the public, facilitating business expansion.

• Increased Public Credibility: Listing on stock exchange platforms boosts business visibility and trustworthiness among investors, mutual funds, and hedge fund traders.

• Risk Distribution: Since ownership is shared among multiple shareholders, business risks are divided.

• Business Expansion & Success: Increased capital, enhanced credibility, and risk-sharing create avenues for growth and investment in new projects.

Requirements for Public Limited Company Incorporation

To incorporate a Public Limited Company in Gujarat, businesses must meet the following requirements:

• Minimum 3 Directors and 7 Members: At least 3 directors and 7 members are required.

• PAN Card: Self-attested PAN cards of all members and directors.

• Identity Proof: Self-attested ID proof (Passport, Voter ID, Aadhaar, or Driving License) of all members and directors.

• Address Proof: Self-attested address proof (Bank Statement, Electricity Bill, Telephone/Mobile Bill) not older than 2 months.

• Photographs: 2 passport-size colored photos of each member and director.

• Business Address Proof: NOC from the property owner or utility bill (not older than 2 months) for the business premises.

• Other Information Required:

  • Authorized and paid-up share capital details

  • Directors’ and members’ residential addresses, occupations, and birthplaces

  • Proposed business activity details

  • Educational qualifications of directors and members

  • Contact details and email IDs

Process of Public Limited Company Registration in Gujarat

L & C TechFin Advisory Pvt Ltd ensures a seamless registration process for Public Limited Companies in Gujarat. The registration process involves:

1. Application for Name Reservation:

   • Apply for name reservation through the MCA’s SPICe+ web service.

   • Conduct a name availability and trademark search before submission.

2. Filling Part B of SPICe+:

   • Complete the incorporation form with necessary details.

   • Review and modify the information before submission.

3. Convert SPICe+ Form into PDF:

   • Convert the form to PDF and affix the Digital Signature Certificate (DSC).

4. Upload the Form to MCA:

   • Submit the digitally signed form through the MCA portal.

5. Declaration by Directors and Subscribers:

   • Declaration form INC-9 is automatically generated and submitted online, except when:

     • The number of directors/subscribers exceeds 20.

     • Any subscriber/director lacks a DIN and PAN.

Recent Amendments & Changes

• No Need to Mention SRN: Names reserved in Part A of SPICe+ automatically appear in Part B.

• Mandatory ESIC & EPFO Registration: All new companies incorporated after February 2020 must register under ESIC and EPFO.

• Professional Tax Registration in Maharashtra: Companies incorporated in Maharashtra must register for Professional Tax.

• Mandatory Bank Account Application: New companies must apply for a bank account via the AGILE-PRO linked web form.

• Mandatory Filing of e-MoA & e-AoA: For up to 7 subscribers, e-MoA and e-AoA filing is mandatory.

• Filing of Statutory Returns: Companies with ESIC/EPFO numbers must file returns only if they cross the prescribed threshold limit.

Why Choose L & C TechFin Advisory Pvt Ltd?

At L & C TechFin Advisory Pvt Ltd, we specialize in company registration, ensuring hassle-free incorporation of Public Limited Companies in Gujarat. Our expert services include:

✅ Name reservation & document filing ✅ Digital signature & DIN processing ✅ MCA compliance & regulatory approvals ✅ Assistance with ESIC, EPFO, and tax registrations ✅ Ongoing business compliance support

Start your Public Limited Company in Gujarat today with L & C TechFin Advisory Pvt Ltd!

📞 Contact us now for expert consultation.