Public Limited Company (PLC)

A Public Limited Company is a corporate entity that allows public investment through shareholding, offering enhanced credibility, access to capital markets, and regulatory recognition.

Unlimited Shareholders & Public Investment

Separate Legal Entity

Limited Liability & Perpetual Succession

Overview

Benefits

Advantages

Service Coverage

Why Choose Wish Legals

Wish Legals

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Overview

A Public Limited Company (PLC) is a business structure in India that allows a company to raise capital from the public by issuing shares through Initial Public Offerings (IPO) or private placements. Unlike a Private Limited Company, a PLC has no restriction on the number of shareholders, making it suitable for businesses planning large-scale operations. Governed by the Companies Act, 2013, PLCs are subject to stringent compliance, including SEBI regulations, periodic financial disclosures, and mandatory board meetings.

One of the biggest advantages of a PLC is its ability to raise unlimited funds through stock exchanges, which provides better growth opportunities. However, it also comes with higher regulatory scrutiny and compliance obligations such as annual audits, board resolutions, and disclosure of financial performance to the public.

What is Public Limited Company?

To incorporate a PLC, a minimum of three directors and seven shareholders are required, with no upper limit on shareholders. Public Limited Companies are commonly chosen by businesses looking for rapid expansion, better market credibility, and enhanced investment opportunities. Despite the complexity of incorporation and compliance, the benefits of limited liability, enhanced capital access, and business continuity make it a preferred choice for large enterprises.

Benefits

Access to Public Funding

Public Limited Companies can raise funds from investors IPOs or stock exchanges, ensuring substantial capital availability.

Unlimited Shareholder Base

There is no cap on the number of shareholders, allowing broader ownership and investment opportunities.

Limited Liability Protection

Shareholders' personal assets remain protected, and they are only liable for their shareholding.

Higher Business Credibility

PLCs must disclose financials and follow regulations, enhancing trust among investors, banks, and stakeholders.

Easy Share Transferability

Shares of a PLC can be freely transferred or traded on stock exchanges, ensuring liquidity for shareholders.

Perpetual Succession

The company continues to exist even if shareholders or directors change, ensuring long-term business continuity.

Our Service Advantages

We manage registration, name approval, drafting of documents, and post-incorporation compliance, ensuring smooth incorporation.

Our professionals help you navigate MCA, SEBI, and stock exchange regulations, ensuring full legal compliance.

We provide a streamlined approach to incorporation, regulatory filings, and share issuance, reducing delays.

We offer affordable customized packages for startups, mid-sized businesses, and enterprises.

Our team supports ROC filings, annual audits, shareholding disclosures, SEBI filings, and statutory reporting to maintain compliance.

Comprehensive End-to-End Support

Expert Legal & SEBI Compliance Assistance

Cost-Effective & Transparent Pricing

Ongoing Compliance & Advisory

Step By Step

Obtain a Digital Signature Certificate (DSC)

All directors and subscribers must obtain DSC for digitally signing incorporation documents.

Apply for Director Identification Number (DIN)

Directors must secure a DIN from the MCA to be legally recognized as company directors.

Reserve the Company Name

Apply for name approval through SPICe+ (MCA portal), ensuring it aligns with business objectives and is not already registered.

Draft & File Incorporation Documents

Submit key documents including Memorandum of Association (MoA), Articles of Association (AoA), SPICe+ Form, and declarations by directors.

Receive Certificate of Incorporation (COI)

Upon MCA approval, the company receives a Certificate of Incorporation, including PAN & TAN registration.

Post-Incorporation Compliances

Open a corporate bank account, register with SEBI (if applicable), comply with ROC filings, GST, and taxation requirements, and issue shares as per regulations.

Step By Step

Obtain Digital Signature Certificate

All directors and subscribers must obtain DSC for digitally signing incorporation documents electronically.

Apply for Director Identification Number (DIN)

Directors must secure a DIN from the MCA to be legally recognized as company directors

Company Name Reservation

Apply for name approval through SPICe+ (MCA portal), ensuring it aligns with business objectives and is not already registered

Draft and File Incorporation Documents

Submit key documents including Memorandum of Association (MoA), Articles of Association (AoA), SPICe+ Form, and declarations by directors

Receive a Certificate of Incorporation

Upon MCA approval, the company receives a Certificate of Incorporation, including PAN & TAN registration

Post-Incorporation Compliance

Open a corporate bank account, register with SEBI (if applicable), comply with ROC filings, GST, and taxation requirements, and issue shares as per regulations.

Why Choose Wish Legals

Reason for choosing us

Comprehensive Legal Exrtise

Tech-Driven Solutions

Dedicated Customer Portal

Client-Centric Approach

Cost-Efficient Services

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