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Public Ltd. Company is a voluntary association of members and its shares are offered to the general public. In shareholders’ view, the foremost advantage of Public Ltd. Company is that it is required to publish its true financial health to its shareholders. It operates under the Companies Act, 2013. Decision-making power in public ltd. is vested in the Board of Directors, and these decisions are taken by majority rule that ensures the unity of direction in the company.
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Anyone can invest in public ltd company as shares are offered to the general public at large
A public ltd. company have limitless resource for fund raising like crowd funding and by compliance fulfillment it can easily be listed in stock market
By getting listed in stock market the credibility of the company increases and opportunity for expansion or fund raising
PAN CARD of Directors and Members
Passport If NRI or Foreign National
Aadhar/Driving License/Voter Id of Directors and Members (As identity Proof)
Bank Statement/Electricity or Gas Bill/Telephone or Mobile Bill (As Address Proof)
Passport Size Photograph of Directors and Members
Business Address Proof:
Electricity Bill/Water Bill (Latest)
If Rented: Rent Agreement and NOC from the Property owner
If Owned: Copy of Property Papers
Note : *In case of NRI or Foreign National the documents of Directors and Shareholders must be Notarized or Apostilled.
The process of registering a Public Ltd. company in India typically takes around 20-25 days, provided that all the required documents are in order and the application is complete.
There is a fee for registering a Public Ltd. company in India, which varies depending on the state and the authorized capital of the company. The fee can be paid online through the Ministry of Corporate Affairs (MCA) portal.
Public Ltd. companies are required to file annual returns with the Registrar of Companies (RoC) and the Ministry of Corporate Affairs (MCA) every financial year. Additionally, they need to file financial statements, annual accounts and other returns as specified by the Companies Act.
If a Public Ltd. company fails to file its returns on time, it may be subject to penalties and fines. In addition, the company may also be deemed as "struck off" or "dissolved" by the Registrar of Companies (RoC) if returns are not filed for a continuous period of 2 financial years.
Yes, Public Ltd. companies are allowed to list on stock exchange, but they must comply with the listing regulations and the guidelines of the stock exchange.
Yes, a Public Ltd. company can change its name after registration by filing a special resolution with the Registrar of Companies (RoC) and obtaining the necessary approvals.
Yes, it is mandatory for a Public Ltd. company to appoint a statutory auditor who will conduct an independent audit of the company's financial statements and report to the shareholders and the Registrar of Companies (RoC).