A Public Limited Company (PLC) is a type of company that offers its shares to the general public and can be listed on a stock exchange. It is registered under the Companies Act, 2013, and is suitable for large-scale businesses that aim to raise capital from the public.
Key Features of a Public Limited Company:
Minimum 3 directors and 7 shareholders required
No cap on the maximum number of shareholders
Can issue shares to the public via IPO
Mandatory to comply with SEBI regulations (if listed)
Requires statutory audit and stricter compliance
Difference in Incorporation: Private Ltd. vs Public Ltd.
asis
Private Limited Company
Public Limited Company
Minimum Members
2
7
Maximum Members
200
No limit
Directors Required
2
3
Public Subscription
Not allowed
Allowed
Stock Exchange Listing
Not allowed
Allowed (optional)
Compliance Requirement
Moderate
High
Name Suffix
Pvt. Ltd.
Ltd.
Documents Required for Public Limited Company Registration:
For Directors/Shareholders:
PAN Card
Aadhar Card / Passport / Voter ID
Passport-size Photograph
Email ID and Mobile Number
For Registered Office:
Electricity Bill / Rent Agreement
NOC from Owner
Ownership Proof (if applicable)
Other Documents:
Digital Signature Certificates (DSC)
Director Identification Numbers (DIN)
Draft MOA & AOA with object clauses
LLP vs Private Limited vs Public Limited – Comparison
LLP vs Private Limited vs Public Limited – Comparison