A Public Limited Company is a company that can offer its shares to the general public and raise capital through public offerings. It can also apply to list on a stock exchange like BSE or NSE. A Private Limited Company cannot offer shares to the public and is restricted to a maximum of 200 shareholders. A Public Limited Company has no such cap and is subject to higher regulatory oversight by SEBI and MCA to protect public investors.

To register a Public Limited Company in India, you need a minimum of 7 shareholders, 3 directors (at least 1 resident Indian), a minimum paid-up capital of Rs.5 lakh, and a registered office address in India. All directors must obtain a DIN and DSC before incorporation. Tax Robo handles the complete registration process.

Public Limited Company registration in India typically takes 15–25 working days from document submission. This includes DIN and DSC processing (3–5 days), name reservation (2–3 days), and SPICe+ form approval by MCA (10–15 days). Timeline may vary based on MCA processing speed.

Yes. A Public Limited Company is the only business structure in India that can legally offer its shares to the general public and raise funds through public offerings (IPO or FPO). It can also issue debentures and bonds to the public. This makes it the most powerful fundraising structure available for Indian businesses.

A Public Limited Company has significantly higher compliance requirements than a Private Limited Company. It must hold at least 4 board meetings per year, conduct a mandatory statutory audit, file Form AOC-4 and MGT-7 with ROC annually, and comply with SEBI regulations if listed. A Private Limited Company has fewer mandatory meetings and simpler compliance requirements.

Yes. A Private Limited Company can be converted to a Public Limited Company by passing a special resolution, amending its MOA and AOA, increasing the number of shareholders to at least 7 and directors to at least 3, and filing the necessary forms with the Registrar of Companies. Tax Robo handles the complete conversion process.

An IPO (Initial Public Offering) is the process by which a Public Limited Company offers its shares to the general public for the first time and lists them on a stock exchange. Not all Public Limited Companies can immediately do an IPO — they must meet SEBI’s eligibility criteria including minimum net worth, profitability track record, and corporate governance standards before applying for listing.

Yes. Statutory audit by a qualified Chartered Accountant is mandatory for all Public Limited Companies every financial year regardless of turnover or profit. The audited financial statements must be presented to shareholders at the Annual General Meeting (AGM) and filed with the Registrar of Companies through Form AOC-4.

Form 20A is the Declaration of Commencement of Business that every company with share capital must file within 180 days of incorporation. It is mandatory for Public Limited Companies. Failure to file Form 20A can result in the company being struck off the register by MCA. Tax Robo’s Prime plan includes Form 20A filing.

Missing ROC filing deadlines attracts additional fees of Rs.100 per day per form with no maximum cap. Prolonged non-compliance can lead to the company being struck off the MCA register, directors being disqualified from holding directorships in any company, and legal prosecution under the Companies Act 2013. Always file on time — or let Tax Robo handle it for you.