Public Limited Company Registration in Coimbatore  - Corpstore
                     Public Limited Company Registration 
in Coimbatore is Crucial To Your 
Business. Learn Why!
Company is a legal business structure and it is an artificial person which has perpetual succession. Due to increased demand and competition in 
the market, definitely you need to set up a company. And also that company which has been set up should be registered. It has a common 
seal which is the official signature. There are many kinds of companies like private limited, public Ltd, One Person Company and so on.
In this blog we have to look upon Public Ltd Company Registration.
What is a Public Ltd Company?
The company is said to be a Public Ltd Company when it 
is allowed to offer the shares to the public. In a public 
limited company the liabilities are limited and this acts as 
a separate legal existence. It is the voluntary association 
of the people. The formation, its working, delegations, 
dividing of the shares and the winding up procedure are 
entirely governed by law. The ownership of the public Ltd 
company is completely based on the shares of the stock. 
It can have free trade on the stock exchange. The 
shareholders have the risk to share to the public.  Public 
Ltd Company Registration has been implemented 
through the Company Act (2013). The power of decision 
making relies upon the Board of Directors. This shows the 
unity among the directors in the management.
Eligibility criteria for setting up of Public Company
• For setting up of Public Ltd Company, it definitely needs a minimum seven members and at least 
one must be the resident of India.
• All the members should be above 18 years of age.
• There is no maximum number of the members specified.
• The company collects the amount by selling the shares and the amount collected is called the share 
capital.
• It requires seven shareholders and three Directors.
• The company should be registered with the company’s house.
• Company’s name should be unique; because it should not resemble the existing companies’ names.
Documents required for registration
For  Public Ltd Company Registration, it requires the below documents:
• Photocopies of PAN for all the Directors or the promoters.
•  It needs photocopies of the address proofs of the directors or the 
shareholders.
• The address proofs include Aadhaar card, voter ID.
• Latest passport sized photographs are also needed.
•  If the office is rented in a particular place NOC of the landlord is needed.
• The residential proof is also required.
•  As required generally, DIN (Director Identification Number), DSC (Digital 
Signature Certificate) of all the directors needed.
• Article of association, Memorandum of Association is also needed.
Public Ltd Company name selection
Name Approval from MCA (name should have the suffix 
‘limited’)
Registration Get Digital Signature Certificate
Procedure Get Director Identification Number (DIN)
Generating MoA & AoA
Generating the Public Company Incorporation 
Certificate
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    Advantages of Public Ltd Company
• The Public Ltd Company has its own advantages since it involves the general public. Company’s borrowing 
power is great.
• The public limited company can raise the funds from the public so easily.
• If any of the shareholders is absent or demised, then it will not affect the existence of the Public Limited 
Company.
• Generally the shares are listed on the stock exchange, so that there is an easy transferability of the shares.
•  It encourages the public to make investment willingly.
• Since the public is involved in the company there is transparency in the management.
• It is an artificial person, so that it is protected legally.
• More funds will be granted to forward many researches and development.
• There is liquidity in the public limited company.
How to 
convert a 
Private We can convert private ltd 
limited company into Public Ltd Company 
by two ways Conversion by default 
company into and conversion by own violation.
a Public Ltd 
company?
Conversion by own violation
Conversion by own violationsays that the company name can be changed by passing a special 
resolution, in a manner provided in Section 21.  It can be occurred by passing a particular declaration. 
Also it can be obtained by approval of the central government by the delegation registrar of companies. 
Approval of ROC is not important and in conformity in provision of the Act, of a public Ltd company 
into Private Limited company.
The name must be changed from private to public. The articles must be altered to delete the 
prohibitions, restrictions and limitations contained in Section 3(1). And increase the number of members 
more than fifty. Hence necessary decisions are taken in the board meeting. Filing to form no.29 is not 
required by a private limited company to be converted into public limited company. On issuing of 
fresh certificate the company name is to be changed and converted into new company. It is the final 
stage of a  company Registration.
Conversion by default
A private limited company is required by law to provide by its articles for the following namely: restrictions on the rights to transfer its 
shares. Restrictions must be made on the maximum number which should not exceed fifty.  Public ltd company Registration insists also 
prohibition on any request; to the public to approve for any shares in or debentures of the company registration is to be approved. 
There must be the period on any approval or invitation of deposits from persons other than its directors, members or relatives.
It is costly as there are a lot of formalities for commencing. The shareholders do not take part in day to day management of the 
business. It is widely dealing with public’s money so it has to make heavy compliances strictly.
 It has to do annual compliances to be made by public limited company with ROC/MCA, SEBI, and RBI etc. Other finance 
opportunities are possible. Banks and other financial institutions are willing to extend finance to a public company to the one that is 
listed.
The prestige and confidence are increased. If it is listed on the stock exchange it can attract the media attention. 
Few disadvantages are: At worst company can become vulnerable, to a hostile takeover. Also there is added pressure imposed on the 
market. The company’s share price represents value of the company as viewed by the market. The brand value increases. It gives 
feeling of trust, confidence to customers, vendors, employees and stakeholders. So it is important to register the public limited 
company.
We Corpstore offer Public Limited Company 
Registration in Coimbatore in a timely 
manner. We sort out all your issues with 
expert support. Hurry Up!
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