Public Limited Company Registration

What is a Public Limited Company ?
A Public Limited Company (PLC) is a business structure where shares are freely transferable, allowing the company to raise funds from the public. It is ideal for large-scale businesses requiring external investments and credibility.

Benefits of Public Limited Company Registration in India

Following are the benefits of Public Limited Company Registration in India:

• Limited Liability Protection: Private Limited Company Registration provides shareholders with limited liability, safeguarding their personal assets in case of company debts or liabilities.
• Capital Generation: PLCs can raise capital by issuing shares to the public, allowing them to gather funds for business expansion and investment opportunities.
• Credibility and Market Reputation: PLC status enhances the company’s reputation, instills investor confidence, and improves brand perception, leading to potential business growth and partnerships.
• Share Transferability: PLCs offer flexibility in buying and selling shares, making it easier to transfer ownership, attract investors, and facilitate liquidity in the stock market.
• Tax Advantages: PLCs often enjoy certain tax benefits and incentives, providing opportunities for long-term business planning and optimizing tax obligations.
• Access to Borrowing: PLCs have increased credibility, enabling them to secure loans and credit facilities from financial institutions for business expansion and development.
• Employee Incentives: PLCs can offer employees stock options and share ownership plans, fostering employee loyalty, and motivation, and aligning their interests with the company’s success.
• Prestige and Market Positioning: PLC status adds prestige, signalling a higher level of compliance, transparency, and corporate governance, attracting business partners and customers.
• Growth Potential: PLCs have the potential for rapid growth and expansion, attracting skilled professionals, accessing better resources, and engaging in strategic partnerships or mergers and acquisitions.

Biz Fin Tax offers end-to-end services for Public Limited Company registration in India. A Public Limited Company allows businesses to raise funds from the public by issuing shares, making it an ideal structure for large-scale operations and investments. With extensive experience and a team of professionals, Biz Fin Tax ensures seamless compliance with the Companies Act, 2013, and simplifies the registration process. From preparing the required documents to obtaining necessary approvals, we handle every step efficiently, ensuring quick and hassle-free registration. Partner with us to start your Public Limited Company today with confidence and legal assurance.

Annual Compliance Requirements

Requirement	Form	Due Date	Additional Details
Disclosure of Interest to be received from Directors	Form MBP-1	On or before the date of first Board Meeting of the FY	To be placed before the Board at the first BM of every FY
Notice of Disqualification of Director	Form DIR-8	On or before the date of first Board Meeting of the FY	To be placed before the Board at the first BM of every FY
KYC of Directors	e-Form DIR-3 KYC	30th September of immediate next financial year	-
Statutory Audit of Financial Statements	-	Before date of board meeting approving the Financial Statement	-
Holding of Annual General Meeting (AGM)	-	1st AGM - Within 9 months from closure of FY Subsequent AGM - within 6 months from closure of FY	-
Filing of Financial Statements	e-Form AOC-4	Within 30 days from the date of Annual General Meeting	-
Filing of Annual Return	e-Form MGT-7	Within 60 days from the date of Annual General Meeting	-
Return of Deposits or particulars of transactions not considered as deposits	e-Form DPT-3	On or Before 30th June every year	-
Return for MSME Transactions	e-Form MSME-1	31st October – For April to September 30th April – For October to March	-
Return for Significant Beneficial Owner (SBO)	e-Form BEN-2	Within 30 days of receipt of declaration in Form BEN-1 from the SBO	-

Others

• Appointment of Statutory Auditors
  • Form: e-Form ADT-1
  • Due Date: Subsequent Statutory Auditors to be appointed at the First AGM to hold office for five years
  • Details: Filing of Form ADT-1 within 15 days from the conclusion of AGM
• Maintenance of Minutes Book
  • Minutes shall include all matters as provided in SS-1 and SS-2
  • Due Date: On a regular basis
  • Details: Company shall maintain separate Minutes Book for each Board and General Meeting
• Maintenance of Statutory Registers
  • Register of Members (Form MGT-1) - On a regular basis
  • Register of Directors and KMPs and their shareholding - On a regular basis

B. Compliances under FEMA Regulations

S. No.	Compliance	Form	Due-date	Remarks
Immediately after Incorporation
1	Reporting of issuance of shares to a Subscriber who is a Person Resident Outside India	FC-GPR	Within 30 days of allotment of shares	To be filed on RBI SMF Portal
Annually
2	Annual Return on Foreign Liabilities and Assets	-	On or before 15th July of each year	To be filed on RBI FLAIR Portal