Indian Corporate Law & Corporate Governance Consultants
Law Group

Formation of Public Limited Company in India

Registering Public Company Formation in India or Setting up a Public Company in India.

Formation of Public Limited Company in India


Section 3(1)(iv) of the Companies Act, 1956 in India defines public company as:
  • A Company which is not a private company
  • Has a minimum paid-up capital of Rs. 5 lakhs or such higher capital as may be prescribed
  • Is a private company but subsidiary of a public company
  • In addition Certain Private Company will be deemed as Public Company provided they comply the condition of Sec 43 A of the Company Act


Detailed Summary of the procedural aspect of forming a Public Limited Company:
  • Selection of type of the company.
  • Selection of name for the proposed company.
  • Apply for Directors Identification Number and Digital Signatures.
  • Drafting of Memorandum and Articles of Association.
  • Stamping, digitally signing and e-filing of various documents with the Registrar.
  • Obtaining Certificate of Incorporation.
  • Preparation and filing of Prospectus/Statement in lieu of Prospectus and e-Form 19/20 (in case of public companies) for obtaining the certificate of commencement of business.
  • Obtaining Certificate of Commencement of business (in case of public limited companies).