How Is A Public Limited Company (PLC) Registered And Incorporated?

Steps to Register a Public Limited Company (PLC)

1. Name Reservation: Select an exclusive name for your PLC that aligns with naming regulations, ensuring it represents your business and avoids any resemblance to existing companies.

2. Memorandum of Association (MOA) and Articles of Association (AOA): Draft the MOA and AOA, outlining your company's objectives, rules, and shareholder and director responsibilities.

3. Digital Signature Certificate (DSC): Secure DSCs for your proposed directors and authorized signatories, essential for online document submissions.

4. Director Identification Number (DIN): Ensure proposed directors have obtained a DIN, a unique identification number for directors.

5. Share Capital Subscription: Define the share capital and the number of shares to be issued, with shareholders subscribing through the subscription memorandum and fulfilling the capital requirement.

6. Registering with the Registrar of Companies (ROC): File incorporation documents, including MOA, AOA, and other forms, with the ROC electronically through their online portal.

7. Payment of Registration Fees: Pay registration fees and stamp duty based on authorized share capital.

8. Verification and Approval: The ROC will assess document compliance, and upon approval, they will issue a Certificate of Incorporation.

9. PAN and TAN Applications: Apply for a Permanent Account Number (PAN) and a Tax Deduction and Collection Account Number (TAN)  for tax compliance.

10. Registered Office: Maintain a registered office address for official communications.

11. Corporate Seal and Stationery: Obtain a corporate seal and prepare company stationery with the name and registration number.

12. Compliance with Ongoing Obligations: After registration, comply with ongoing obligations like financial reporting, annual meetings, and statutory filings.