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Public Limited Company Registration Online in India
Get Expert Assistance for Public Limited Company Registration via SPICe+ v3 in 10 to 15 Working Days Professional Fee from ₹9,999
₹9,999 is IncorpX professional fee for registration assistance. Government fees charged separately at actuals. 100% Online MCA V3 Filing.
Certificate of Incorporation (INC-11) with CIN
Company PAN and TAN
MOA (INC-33) and AOA (INC-34) Drafting
DIN for up to 3 Directors via SPICe+
Class 3 DSC for All Directors
GSTIN + EPFO + ESIC via AGILE-PRO-S
Expert Professional Certification
30-Day Post-Incorporation Support
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Ready to Start Your Public Limited Company Registration?
Start your Public Ltd incorporation with expert professional assistance. Complete SPICe+ v3 filing from ₹9,999. Typically completed in 10 to 15 working days with MCA V3 filing accuracy.
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Public Limited Company Registration Process
End-to-end professional assistance with Public Limited Company incorporation via SPICe+ v3 on the MCA V3 portal.
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MOST POPULAR
Public Limited Company Registration Package 2026
From ₹9,999 IncorpX professional fee for assistance
Timeline depends on the application type and authority review
Application support Professional assistance
Certificate of Incorporation (INC-11) with CIN
Digital Signature Certificate (DSC) for 3 Directors
EPFO + ESIC + Professional Tax Registration
GST Registration via AGILE-PRO-S
Director Identification Number (DIN) for 3 Directors
MOA (INC-33) and AOA (INC-34) Drafting
Company PAN and TAN
Bank Account Opening Assistance
SPICe+ v3 Filing and Complete Documentation
30-Day Post-Incorporation Support
*Listed amounts are IncorpX professional charges for end-to-end assistance. Government / statutory fees are charged separately at actuals.
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Transparent scope
Secure payment
Application support
AI-Powered Platform
Meet IncorpX Nova
Our proprietary AI engine supports each stage of business setup, from name suggestion checks to document drafting and compliance tracking.
AI-Powered Business Name Approval Check
Auto-Generated MoA & AoA Drafts
Real-Time Compliance Monitoring
Faster Processing With AI Automation
24/7 AI Chatbot + Human Expert Support
NOVA AI
Premium Plan
IncorpX Prime
A comprehensive package for startups and expanding enterprises seeking a compliant incorporation process.
Key Benefits
Personalised support from dedicated incorporation specialists.
Application prepared and filed within 2 days.
24/7 customer assistance.
Important Notes
We strive to help secure approval for your preferred business name whenever feasible.
Alternative name suggestions are provided if the preferred name is not approved.
Package includes first-year compliance services: auditor appointment, annual filings, and related obligations.
Key Takeaways: A Public Limited Company requires minimum 7 shareholders and 3 directors (1 Indian resident). Registration via SPICe+ v3 takes 10 to 15 working days. Total cost: ₹15,000 to ₹35,000 (varies by state and authorised capital). IncorpX professional fee: ₹9,999. You receive Certificate of Incorporation with CIN, PAN, TAN, DIN, GSTIN, EPFO, and ESIC. File INC-20A within 180 days.
A Public Limited Company is defined under Section 2(71) of the Companies Act, 2013 as a company which is not a private company. It requires a minimum of 7 shareholders and 3 directors, permits free transfer of shares under Section 44, and must end its name with "Limited". A subsidiary of a public company is also deemed public under the same provision.
Public companies carry no upper limit on shareholders, unlike private companies capped at 200 members under Section 2(68). The ability to raise capital from the general public through a prospectus under Section 26, and the option to list on NSE or BSE via an IPO under SEBI ICDR Regulations 2018, are the two defining features that separate this structure from all others. Listing is not mandatory. A public limited company can operate as an unlisted entity indefinitely, subject to Companies Act compliance and Rule 9A demat requirements since October 2018. Compliance obligations are higher than a Private Limited Company, but access to public capital markets and free share transferability compensate for the governance load. Read the detailed Pvt Ltd vs Public Ltd guide for a full comparison.
A Public Limited Company structure gives promoters direct access to public capital markets, free share transferability, and structured board governance. Here are 8 specific benefits backed by statute and regulatory data.
Access to Public Capital and IPO Eligibility
Only a public company can invite the public to subscribe to its shares via a prospectus under Section 26 and conduct an IPO under SEBI ICDR Regulations 2018. This is the primary route for raising ₹10 crore to ₹10,000+ crore from public markets.
Limited Liability Protection
Shareholders lose only their invested capital. Personal assets remain protected under Section 2(22)(a) of the Companies Act, 2013. Liability is limited to the face value of shares held.
Free Transferability of Shares
Shares of a public company are freely transferable under Section 44, unlike private companies where the AOA restricts transfer. This enables easier exits, secondary sales, and share transfer without board approval.
Perpetual Succession
The company continues beyond founder exit, death, or insolvency. Ownership changes through share transfer without disrupting operations, contracts, or company identity.
No Cap on Shareholders
Unlike private companies capped at 200 members, a public company has no upper limit on shareholders. This enables widespread ownership, institutional investment, and issue of shares to large investor pools.
Higher Credibility and Trust
Public companies carry stronger governance, regulatory oversight, and disclosure requirements. Banks, institutional investors, and government agencies prefer public companies for large contracts and credit facilities above ₹1 crore.
Structured Board Governance
Mandatory Audit Committee (Section 177), Nomination and Remuneration Committee (Section 178), and independent directors ensure professional governance from incorporation. This structure attracts institutional capital.
Deposit Raising Capability
Eligible public companies (net worth of ₹100 crore or more, or turnover of ₹500 crore or more) can accept deposits from the public under Sections 73 to 76 with proper compliance framework, including DPT-1 circular and credit rating.
Practitioner Insight: Based on our team's experience assisting with 10,000+ company incorporations since 2020 (with a 97.2% first-attempt approval rate on SPICe+ filings), public limited company filings require extra attention to the MOA clause structure. The Memorandum of Association (MOA) defines a company's name, registered office state, objects, liability, and authorised capital. For a public company, the MOA must explicitly include the public company clause removing restrictions on share transfer, membership cap, and public invitation. Omitting this clause triggers rejection and adds 5 to 7 working days to the timeline.
Who Can Register a Public Limited Company?
Indian residents, NRIs, foreign nationals, and corporate bodies can all register a Public Limited Company. Section 3 of the Companies Act, 2013 sets the following eligibility thresholds. Foreign corporates planning an Indian Subsidiary Registration as a public company must also comply with FDI norms.
Requirement
Detail
Governing Section
Minimum Shareholders
7 (individuals or body corporate)
Section 3(1)(a)
Maximum Shareholders
Unlimited
Section 3(1)(a)
Minimum Directors
3
Section 149(1)(b)
Maximum Directors
15 (more by special resolution)
Section 149(1) proviso
Resident Director
At least 1 must stay 182+ days in India in previous FY
Section 149(3)
Woman Director
Required for listed + specified unlisted (paid-up capital of ₹100 crore or more, or turnover of ₹300 crore or more)
Section 149(1) second proviso
Independent Directors
At least 1/3 for listed; threshold-based for unlisted
Section 149(4)
Minimum Paid-up Capital
Nil (removed by Amendment Act 2015)
2015 Amendment
Name Suffix
Must end with "Limited"
Section 4(1)(a)
Disqualification Check
No director disqualified under Section 164
Section 164
Warning: Any director disqualified under Section 164 (for example, 3 consecutive years of non-filing of annual returns) cannot serve as a director in any company for 5 years from the date of disqualification. Verify DIN status on MCA before proposing directors.
Documents Required for Public Limited Company Registration
Prepare these documents before starting SPICe+ filing on the MCA V3 portal. A Digital Signature Certificate (DSC) is a cryptographic key pair issued by a licensed Certifying Authority under the Information Technology Act, 2000 that authenticates director identity for electronic filing. Class 3 DSC is mandatory for each of the 3 directors. All uploads must be colour PDF scans at 300 DPI, under 2MB per file.
For Indian Directors and Subscribers (all 7 subscribers + 3 directors):
PAN Card (self-attested colour scan; mandatory for all Indian directors and subscribers)
Aadhaar Card or Voter ID or Passport (identity proof for OTP verification via MCA V3)
Latest Utility Bill or Bank Statement (not older than 2 months; name must match PAN exactly)
Passport-Size Photograph (recent colour photo for each director and subscriber)
Email and Mobile Number (OTP-verified via MCA V3 portal)
For NRI or Foreign Directors:
Passport (apostilled or notarised per Hague Convention)
Foreign Address Proof (bank statement or utility bill, apostilled)
Class 3 DSC (obtained through Indian Certifying Authorities with video KYC)
For Registered Office:
Latest Electricity or Water Bill (not older than 2 months)
Rent Agreement (if rented property)
NOC from Owner (No Objection Certificate permitting use as registered office)
Pro Tip: Avoid Rejection on First Filing
All 7 subscribers must sign the MOA. If any subscriber is a body corporate (not an individual), a physical MOA (INC-33) is required instead of e-MOA. Ensure the PAN name matches across all documents exactly, as any mismatch triggers RoC resubmission and adds 5+ working days to your timeline.
Public Limited Company Registration Cost in 2026
Every cost component is listed below, split between government fees (paid to MCA and state authorities) and professional fees (paid to IncorpX). Most competitors do not display pricing and operate on a quote-only basis. IncorpX leads with transparent pricing at ₹9,999 professional fee.
Component
Amount (₹)
Notes
SPICe+ Part A Name Reservation
1,000
Government fee per attempt
SPICe+ Part B + INC-9 + AGILE-PRO-S Filing Fee
300 to 36,000
Slab-based on Authorised Capital
MOA Stamp Duty
60 to 1,000
State-dependent (see stamp duty table)
AOA Stamp Duty (AuthCap ₹10 lakh)
300 to 15,000
State-dependent
DSC (Class 3) for 3 Directors
4,500 to 7,500
₹1,500 to ₹2,500 per DSC, 2-year validity
DIN for First 3 Directors
0
Included in SPICe+, no extra fee
PAN + TAN
131
Combined, via SPICe+
GSTIN + EPFO + ESIC
0
Free via AGILE-PRO-S
Government Sub-total
₹5,000 to ₹25,000
Capital + state dependent
IncorpX Professional Fee
9,999
End-to-end filing + 30-day support
Total (IncorpX)
₹15,000 to ₹35,000
Depends on state and authorised capital
State-Wise Stamp Duty for Public Limited Company
Stamp duty on MOA and AOA is levied per the state Stamp Act and paid electronically via SPICe+ alongside MCA filing fees. Rates vary significantly by state and authorised capital, unlike government filing fees which are standard pan-India.
State
MOA Stamp Duty (₹)
AOA Stamp Duty (₹)
Notes
Tamil Nadu
200
300
Lowest overall
West Bengal
60
300 + cess
Among cheapest
Delhi
200
0.15% of AuthCap (min ₹200)
~₹1,500 for ₹10 lakh
Telangana
500
0.15% of AuthCap (min ₹1,000)
~₹1,500 for ₹10 lakh
Uttar Pradesh
500
0.15% of AuthCap (min ₹500)
~₹1,500 for ₹10 lakh
Maharashtra
200
₹1,000 per ₹5 lakh of AuthCap
~₹2,000 for ₹10 lakh
Gujarat
100
0.5% of AuthCap (min ₹1,000)
~₹5,000 for ₹10 lakh
Rajasthan
500
0.5% of AuthCap
~₹5,000 for ₹10 lakh
Kerala
1,000
0.5% of AuthCap
~₹5,000 for ₹10 lakh
Karnataka
1,000
₹500 + 0.5% of AuthCap
~₹6,000 for ₹10 lakh
Rates are indicative for 2026-2027. Verify current rates at filing on the respective state stamp authority portal.
Free state-specific cost estimate. ₹9,999 flat professional fee. Government fees at actuals.
IncorpX Guarantee: We provide a detailed state-specific cost quote before payment. All government fees are billed at actuals with no markup. IncorpX is a registered company (Google Verified Business, 4.9/5 rating from 8,521+ reviews) with a network of 250+ Certified Professionals and Advocates across India. Our ₹9,999 professional fee covers MOA/AOA drafting, Expert certification, and all SPICe+ form filings. Reach us by phone, WhatsApp, or email for a free consultation.
How to Register a Public Limited Company Online (Step-by-Step SPICe+ Process)
The complete SPICe+ v3 process takes 10 to 15 working days and a minimum of ₹15,000 total cost for an Authorised Capital of ₹10 lakh. All 5 steps below are filed through the MCA V3 portal.
Step 1: Obtain Digital Signature Certificates (DSC)
Procure Class 3 DSCs for all 3 or more proposed directors and for at least one subscriber. DSCs are mandatory for digitally signing every SPICe+ and AGILE-PRO-S form on MCA V3. Apply through approved Certifying Authorities like eMudhra, Capricorn, or Sify. Video KYC and PAN are required for each applicant.
Portal: eMudhra/Capricorn | Time: 1 to 2 working days | Cost: ₹1,500 to ₹2,500 per DSC
Step 2: Reserve the Company Name via SPICe+ Part A
Log in to MCA V3, open SPICe+ Part A, and propose up to 2 name choices. The proposed name must end with the word "Limited" (Section 4(1)(a)) and comply with Rule 8 of Companies (Incorporation) Rules, 2014. The Central Registration Centre (CRC) reviews each name and returns approval or resubmission in 1 to 2 working days.
Portal: mca.gov.in | Form: SPICe+ Part A | Time: 1 to 2 working days | Fee: ₹1,000
Step 3: File SPICe+ Part B with MOA, AOA, AGILE-PRO-S and INC-9
Submit SPICe+ Part B with e-MOA (Form INC-33) carrying the mandatory public company clause, e-AOA (Form INC-34), AGILE-PRO-S for EPFO, ESIC, GST, bank account, and profession tax registration, and INC-9 declaration by all 7 subscribers and 3 directors. A qualified professional must certify the filing under Rule 38 of Companies (Incorporation) Rules, 2014. IncorpX provides this certification as part of the ₹9,999 package.
Portal: mca.gov.in | Forms: SPICe+ Part B, INC-33, INC-34, AGILE-PRO-S, INC-9 | Time: 4 to 7 working days
Step 4: Receive Certificate of Incorporation (INC-11) with CIN, PAN and TAN
The Registrar of Companies verifies the filing and issues the Certificate of Incorporation in Form INC-11 under Section 7(2). PAN and TAN are allotted on the same certificate. The certificate with the 21-digit CIN is emailed to all subscribers and the certifying professional.
Form: INC-11 | Time: Included in Step 3 processing
Step 5: File INC-20A for Commencement of Business
Within 180 days of incorporation, file Form INC-20A under Section 10A declaring that every subscriber has paid the share application money and the registered office is verified. This is mandatory for all companies incorporated after November 2018. File through ROC Annual Filing (AOC-4, MGT-7) service for ongoing compliance.
Form: INC-20A | Deadline: Within 180 days | Penalty: ₹50,000 on company + ₹1,000/day per director (capped at ₹1 lakh)
Common Mistake: The MOA for a public company must explicitly include the "public company clause" removing restrictions on share transfer, membership cap, and public invitation. Omitting this clause triggers rejection. Also ensure your proposed name ends with "Limited" (not "Private Limited"). These two errors account for 45% of first-filing rejections in public company SPICe+ filings.
250+ Certified Professionals. MCA V3 filing accuracy. 10 to 15 day turnaround.
Listed vs Unlisted Public Limited Company
A listed public company has its shares traded on a recognised stock exchange (NSE or BSE) and is regulated by SEBI under LODR 2015. An unlisted public company retains its public company status without exchange listing, subject to Companies Act 2013 and Rule 9A demat requirements.
Most businesses start as unlisted public companies and move to listing only when IPO-ready. The unlisted route gives you the "Limited" suffix, free share transferability, and public company credibility without the quarterly disclosure burden of SEBI LODR compliance.
Tax Regime for Public Limited Companies (FY 2025-26)
Public limited companies access the same corporate tax regimes as private companies. The choice of regime is irrevocable once opted, so consult your Expert before filing ITR-6 on the Income Tax e-Filing portal. Use our corporate tax calculator to estimate your liability.
Regime
Rate
Effective Rate
Applies To
MAT
Section 115BAA (opt-in)
22%
25.168%
Any domestic company forgoing exemptions
Not applicable
Section 115BAB
15%
17.16%
New manufacturing company
Not applicable
Concessional 25%
25%
Varies by surcharge slab
Turnover up to ₹400 crore in PY
15% of book profits
Default
30%
Varies by surcharge slab
Any other domestic company
15% of book profits
Dividend Taxation: DDT was abolished by the Finance Act 2020. Dividend is now taxed in the shareholder's hands at slab rates. The company must deduct TDS under Section 194 at 10% on annual dividend above ₹5,000 paid to a resident shareholder.
Tax Planning Tip: Most public companies opt for Section 115BAA (22%, effective 25.168%) as it provides certainty and avoids MAT computation entirely. Companies with heavy capital expenditure or accumulated losses may benefit from the 25% or 30% regime to claim depreciation and carry-forward losses.
Post-Incorporation Compliance for a Public Limited Company
After incorporation, a public company faces heavier compliance obligations than a private company. Missing INC-20A alone can trigger automatic strike-off. Work with IncorpX for ongoing compliance management through our ROC Annual Filing service.
Audit Committee + NRC (Section 177/178): Paid-up capital of ₹10 crore or more, or turnover of ₹100 crore or more, or borrowings exceeding ₹50 crore
Compliance Audit, MR-3 (Section 204): Paid-up capital of ₹50 crore or more, or turnover of ₹250 crore or more
Internal Audit (Section 138): Paid-up capital of ₹50 crore or more, or turnover of ₹200 crore or more, or borrowings exceeding ₹100 crore, or deposits exceeding ₹25 crore
CSR (Section 135): Net worth of ₹500 crore or more, or turnover of ₹1,000 crore or more, or net profit of ₹5 crore or more
Demat of Shares (Rule 9A): Every unlisted public company must issue securities in dematerialised form since October 2018
Deadline Warning: Missing the INC-20A 180-day deadline can lead to strike-off by the RoC under Section 248. Missing AOC-4 or MGT-7 deadlines triggers automatic penalties and DIN deactivation for directors. A Charge Creation (CHG-1) filing is also mandatory within 30 days of creating any charge on company assets.
Annual compliance packages for public limited companies. Expert team.
Public Ltd vs Private Ltd vs OPC vs LLP
Choose Public Ltd if you plan to list on a stock exchange or raise capital from the public. Choose Private Ltd for funded startups and SMEs. OPC suits solo founders, and LLP works best for professional services firms.
Our Expert Team will recommend the right structure based on your business goals.
How to Convert Private Ltd to Public Ltd (and Vice Versa)
Private to Public (Section 14):
Pass a Special Resolution by existing shareholders
File MGT-14 (resolution) within 30 days with RoC
Amend the MOA and AOA to remove private company restrictions
Add at least 5 more members to reach 7 minimum shareholders
Add 1 more director to reach 3 minimum directors
File INC-27 with RoC for approval of the altered constitution
RoC issues fresh Certificate of Incorporation with "Limited" suffix
Public to Private (Section 14 + Regional Director Route):
Since the MCA notification dated 18 December 2018, the power shifted from NCLT to the Regional Director. File an RD application under Rule 41 of Companies (Incorporation) Rules 2014 with altered MOA and AOA, creditor consent, and Form INC-27. The RD disposes of the application within 30 days of hearing.
Advantages and Disadvantages of a Public Limited Company
Advantages:
Public Capital Access: Raise ₹10 crore to ₹10,000+ crore via IPO under SEBI ICDR 2018. No other entity type allows this.
Free Share Transferability: Shares transfer freely under Section 44. Enables easy exits, secondary sales, and institutional ownership.
Unlimited Shareholders: No 200-member cap like Private Ltd. Enables widespread ownership and large investor pools.
Higher Credibility: Preferred by banks, institutional investors, and government agencies for contracts and credit facilities.
Limited Liability: Shareholders risk only their invested capital. Personal assets remain fully protected.
Perpetual Succession: Company survives beyond founders. Ownership changes through share transfer without operational disruption.
Disadvantages:
Very High Compliance Cost: Annual compliance runs ₹25,000 to ₹1,00,000+ for unlisted; significantly higher for listed companies with quarterly reporting.
Mandatory 3 Directors + 7 Shareholders: Compared to 2+2 for Private Ltd, this increases governance complexity and cost from day one.
Public Disclosure of Financials: Financial statements are accessible on MCA records. No privacy of financial data, unlike private companies.
Committee Mandates: Audit Committee (Section 177) and NRC (Section 178) are triggered at lower thresholds than private companies, adding board governance costs.
Public Limited Company Registration in Major Indian Cities
Registration follows the same national SPICe+ v3 process regardless of city. The Central Registration Centre (CRC) in Manesar processes all filings, with the jurisdictional RoC determined by your registered office address. Select your city below for state-specific stamp duty and RoC details.
Auto and IT hub. Growing startup ecosystem with IPO ambitions.
Why Choose IncorpX for Public Limited Company Registration
IncorpX combines a pan-India network of 250+ certified professionals with MCA V3 filing expertise to deliver public limited company registration assistance at a flat ₹9,999 professional fee. Since 2020, we have assisted with 10,000+ company registrations across 28 states with a 97.2% first-attempt approval rate. Here is what sets us apart.
10,000+ Companies Assisted
Since 2020 across all entity types and 28 states. 97.2% first-attempt approval rate on SPICe+ filings.
Current SPICe+ v3 workflow. No outdated INC-32 processes.
SEBI Pre-IPO Advisory
Post-incorporation roadmap for listing readiness with Virtual CFO support.
Rule 9A Demat Guidance
Demat compliance covered from day one for unlisted public companies.
Transparent ₹9,999 Pricing
Flat professional fee with upfront state-specific quotes. No hidden charges.
30-Day Post-Incorporation Support
Handholding for INC-20A, auditor appointment, and bank account setup.
4.9/5 Google Rating
8,521+ verified reviews from business owners across India.
A healthcare promoter group from Chennai approached IncorpX to incorporate a Public Limited Company for an eventual NSE listing. Our team completed SPICe+ filing with 14 objects clauses and AGILE-PRO-S in 12 working days at a total cost of ₹18,500 (Tamil Nadu's low stamp duty helped). The company filed INC-20A on day 45, appointed statutory auditors via ADT-1, and is now in SEBI pre-IPO advisory with our Virtual CFO team.
AOC-4, MGT-7, DIR-3 KYC, ADT-1, and DPT-3 filings for ongoing public company compliance.
Frequently Asked Questions About Public Limited Company Registration
Below are 35 questions sourced from real search queries, MCA guidelines, and our experience assisting with 10,000+ company registrations. Each answer includes specific data points, relevant Act sections, and ₹ amounts to help you make informed decisions about your Public Limited Company registration.
A Public Limited Company is defined under Section 2(71) of the Companies Act 2013 as a company which is not a private company and can invite the public to subscribe to its shares or debentures. A subsidiary of a public company is also deemed to be a public company under the same section.
Section 3(1)(a) mandates a minimum of 7 shareholders and Section 149(1)(b) mandates a minimum of 3 directors. At least one director must have stayed in India for 182 days or more in the previous financial year as per Section 149(3). There is no upper cap on shareholders.
No. The Companies (Amendment) Act 2015 removed the ₹5 lakh minimum paid-up capital requirement for public companies. You can incorporate with any paid-up capital, although a practical floor of ₹5 lakh is common for banker comfort and IPO readiness planning.
No. Listing on NSE or BSE is optional and triggered only when the company conducts an IPO under SEBI ICDR Regulations 2018. A public limited company can operate as an unlisted public company indefinitely while still retaining the ability to invite public subscription for its securities.
A listed public company has shares traded on NSE or BSE and is bound by SEBI LODR 2015, PIT 2015, and BRSR disclosures. An unlisted public company is not traded publicly, skips quarterly results, but must still comply with Companies Act 2013 and Rule 9A demat requirements.
Yes. Section 149(3) of the Companies Act 2013 mandates at least one director who has stayed in India for a total of 182 days or more in the previous financial year. This rule was amended by the Companies Amendment Act 2017, which changed the reference from calendar year to financial year.
Yes. NRIs and foreign nationals can be shareholders and directors under FDI rules. However, at least one director must be a resident of India (182 days in the previous FY) as per Section 149(3). NRI directors must submit apostilled passport and overseas address proof for DSC and DIN.
CSR under Section 135 applies if, in the immediately preceding FY, the company had net worth of ₹500 crore or more, turnover of ₹1,000 crore or more, or net profit of ₹5 crore or more. The company must spend 2% of the average net profit of the preceding 3 financial years on qualifying CSR activities.
Yes. Rule 9A of the Companies (Prospectus and Allotment of Securities) Rules 2014 mandates that every unlisted public company issue securities only in dematerialised form and facilitate demat of existing securities. This rule has been in force since 2 October 2018.
Sections 73 to 76 read with the Companies (Acceptance of Deposits) Rules 2014 permit only an eligible company (net worth of ₹100 crore or more, or turnover of ₹500 crore or more) to invite deposits from the public. Requirements include DPT-1 circular, credit rating, trustee appointment, Deposit Repayment Reserve, and annual DPT-3 filing.
A woman director is mandatory for every listed public company and for specified unlisted public companies with paid-up capital of ₹100 crore or more, or turnover of ₹300 crore or more, as per Section 149(1) second proviso read with Rule 3 of the Companies (Appointment and Qualification of Directors) Rules 2014.
BRSR (Business Responsibility and Sustainability Report) is an ESG disclosure mandated by SEBI for the top 1,000 listed companies by market capitalisation. BRSR Core (an assured subset) is phased in by market-cap bucket through FY 2026-27. Unlisted public companies are not covered by BRSR requirements.
PAN, Aadhaar or passport or voter ID, and latest utility bill for all 7 subscribers and 3 directors. For the registered office: latest electricity bill (within 2 months), rent agreement if rented, and NOC from the owner. NRI directors must submit apostilled passport and overseas address proof.
Step 1: obtain Class 3 DSCs. Step 2: file SPICe+ Part A for name reservation. Step 3: file SPICe+ Part B with e-MOA, e-AOA, AGILE-PRO-S and INC-9. Step 4: receive INC-11 Certificate of Incorporation with CIN, PAN and TAN. Step 5: file INC-20A within 180 days for commencement.
SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) is the integrated MCA V3 form. Part A reserves the name. Part B covers incorporation, DIN allotment, PAN, TAN, plus AGILE-PRO-S for EPFO, ESIC, GST, bank account and profession tax, and INC-9 subscriber declaration.
The end-to-end process takes 10 to 15 working days, provided all documents are in order. DSC takes 1 to 2 days, name reservation 2 to 3 days, SPICe+ Part B processing 4 to 7 days, and buffer days for any RoC resubmission. Complex objects clauses can add 3 to 5 days.
A public company must hold minimum 4 board meetings (Section 173), an AGM (Section 96), and file AOC-4 within 30 days of AGM, MGT-7 within 60 days, ADT-1 within 15 days of auditor appointment, DPT-3 by 30 June, DIR-3 KYC by 30 September, and MGT-14 for board and special resolutions.
An Audit Committee (Section 177) and NRC (Section 178) are mandatory for every listed public company and every public company with paid-up capital of ₹10 crore or more, turnover of ₹100 crore or more, or aggregate outstanding loans, borrowings, debentures, or deposits exceeding ₹50 crore.
Under Section 137(3), the penalty for AOC-4 default is ₹10,000 plus ₹100 per day, capped at ₹2 lakh on the company and ₹50,000 on the officer. Section 92(5) imposes a similar ₹10,000 plus ₹100 per day penalty (capped at ₹2 lakh) for MGT-7 default, recoverable from the company and every officer in default.
Total cost ranges from ₹15,000 to ₹35,000 (professional fee plus government fees), depending on state stamp duty and authorised capital. This covers MCA filing fee (₹1,500 to ₹10,000), state stamp duty on MOA and AOA (₹500 to ₹25,000+), DSCs for 3 directors (₹4,500 to ₹7,500), PAN and TAN (₹131), and IncorpX professional fee of ₹9,999. Government fees are charged separately at actuals.
Government filing fees range from ₹1,500 to ₹10,000 depending on authorised capital. State stamp duty on MOA and AOA ranges from ₹500 to ₹25,000+ (Maharashtra and Karnataka are higher, Tamil Nadu and West Bengal are lower). Name reservation via SPICe+ Part A costs ₹1,000 per attempt.
Domestic public companies pay 22% under Section 115BAA (25.168% effective with surcharge and cess, no exemptions), 25% if turnover in the previous year was ₹400 crore or less, or 30% by default. MAT under Section 115JB is 15% of book profits and does not apply if 115BAA is opted.
Yes. Minimum Alternate Tax under Section 115JB at 15% of book profits plus surcharge and cess continues to apply. However, MAT is not applicable to companies that opt for the concessional regime under Section 115BAA or Section 115BAB. Companies on the 25% or 30% regime must compute MAT every year.
Dividend Distribution Tax was abolished by the Finance Act 2020 with effect from 1 April 2020. Dividend is now taxed in the shareholder's hands at applicable slab rates. The company must deduct TDS under Section 194 at 10% on annual dividend above ₹5,000 paid to a resident shareholder.
Annual costs range ₹25,000 to ₹1,00,000+ depending on listed or unlisted status and audit requirements. Key costs include statutory audit, ROC filings (AOC-4, MGT-7, DPT-3, DIR-3 KYC, ADT-1), compliance audit (if threshold applies), and board meeting expenses. IncorpX offers annual compliance packages.
Listed companies must comply with SEBI LODR 2015 (quarterly results, corporate governance report, stakeholders committee), SEBI PIT 2015 (insider trading code, trading window, UPSI handling), and file BRSR disclosures if in the top 1,000 listed by market capitalisation. Non-compliance triggers SEBI penalties.
Yes. IncorpX's ₹9,999 professional fee covers end-to-end filing: DSC, DIN, name reservation, MOA and AOA drafting, SPICe+ Part B, AGILE-PRO-S, INC-9, PAN and TAN, plus 30-day post-incorporation handholding. Government fees and stamp duty are billed at actuals with a state-specific quote provided upfront.
A public company needs 7 shareholders and 3 directors, permits free share transfer under Section 44, and can raise capital from the public. A private company needs 2 members, 2 directors, caps membership at 200, and restricts share transfer via its Articles of Association. Compliance load for public companies is significantly higher.
Choose Public Ltd if you plan to list on a stock exchange, raise capital from the general public, or operate in sectors like banking and insurance where public company status is mandatory. For 99% of startups and SMEs, Private Ltd is sufficient until IPO readiness; you can convert later under Section 14.
Yes. There is no restriction on scale or product diversity. However, the compliance cost (₹25,000 to ₹1,00,000+ annually), mandatory 3 directors, 7 shareholders, and higher governance requirements make it cost-intensive for early-stage startups. A Private Limited Company with 2 directors and 2 shareholders is more practical until you plan an IPO.
Pass a Special Resolution under Section 14, file MGT-14 within 30 days, amend the MOA and AOA to delete private company restrictions, add at least 5 more members to reach 7 and 1 more director to reach 3, and file INC-27 with the RoC for approval of the altered constitution.
Yes. Since the MCA notification dated 18 December 2018, the power shifted from NCLT to the Regional Director. File an RD application under Rule 41 of Companies (Incorporation) Rules 2014 with altered MOA and AOA, creditor consent, and INC-27. The RD disposes of the application within 30 days of hearing.
GST registration is obtained automatically via AGILE-PRO-S during SPICe+ filing. If aggregate turnover exceeds ₹40 lakh (₹20 lakh for services or ₹10 lakh in special category states), active GST compliance under the CGST Act 2017 becomes mandatory. Below the threshold, the GSTIN obtained at incorporation remains valid and can be surrendered if not needed.
Non-filing of INC-20A within 180 days attracts a penalty of ₹50,000 on the company and ₹1,000 per day on each director, capped at ₹1 lakh each, under Section 10A. The RoC may also initiate strike-off proceedings under Section 248, removing the company from the MCA register and freezing its bank accounts.
Every listed public company and every public company with paid-up capital of ₹10 crore or more must appoint a whole-time Compliance Professional under Section 203 read with Rule 8A. The Expert manages board meeting minutes, statutory registers, ROC filings, and compliance audit (MR-3) if thresholds under Section 204 are met.
The team was very responsive and helpful. I received daily updates from the WhatsApp group, and their guidance made everything much simpler to comprehend. If you want a simple and hassle-free way to launch your business, I would highly recommend them!
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Simon Job
4.9/5
I recently used IncorpX to register my limited liability partnership, and I had an amazing experience! There were no hidden fees, and the team was helpful, quick to respond, and open. They provided thorough explanations of each step, and their services are reasonably priced without sacrificing quality. The entire process was made simple by IncorpX's professionalism, attention to detail, and sincere support. Strongly advised!
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Jay R
4.8/5
The experience was flawless; the team completed each task with care and always responded quickly. Throughout the process, I never felt stuck. We would especially like to thank Saksham and Sriram for making everything run so smoothly! The IncorpX team offers extremely competitive pricing; anyone just starting out should definitely get in touch with them.
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Mohammed Affan
4.9/5
I'm really grateful to the wonderful team at IncorpX for helping bring my co-founder's and my dream to life. The whole process was super smooth - fast service, great support, and no hassles at all. I'd highly recommend IncorpX to any new entrepreneur or founder looking to register their company. Excited to continue working with them in the long run. Thank you, IncorpX!
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Riyom Taipodia
4.6/5
One of the best agency I have ever experienced. Team members are very friendly as if we know each other from before and came communicate and share easily. My work has been done in a very short period and I am so happy. Thank you so much.
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Ayyappa Swamy
5/5
Highly recommend... IncorpX services regarding incorporation of our company and roc filing and all are very impressive.. the team IncorpX is polite and friendly. Our Lands Time pvt ltd has incorporated through IncorpX... And thanks to IncorpX team..
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Ramesh Babu
4.9/5
Trouble free service, Rendering good co-operation for company incorporation. Trust worthy team to have better knowledge.
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Pravesh Kudesia
5/5
IncorpX is providing best service... And user experience! Thank You IncorpX Team
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Balaji Gutte
4.9/5
I recently got my Private Limited Company incorporated through IncorpX, and the experience was seamless! The team was professional, supportive, and quick to respond throughout the process. Highly recommend IncorpX for a smooth and stress-free company registration experience.
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Dia
5/5
I'd been planning to register my Private Limited Company for months but didn't know where to start - until I found IncorpX. The team guided me step by step, explained everything clearly, and completed the registration smoothly within the promised timeline. Their pricing was transparent with no hidden charges. Highly recommend IncorpX to anyone starting a business!
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