A public limited company is incorporated for large capital requirements so that it can be raised from the public at large through Public Issue of Shares. The minimum requirement is seven shareholders and three directors and a registered office. We will extend our support in documentation, preparation, filing and subsequent Follow-up with ROC.
A Public Limited Company is a creation of law and can be incorporated as per the law and provisions contained in The Companies act 2013 and the rules made thereunder. Any seven-person can start Public Limited Company with no limitation to the number of shareholders in the company. This form of business is suitable for large scale of business where the capital requirement is very high and the company is willing to obtain money from the public at large. We shall be extending our support at the initial consultation to draft the objects and name selection for the company, to file the necessary application for incorporation and regular followup with the ROC until the certificate of incorporation is issued.
Minimum Requirements To Register Public Limited Company
A Public Limited Company can be registered in India, by at least seven persons. One director of the company must be resident in India.
Minimum Seven Persons
A company can be registered in India, by at least seven persons, who shall act as the shareholders of the company. There is no limit on the number of shareholders and the minimum director required is 3 which cant exceed 15 directors.
One director of the company must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases.
Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital
Unique Name of Company
vThe proposed name of the company should not resemble any existing company or LLP. Further you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.