Public Company Registrations

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 there under. 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 FOR PUBLIC COMPANY

   Minimum 7 Shareholders

   One of the Directors must be Indian Resident

   DSC (Digital Signature Certificate) for two of the Directors

   Minimum 3 Directors

   Minimum Authorized Share Capital Rs. 500,000 (INR Five Lac)

   The directors and shareholders can be same person

   DIN (Director Identification Number) for all Directors

Advantages

  • There is limited liability for shareholders.
  • The business has separate legal entity. There is continuity even if any of the shareholders die.
  • These businesses can raise large capital sum as there is no limit to the number of shareholders.
  • The shares of the business are freely transferable providing more liquidity to its shareholders.

book mark this link

Leave a Reply