Register your Public Company in India in 7 working days
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A public limited liability company allows limited liability to its proprietors and to its management team. But in the case of a public limited company, a firm can sell shares to investors which are considered as a beneficial act in raising the capital for the business. To establish a Public Limited Company, a minimum of three Directors are required and there is no cap on the maximum number of members. Importantly, it has more strict regulatory requirements when compared to a Private Limited Company.
Public Limited Company is a different type of company but holds most of the characteristics of a private limited company. It enjoys more benefits such as ease of transferability, borrowing capacity, limited liability, and perpetual existence. Like any other companies in India, Public Limited liability is also registered according to the rules and regulations of the Companies Act, 2013.
Benefits of Public Limited Company Registration
Minimum 7 shareholders are required to form a Public Limited Company.
A minimum of 3 Directors is required to form a Public Limited Company.
A minimum share capital of Rs.5 lakh is required.
DSC of one of the Directors is needed when the self-attested identity copies and address proof are submitted.
DIN for the Directors is necessary.
Application is to be made for the selection of the Name of the Company.
An application that comprises the main object clause of the company is made. This object clause will define the main objectives of a Company after the incorporation.