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Overview

As per Section 2(71) of the Companies Act, 2013- “Public company” means a company which

(a) is not a private company and;

(b) has a minimum paid-up share capital as may be prescribed

Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be a public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles.

Following are the requirements to incorporate a Public Company 

  1. Minimum 7 Shareholders
  2. Minimum 3 Directors
  3. The name of company must end with the word “Limited”
  4. DSC of all Directors and Shareholders
  5. DIN of Directors

 

 

Benefits of Public Limited Company Registration

  • Limited Liability of the Shareholders

    Shareholder’s liability is limited to the amount of capital invested by them.

  • Separate Legal Entity

    Shareholders and Directors may come and go, but the existence of the company continues to exist.

  • No Capital limitations

    Public Limited Company can take funds from general public as such it is suitable in case of capital intensive businesses where fund requirements is huge.

  • Easily transferable

    The shares of a public limited company are easily transferable. In the case of Public Company Registration, shareholders are less bound to remain with the company, which results in making people more willing to invest.

Documents Required

Nature of proposed business

Proposed names for company

Authorized and Paid up share capital

DIN of all Directors

DSC of all Directors and Subscribers

PAN Card of Directors and Subscribers

ID Proofs Directors and Subscribers

Address Proof of Business premise, Directors and Subscribers

Passport size photo of all directors

Mobile no. and email id of directors and subscribers

Process

  • 1

    Verification of documents

  • 2

    Recognizing 3 directors and 7 shareholders

  • 3

    Application for Name Approval

  • 4

    Apply for Digital Signature Certificate

  • 5

    Incorporation of company along with filing of e-MOA and e-AOA

  • 6

    Obtain Certificate of Incorporation and provide to client

Frequently Asked Question

CIN is a unique identification number that is assigned by the ROC to the companies registered in India. The Registrar of Companies gives the Corporate Identification Number to the companies while issuing their Registration Certificate.

 

Followings the the types of company registration in India:

  1. Private limited company
  2. Public limited company
  3. Limited liability Partnership
  4. One person company
  5. Nidhi Company
  6. Producer Company
  7. Section-8 Company

Authorised share capital means such capital as is authorised by the memorandum of a company to be the maximum amount of share capital of the company

Paid-up share capital means such aggregate amount of money credited as paid-up as is equivalent to the amount received as paid-up in respect of shares issued and also includes any amount credited as paid-up in respect of shares of the company, but does not include any other amount received in respect of such shares, by whatever name called