Public Limited Company

The Companies Act, 2013 ('Act') regulates the establishment and working of a public limited company. A public limited company offers shares to the general public and has limited liability. Its stock can be acquired by anyone, either privately through Initial Public Offering (IPO) or via trades on the stock market. It is strictly regulated and is required to publish its true financial health to its shareholders.

(i). Minimum 7 shareholders are required to form a public limited company.

(ii). Minimum of 3 directors is required to form a public limited company.

(iii). A minimum authorised share capital of Rs. 1 lakh is required.

(iv). Digital Signature Certificate (DSC) of one of the directors is needed while submitting self-attested copies of identity and address proof.

(iii). Directors of the proposed company will need a Director Identification Number (DIN).

(iv). The name of the company must be as per the provision of the Company Act and Rules.

(iii).Documents like the Memorandum of Association (MOA), Articles of Association (AOA) and duly filled Form DIR - 12 is needed.

(iv).Payment of the prescribed registration fees to the ROC is required.