PUBLIC LIMITED COMPANY REGISTRATION
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A 'Public Limited Company' is a firm formed with at least 7 individuals and 3 Directors. There's no limit on the maximum number of people in this company. Its name must end with 'Limited'. Such companies can issue shares to the public following Companies Act rules. Public Limited Company operations require strict compliance with Companies Act provisions. Typically, businesses needing substantial capital may opt for Public Limited Company registration.
What is the basic requirement?
You need a minimum of 3 Directors.- At least one Director must be an Indian resident, residing in India for 182 days in the previous financial year, regardless of citizenship.
- You'll need a minimum of 7 shareholders.
- No specific minimum capital is required.
- All shareholders must have a digital signature.
Benefits
- Shares can be easily transferred.
- Accessing funds is simpler.
- Only a limited company can list shares.
- Shareholders' and Directors' liability is limited to their investment.
- The company is a distinct legal entity.
Documents required for Directors and Shareholders
- Provide PAN card copy.
- Submit proof of permanent address: Aadhar card, Driving license, Voter ID, or Passport (any one).
- Present address proof required: Bank statement, Telephone bill, Mobile bill, or Electricity bill (any one).
Registered office documents.
- Provide an Electricity bill copy.
- If rented, submit a copy of the rental agreement.