Public Limited Company

Public Limited Company Registration

A Public Limited Company assures the limited liability to its Members and Owners. The major advantage of incorporating this type of entity is that a Public Limited Company is freely allowed to raise funds from the public by following certain norms and regulations and results beneficial in raising capital. Though the regulatory requirements are much more strict than the Private Limited Company.

Here, it can be formed with seven Members and three Directors with no minimum capital requirements. It is beneficial to establish such a Company when the investors are large in size and involve the public at large. The shares of this type of entity are freely transferable in the market. It enjoys the basic features and advantages as granted by the Companies Act, 2013 such as Separate Legal Entity and Limited Liability.

Minimum Requirements for public limited company registration

• Minimum three persons as Director and maximum fifteen
• Minimum seven persons as Members
• Minimum one Director shall be an Indian resident
• Digital Signatures of Subscriber and Directors
• No Minimum Capital requirement
• Director Identification Number if available

Documents Required for for public limited company registration

• PAN Card of the Member and Directors of the proposed Company
• Passport in case of Foreign Nationals
• Identity Proof of the Member and Directors of the proposed Company
• (Aadhar /Voter ID/Driving License/Passport)
• Address Proof of the Members and Directors (Utility Bill/Telephone Bill/Mobile Bill/Bank Statement not older than two months)
• Latest passport size photograph of Member and Directors
• Business Address Proof: Copy of Registry and Latest Govt. Electricity Bill or Water Bill
• Owned Property
• Business Address Proof