Public Limited Company
Public Limited Company is a suitable option for large scale businesses that require huge capital. There should be a minimum of 7 Members with no limit on maximum number of members/shareholders and minimum 3 Directors for starting a Public Limited Company.
Usually, Public Limited Companies get listed with stock exchanges to raise capital from the general public. This is why Public Limited Companies have to comply with multiple regulations of the government and starting a public limited company becomes little bit cumbersome process.
As of Now, It is also mandatory to keep Shares of Unlisted Public Company into Demat Form in India
Minimum Requirements-
✓ Minimum 3 Directors and 7 Shareholders: Every Company must have minimum 3 Directors and at least one Director should be Indian resident, who has stayed in India for a total period of not less than 182 days in the previous calendar year hareholding of the Indian Company can be held by a foreign national or foreign entity, subject to the FDI norms in India.
✓ Directors and Shareholders can be the same person.
✓ One may get their Company registered with any amount of Share Capital now, But It is advisable to keep Share Capital at least Rs.5 Lac.
✓ Director Identification Number (DIN) for all Directors.
✓ Digital Signature Certificate for all Directors and Shareholders.
✓ PAN of all Directors and Subscribers.
Documents / Informations Required for Registration of Private Company -
- Digital Signature Certificate of All Promoters.
- Proposed Object of Company.
- 4 Unique Name with Priority.
- Passport Size Photos of all Promoters.
- Proposed Authorised Share Capital of Company.
- Proposed Subscribed Share Capital of Company along with Contribution by Subscribers.
- Self-Attested Copy of PAN Card and Aadhaar Card of all Subscribers and Directors.
- Self-Attested Copy of Passport / Driving Licence / Votor ID of all Subscribers and Directors.
- Mobile Nos. of all Subscribers and Directors.
- Educational Qualifications of all Subscribers and Directors.
- Length of Residing at Present Address.
- Name of Authorised Signatory for ESIC.
- Specimen Signature of Authorised Signatory for ESIC.
- Electricity Bill of Registered Office Address.
- Rent Agreement / Title Deed / Sale Agreement of Registered Office Address.
- Self-Attested Copy of Bank Statement / Electricity Bill / Telephone Bill of all Subscribers and Directors.
- Email IDs of all Subscribers and Directors
.