Public Limited Company

In a Public Limited Company, there should be a minimum of three and maximum of fifteen Directors.

The biggest benefit of a Public Limited Company is that there is no minimum limit on the required capital for setup.

There is no restriction on the maximum number of members. However, the minimum limit in this regard is seven. 

It takes around 10 to 12 working days to setup a Public Limited Company. The time taken for incorporation typically depends on the filing of necessary documents by the promoter and the speed of Government Approvals. To encourage speedy incorporation process, it is recommended choose a unique name for your Company and ensure you have all the required documents are provided before the commencement of incorporation process.

Following documents are required to be submitted at the time of incorporating a Public Limited Company.

• Self-attested PAN card copy.
• Four Photographs.
• Self-attested copy of any one of the Identity Proof like Driving License, Passport, Voter ID.
• Self-attested copy of any one of the Address Proof like Bank Pass Book/ Bank Statement, Telephone Landline Bill, Mobile Bill & Electricity Bill
• Company Address proof Electricity Bill, Telephone Bill, Mobile Bill & Gas Bill and NOC for doing Business & for taking Registration.

This Unique Number is primary meant to assist in the allotment to an Individual and remains valid for whole life of the individual. The individual should be the director of any company.

To become eligible for this position, one must have the age of at least 18 years along with a natural orientation. The citizenship could be of India or any other country. This simply means that even a foreign national can apply to become the Director in Indian Public Limited Company.

Yes. The possession is subjected to the Foreign Direct Investment (FDI) Guidelines a NRIs / Foreign Nationals / Foreign Companies.

MOA & AOA of the company is meant to list all the rules and regulations and the process flow of company. It also describes all necessary details related to the company's objects, capital, individuality, objectives and working pattern. After the name of the company is chosen, the Memorandum of Association and Articles of Association of the company is needed to be conscripted, the last page of the MOA and AOA is called subscriber sheet and needs to be filled in by the promoters on their own by giving their personal information and shareholding ratio.

Registration Certificate.

Yes, a Public Limited Company can have a property on its own name. However, none of the company’s owners and members can have insurable interest in the property owned by the company.

A Public Limited Company is required to assign an Auditor and get its statutory review performed by a Chartered Accountant at the end of the financial year along with filing Income Tax Return to Income Tax Department. In addition to that, a company is also required to file its Annual Filling Forms with Registrar of Companies. Further the Private Limited Company must conduct Board Meeting at least once in every 3 months and an Annual General Meeting, at least once in every year and also maintain Minutes of every Board Meetings and General Meetings and Statutory Registers.