A ‘Public Company’ is a limited company formed with minimum of 7 members and 3 Directors. There is no restriction for Maximum number of members in a Public Company.
The name of the company should end with the words ‘Limited’. Subject to the compliance of the Companies Act, a company can issue shares to the public and can accept deposits from the public. Operations of public limited companies are subject to more stringent compliance of many of the restrictive provisions of the Companies Act. Generally, companies that require huge capital investments opt to be registered as a Public Limited Company.
For registering a public company, a minimum of 7 shareholders and 3 directors are required. Shareholders could be individuals, companies or LLPs, but only individuals can become directors of the company. A director need not be a shareholder of the company and shareholders need not necessarily be the directors also.
Shareholders / Members are the persons holding shares in a company. Directors of company are responsible for the management of the company affairs and legal compliance under various laws. Directors are normally appointed by shareholders. Indian company laws specify that only an individual can be appointed as a director of a company.
Today, Public Limited Company registration process and other regulatory filings are paperless; documents are filed electronically through the MCA website and are processed at the Central Registration Centre (CRC).
Company Registration process is completely online. Upon completing all registration formalities, the Registrar of Companies’ issues a digitally signed Certificate of Incorporation (COI). Electronic certificates issued by the ministry can be verified by all stakeholders on the MCA website itself.
Incorporating a company is a systematic process of collection and submission of details required as per the requirements of Companies Act 2013 and as per the process defined by the Ministry of Corporate Affairs from time to time. Management of the process requires in-depth knowledge of legal requirements and not to mention, practical experience of the same.
The process of Public Limited company registration in India is revamped by MCA, effective from 26th January 2018. Now, registration of the Public Limited Company can be completed within 12 – 20 business days. BookMyTM employs qualified company secretaries and chartered accountants, who ensure highest customer satisfaction and timely delivery of service.
Identification plays an important role in making a business outstand in competitive market, build a unique and distinctive name for your business hence enhance your brand’s trust and value. Consumers should identify activity of your business from the brand name so that they can relate your business with its offerings.
Even though it meets all the above criteria, once again make sure that the brand name to be short, easy to remember and simple to pronounce or spell.
Name of the Public Limited Company must end with “Limited” (Ltd) as a suffix
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Your Public Limited Company is incorporated.
A minimum of 3 Directors and 7 Shareholders are needed.
Yes, with prior approval from the Ministry of Corporate Affairs.
It is an identification number issued by the Ministry of Corporate Affairs to Directors of a company or Designated Partners of an LLP.
No, but you will need the help of a CA (Chartered Accountant) and CS (Company Secretary) for time-to-time compliances. BookMyTM offers Annual Compliances Packages which include these services.
A new DIN is allotted to a Director or Designated Partner when registering a Company or LLP. A Company or LLP can also apply for a DIN for a proposed Director or Designated Partner.
Shareholders can be individuals, companies, or LLPs, but only individuals can be directors.
The MOA is the charter document of a company. It contains the company’s name, the state of its registered office, its objectives, and its authorized capital.
The AOA contains the rules and regulations for the management of a company’s internal affairs and business conduct. It defines the relationship between the company, its members, and its directors.
Authorized capital is the maximum amount of capital a company can raise through the issuance of shares. Paid-up capital is the actual amount of money paid by shareholders for the shares issued.
