Public Company Registration

Public Company Registration

A Public Limited Company is a creation of law and is incorporated as per the law and provisions laid down in The Companies act 2013, and the rules made thereunder. Seven or more persons are needed as promoters of a public limited company, out of which at least three persons should be the first directors of the company. There is no maximum limit on the numbers of shareholders of a public limited company, while the maximum number of directors as prescribed is fifteen, which can be further increased.

Minimum Requirements To Register Public Limited Company

Seven Persons :-

A company can be registered in India, by at least seven persons, who shall act as the shareholders of the company. There is no limit on the number of shareholders and the minimum director required is 3 which cant exceed 15 directors.

Resident Director :-

One director of the company must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases.

Capital Requirement :-

Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital.

Unique Name of Company :-

The proposed name of the company should not resemble any existing company or LLP. Further you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.

The Stepwise Process of Limited Company Registration

• Check eligibility and documents
• Apply for DSC of all the Directors
• File RUN Application for Name Reservation
• File Spice Plus Form for Company Incorporation
• Apply PAN and TAN for Your New Company
• Open Bank Account and Start Operation