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FAQ - Public Limited Company

  1. What is a Public Limited Company?

    A Public Limited Company is a Company which is limited by shared and has no restrictions on the maximum numbers of shareholders. It can be formed with minimum of seven members and three Directors. It should be registered with the Registrar of Companies of the particular State under the Companies Act, 1956.

    Such type of Company can offer its shares to the Public, accept deposits from it and there is no restriction on transference of shares.However, minimum share capital requirement for such a Company is Rs.50, 000.

  2. Documents for Public Limited Company?

    Identity proofs and address proofs of all proposed Directors are required for registration of a Public Limited Company. For Indian nationals, PAN Card is mandatory. In addition to this, a No Objection Certificate (NOC) should be obtained from the landlord of the registered office address for having company's office registered in his or her premises. The identity and address proofs of the landlord are also required.

  3. How to Register Public Limited Company?

    Registering a Public Limited Company can take 15-20 days, subject to Registrar of Companies (ROC) processing time.Various steps to register a Public Limited Company are as follow:

    • Obtaining DSC and DIN: Digital Signature Certificate and Director Identification Number (DIN) would be required for the proposed Directors of the Company. It can take 5-7 working days.
    • Approval of Name: A minimum of one and a maximum number of six names should be proposed to the Ministry of Corporate Affairs (MCA), Government of India. The Ministry will approve the name within 5-7 days depending upon the availability, processing time and naming guidelines.
    • Company Registration: All the related documents should be submitted to the MCA along with an application for registering the company. Subject to the MCA processing time, it can take 5-7 working days.
  4. What is the Maximum number of Shareholders in Public ltd. Company?

    There is no restriction of maximum numbers of Shareholders in a Public Limited Company.