What is a Public limited Company?

Public Limited Company is governed under Companies Act, 2013. Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members. A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.

As per Section 2 (71) of Companies Act, 2013, a “Public company” means a company which—

is not a private company; and
has a minimum paid-up share capital as may be prescribed:

Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles

Necessary Document For Registration

DIGITAL SIGNATURE CERTIFICATE

One color photograph (Pass Port Size)
Identity proof
Current resident address proof

DIRECTOR IDENTIFICATION NUMBER

Form DIR-3 needs to be filed for making application for allotment of DIN

ID proof of the applicant
Address proof of the applicant
One color photograph of the applicant.

NAME AVAILABILITY

Details of the applicant
Details of the promoters
Objects of the proposed company
Particulars of proposed directors
Particulars about proposed names(maximum 6 names can be given in order of preference)

INCORPORATION

Identity proof of all the subscribers PAN card (mandatory) and any one of the following:

Aadhar Card
Passport
Voter Identity Card
Driving License

Residential address proof of all the subscribers

Bank Statement
Telephone Bill
Mobile Bill
Electricity Bill

If the subscriber is a foreign national, proof of nationality shall be attached

Proof of Registered Office address (not older than two months)

Telephone Bill
Electricity Bill
Mobile Bill

Advantages of Public Limited Company

Can raise more capital when compared to Private Limited Company.
Shares can be advertised and can be sold through the stock exchange
The directors could not dictate the decisions in the company as the rights in decision making process also vest in the hands of shareholders. Thus democracy is maintained well.
There is no limit as regards to the maximum number of members.

Minimum Requirement for Public Limited Company

Minimum 7 Shareholders
Minimum 3 Directors
DIN for all directors

Public Limited

Get in touch

What is a Public limited Company?

What we will provide you in our package?

You Just Need To Follow These Steps

Send us your requirement

We Will send you a form which you need to fill

Rest we will take care