1. Digital Signature Certificate (DSC) Issuance Takes about 1 to 2 working days for each director. Requires submission of identity and address proof documents. Issued by a certified agency after online verification. Mandatory for signing electronic forms. All...
1. Choose Suitable Names Select one or two preferred names for the company that comply with the Companies (Incorporation) Rules, 2014. The name should be unique, not identical or similar to an existing company or trademark. Avoid restricted words like “National,”...
1. Identity and Address Proof of Directors and Shareholders PAN Card of all directors and shareholders (mandatory for Indian nationals) Passport (in case of foreign nationals) Aadhaar Card, Voter ID, or Driving License as identity proof Latest utility bill or bank...
1. Complex Formation Process Forming a Public Limited Company involves lengthy legal procedures. It requires multiple approvals, registrations, and documentation. Incorporation demands a minimum number of shareholders and directors. Preparation and filing of detailed...
1. Preparation of Prerequisites Ensure that at least 7 shareholders and 3 directors are available for incorporation. At least one director must be a resident of India. Obtain Digital Signature Certificates (DSC) for all proposed directors. Apply for Director...
1. Public Issue of Shares A Public Limited Company can raise funds by offering shares to the general public. This is done through an Initial Public Offering (IPO) or Follow-on Public Offering (FPO). After the IPO, shares are listed and traded on stock exchanges. It...
1. Access to Public Capital A Public Limited Company can raise funds by issuing shares to the general public. It enables large-scale capital mobilization through Initial and Follow-on Public Offerings. Attracts both institutional and retail investors. Funding options...
1. No Statutory Upper Limit A Public Limited Company can have unlimited shareholders. There is no maximum cap prescribed under the Companies Act, 2013. This is a key distinction from Private Limited Companies, which are limited to 200 members. It allows a wide base of...
1. Statutory Requirement A Public Limited Company must have at least three directors at the time of incorporation. This requirement is mandated under the Companies Act, 2013. The company cannot be registered or continue its operations with fewer than three directors....
1. Minimum Shareholding Requirement A Public Limited Company must have at least 7 shareholders at the time of incorporation. This is a mandatory requirement under the Companies Act, 2013. These shareholders can be individuals or corporate entities. All shareholders...