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Registering a public company in India offers multiple advantages that enhance its credibility, growth potential, and financial stability.
Public Limited Companies can raise capital from the general public by issuing shares on stock exchanges through an Initial Public Offering (IPO). Unlike private companies, which rely on internal funding or venture capital, PLCs can tap into a vast pool of public investors, helping them expand and scale their operations rapidly.
Due to their structured governance and financial transparency, public companies are more likely to receive loans and credit facilities from banks and financial institutions. Lenders prefer lending to PLCs because of their:
Minimum 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 can't 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 Requirements
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 The 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.
1. Photograph Of All The Directors.
2. PAN Card Of All The Directors.
3. ID Proof Of All The Directors.
(Driving Licsense And Voter ID)
4.Electricity Bill Or Any Other Bill For The Adreess Of The Registered Office.
A Company must have a registered office in India. Documents like bank statement or electricity bill should not be older than 2 months.
Along with that utility bill, rent agreement or sale deed (NOC) from the landlord with his/her consent to use the office as a registered office of a company must be submitted.
Yes, an NRI or Foreign National can be a Director in a Public Ltd Co. in India. For becoming a director, besides the basic requirement of being a sensible adult, such a person must possess the DIN issued by MCA. However, at least one Director on the Board of Directors must be a Resident of India.
In India, You can set your Public Ltd. Co. anywhere but there are minimum 7 shareholders and three Directors required. The Directors can also be shareholders.
No, unlike a Private Limited Company a Public Limited company has no limits on a maximum number of shareholders.
When the total capital of a company is divided into shares, is called as share capital. The share capital is the total amount of capital collected from their shareholders for the purpose of achieving the objectives of the company.
A Public Limited Company must have a minimum of three directors.
DIN is a unique identification number allotted to an individual who is appointed as a Director of a Company and it is mandatory for every Director to have this number.
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