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Public Limited Company Registration
Register your public limited company with Taxteam's help. We, at Taxteam, are leading service providers offering online and offline incorporation of your public limited company anywhere in India with just one call, email, or message.
Public Limited Company to be Incorporated under Companies Act, 2013
You can establish a public limited company under the Company Act of 2013. This form of company issues shares to the general public and has limited liability. It is best suited for large-scale organizations with a significant capital need. Incorporating your firm grants you professional status, while registering your company's trademark protects your identity and prevents others from utilizing it.
- Name: Every company incorporated should have the last word LIMITED in its name.
- Members: Minimum 7 members; minors cannot become members of the company.
- Directors: : A public limited company should have at least 3 directors; it can exceed up to 15.
- Share capital: Zero paid-up capital.
- Prospectus: : As per the requirement of the Act, a prospectus is mandatory for the public limited company.
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Benefits
Benefits of Incorporation of Public Limited Company
01
Separate Legal Entity
When the assets and liabilities of the business and its directors differ, the law regards the company as a distinct legal entity. In the event of a disagreement or default, the company can sue a third party as a legal person.
02
Limited Liability
The company limits its liability. It will not use the personal assets of the shareholders to cover unpaid debts. If the company faces a financial crisis, it will use its assets to pay back the debts.
03
Easy Capital
The corporation can raise capital by issuing shares to the general public, which leads to a significant maximization of capital.
04
No Minimum Capital
You can start your own business by forming a public limited corporation without any paid-up capital.
Faq's
General frequently asked questions
Have questions? Our FAQ section covers common queries to help you find quick and clear answers.
Have Any Question ?
Yes, a public limited company does not have a maximum limit on the number of members. It must have a minimum of 7 members.
In India, a public limited company can be formed without a minimum capital requirement, but it must have at least seven stockholders and three directors.
Yes, foreign nationals or NRIs can serve as directors of a public limited company in India if they obtain a valid DIN and comply with FEMA and Companies Act regulations.
No, the members of a public limited company do not settle the company's outstanding debts with their personal assets. They are only liable for the amount owed on their shares.
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