Public Limited Company in India
A public limited company is pre-requisite for trading on the stock exchanges; and therefore, public limited companies are also very famous and popular by industrialists and investors belonging to various economic fields. Hence, in ours this webpage, we are offering exclusive and very productive information regarding the registration of public limited companies in all across India.
Our fast prospering and globally prominent full-service law firm of India has been offering impeccable, swift, and responsible legal services in all areas of the law to Indian and global people and entities for a long glamorous and inspiring period, essentially including the company law and IPR laws.
As in other countries of the world, a public limited company in India is fully authorized to sell its stocks to public investors and trade on the desired stock exchanges of the country. Therefore, the public limited companies are essentially required to make more disclosures that that needed by the private limited companies which are managed privately and cannot trade on the stock exchanges.
Till now, ours internationally famed company lawyers have helped industrialists, investors, and companies forming a large number, and belonging to all across India and the whole world, in the formation and establishment of their respective public limited companies, for the purpose of doing business in any cherished economic field, anywhere in India. All legal requirements for public ltd company registration in India are listed separately in the lower section, along with the complete registration process.
Legal Requirements for Public Ltd Company Registration
For mandatory registration of a public limited company in India, related utmost are the office of the Registrar of Companies (ROC) of the concerned State of India, and the supreme New Companies Act, 2013. The legal requirements for public ltd company registration and the registration procedure are as provided below:- For formation of a public limited company in India required legally are at least seven members or partners, and three directors. The recommended minimum magnitude of the paid-up capital for its registration is INR-5Lakhs; and there is no upper limit to the maximum number of members allowed to it.
- Directors are required to obtain their DINs and recognized DSCs from the Ministry of Corporate Affairs (MCA), govt. of India (www.mca.gov.in/-).
- Governmental consent to any one of the proposed names of the company is obtained through the Form INC -1, forwarded to the concerned ROC.
- Application for company registration is made through the Form INC - 7, which is submitted to the ROC, along with the MOA and AOA of the company.
- Filing Form INC - 22, Form DIR - 12, and Form DIR - 2, with the ROC.
- Making prosecution for company registration, and thereafter, obtaining the certificate of company incorporation.
- Then, acquiring the certificate of commencement of Business for starting its business