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Public Limited Company

Public Limited Company

A Public Limited Company under Company Act 2013 is a company that has limited liability and offers shares to the general public. It’s stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market. A Public Limited Company is strictly regulated and is required to publish its true financial health to its shareholders. The name of a Public Company shall end with the word “Limited”

Characteristics of Public Limited Company

  • A minimum of 3 directors are required for the Public Limited Company.

  • The liability of each shareholder is limited. In simple words, a shareholder of a public limited company isn’t personally responsible for any loss or debts of the company for any amount greater than the amount invested by them.

  • Shares of the Company are held by the Public at Large

  • Minimum 7 Persons are required for Opening a Public Company

  • No minimum Capital Required

Documents required

  • Identity and Address Proof of the Directors or Members

  • Email id / Contact No of the Directors or Members

  • Passport Size Photo of the Directors or Members

  • Utility Bill for the registered Office (not more than 2 months)

  • No Objection Certificate from the Owner

  • Filing of the Necessary Forms with the Ministry.

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