Overview

A Public Limited Company is a constrained organization formed with a minimum of 7 members and 3 Directors. There is no restriction on the maximum number of members in a Public Company. The company's name must end with the word 'Limited'. Public Limited Companies can issue shares to the general public, subject to compliance with the Companies Act. These companies are ideal for businesses that require large capital investments.

Basic Requirements

• Minimum of 3 Directors
• Minimum of 7 Shareholders
• At least one Director must be a resident of India (at least 182 days stay in the preceding financial year)
• No minimum capital requirement
• Digital Signature Certificate (DSC) mandatory for all shareholders

Benefits

• Easy transfer of shares
• Easy to borrow funds from financial institutions and investors
• Only Limited Companies can list their shares on stock exchanges
• Liability of shareholders and directors is limited to their investment
• Acts as a separate legal entity

Documents Required

For Directors and Shareholders:

• Copy of PAN
• Copy of permanent address proof (Aadhar / Driving License / Voter ID / Passport – any one)
• Copy of present address proof (Bank Statement / Telephone Bill / Mobile Bill / Electricity Bill – any one)

For Registered Office:

• Copy of Electricity Bill
• Copy of rental agreement, if office is on rent