Documents required for company incorporation
- Minimum capital requirement for a public limited company is Rs. 5, 00,000
- Minimum number of members or shareholders required is 7 (seven)
- Must have minimum number of at least 3 directors .
Public limited company overview
A public limited company is a legal corporate registered under companies act,2013. This means that the public company has limited liability towards owners and management. It offers shares to the public and has limited liability. The shares can be acquired by anyone though IPO or through stock market trade. Such offerings are beneficial in raising funds for the company. The rules and regulations are most stringent as compared to the Private limited company. This is because the funds invested in the company also belong to the public.