A company which can raise funds through the issue of share capital to the public is known as a public limited company. The liability of the shareholders remains limited to the unpaid share capital of the subscribed capital. A Public Limited Company is regulated through Companies Act, 2013. It is governed by the Ministry of Corporate Affairs.
Requirements of a Public Limited Company -
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At least 7 Members on-board
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Minimum 3 Directors, one of them must be a resident of India
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The Directors and the Shareholder can be the same individual
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Minimum Authorized Capital Rs. 5,00,000
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DIN of all the directors
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DSC of all the Directors
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Address of the Company’s registered office