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A Public Company is a Company having general public as the members and ownership lies in the hands of Public, having minimum of three members and there is no limit on the maximum number of members. The name of a public Company must end with ‘Limited.’ A Public Company must have minimum three directors and minimum seven members. There is no restriction on the maximum number of members in case of a Public Limited Company as compared to a private limited company where maximum number of members shall not exceed 200. These companies can raise funds from general public by selling its shares and the shares allotted to the members are freely transferable. Public Limited Companies have perpetual succession and the liability of each member is limited to the extent of the amount of shares subscribed by them.
Separate Legal Entity
As a juristic legal person, both the company and its members have separate legal identity that is distinct from each other.
A company existence is uninterrupted, even the death or insolvency of shareholder(s)/ directors cannot affect the continuity of business of the company.
Limited liability of members
The liability of members of a public company is limited to the amount of share capital remaining unpaid on the shares held by them.
Easy transferability of ownership
The ownership in a public company is easily transferable by way of transfer of shares from one member to another
Easy financial assistance
Public Company can raise money from public through IPO/FPO without any restrictions along with other sources
The proposed name selected by you should be unique and should not resemble to the name of an existing company or Limited Liability Partnership.
Obtaining requisite Documents and information
Filing of Requisite forms with ROC
Certificate of Incorporation
Note: *Draft will be provided by our team
Note: Following additional documents will be required in case the company to be incorporated is a subsidiary of another company: • Copy of resolution passed by the Parent company for incorporation of subsidiary company; • No-objection certificate from the parent company for using its name by the subsidiary company; • Certificate of Incorporation of the Parent company
At Companies Next, we have a dedicated team of professionals for providing quality services with accuracy and within given timelines. We provide a complete transparent and online platform for registration of your public limited company. Our public company registration includes: