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Incorporation of A Public limited Company Section 2 (71) states that a public company means a company which: i.

is not a private company;


has a minimum paid­up share capital , as may be prescribed:

Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purpose of this act even where such subsidiary company continues to be a private company in its articles. Points to be kept in mind before incorporation of a Public Limited Company: Decide regarding the proposed name to be applied, objects to be carried by the Company, proposed registered office address, authorized capital, number of promoters, number of directors, number of shares to be subscribed by each promoter. The name of the company should be in consonance with the principal objects of the company as set out in the memorandum of association. Every name need not be necessarily indicative of the objects of   the   company,   but   when   there   is   some   indication   of   objects   in   the   name,   then   it   shall   be   in conformity   with   the   objects   mentioned   in   the   memorandum.   [Rule   8(2)(b)(ii)   of   Companies (Incorporation) Rules, 2014] The   proposed   name   should   not   fall   in   the   ambit   of   undesirable   names   specified   in   Rule   8   of Companies (Incorporation) Rules, 2014 The Company must have minimum Paid Up Share Capital as may be prescribed.  There must be at least 7 subscribers to the memorandum of Association of the company  [Section 3(1)(a)] Minimum number of Directors required is 3 Directors upto a maximum Limit of 15 Directors  [Section 149(1) (a) & (b)]. A company can appoint more than 15 directors after passing a special Resolution in a general Meeting. Every company shall have at least one director who has stayed in India for a total period of not less than one hundred and eighty­two days in the previous calendar year.[(Section 149(3)] All   Directors   should   have   valid   DIN. (In   case   the   proposed   directors   don’t   have   a   Director Identification   number   (DIN)   allotted   to   them,   Pl.   Ref.   procedure   for   DIN   Application   and allotment) Digital Signature for any one of the Director is required to digitally sign the E­Forms to be submitted with the Registrar of Companies.

The Following Procedure to be followed for Incorporation of a Public Limited Company

Incorporation of a public limited company  

Section 2 (71) states that a public company means a company which: i. is not a private company; ii. has a minimum paid-up share capital , a...