A Public Limited Company is where there is a rule of minimum number of members to be at least seven or more and there is no cap on the maximum number of members.A minimum of three Directors are required for establishing a Public Limited Company. A public limited company is a lot like a private limited company with all the advantages and the capability to have unlimited number of members, transferability of shares and transparency. The Public limited company is identified by name, number of members, shares, formation, management, directors, meetings, etc., It also grants limited liability to its owners
Public Limited Company Incorporation Process
Step 1 Public Limited Company Incorporation:-WeÂ can incorporate a Public Limited Company for you Â in 14 to 20 days, subject to ROC processing time.
Step 2 Obtaining DSC & DSN:-Digital Signature Certificate (DSC) and Director Identification Number (DIN) is required for the proposed Directors of the Public Limited Company. DIN and DSC can be obtained for the proposed Directors within 5 to 7 days.
Step 3 Name Approval:-A minimum of one and a maximum of six proposed names must be submitted to the MCA. Subject to availability, naming guidelines and MCA processing time, Name Approval can be obtained in 5 to 7 working days.
Step 4 Company Incorporation:-Â Documents can be submitted to the MCA along with an application for incorporation. MCA will usually approve the application for incorporation in 5 to 7 days, subject to their processing time.
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