- Minimum 7 Shareholders
- Minimum 3 Directors
- At least 1 of the Directors shall bean Indian Resident
- The directors and shareholders can be the same person.
- Minimum Authorised Share Capital to be Rs.5 Lac
- DIN (Director Identification Number) for all Directors
- DSC (Digital Signature Certificate) for Directors, Shareholders & Witness
- 1 Witness for MOA / AOA Subscriber
1. Passport size photograph (ScanCopy)
2. PAN Card copy(Mandatory)
3. Proof of Identity
(Any one of the below)
-Passport
-Voter ID
-Driving License
-Aadhar Card
4. Proof of Residence (in the name of applicant)
(Any one of the below)
-Bank Statement
-Electricity Bill
Case-A: If the Property is Owned by any Director or Shareholder:
1. Sale deed of the Property
2. NOC from the owner (Digital CA will provide a draft copy)
Case-B: If the property is taken on rent by any Director or Shareholder:
1. Rent Agreement
2. NOC from the owner (Digital CA will provide a draft copy)
In addition to the above, any one of Electricity Bill/Telephone Bill/Gas Bill/ Mobile Bill is required.
There is no requirement of a minimum paid-up capital. Hence, you can incorporate a public company with any amount of capital.
You need a minimum of 3 directors to incorporate a public company with a maximum of 15 directors. However, no. of directors can exceed 15 after obtaining Special Resolution.
There is no restriction on the issue of securities to the public. The company can issue the same via an initial public offer (IPO) or a bonus issue through private placement. Also, the company needs to issue the securities in the Dematerialised format.
In a public company, the managerial remuneration paid to the director and manager should not exceed 11% of the net profits of the company subject to other provisions of the law.
The liability of each member of a public company cannot exceed the amount of investment in shares of the member. This limit is non-extendable.
Every public company must have at least five members personally present to form a quorum to constitute the meeting if the number of members as on the date of the meeting is not more than one thousand.
- If authorized capital is Rs. 10 lakhs or above and registered address is situated specific state then following stamp duty (actual) will be charged extra.
Punjab Rs. 10550, Gujarat & Rajasthan Rs. 5500, Kerala Rs. 2000, Madhya Pradesh Rs.7500.
- In case of rejection of one RUN form, an additional cost will be charged extra.