PUBLIC Company Incorporation
Public Company Incorporation is governed by the Companies Act, 2013. A minimum of 7 persons is required for the public company incorporation. The minimum capital required for incorporation of Public Company is 5 Lakh rupees.
Public Company has no restriction on the maximum number of members. Shares of a public limited company are freely transferable making it easy to liquidate the investments when needed. The minimum age to become director of a company is 18 years.
A Public Company which is incorporated must have words “Ltd” at the end of its name. Time taken for registering a company at ARTS is 14-21 days subject to receipt of complete details.
It is mandatory for a public company to hold one Board Meeting in a period of 3 months. A Public Company can have foreign nationals as their directors provided that at least one director is an Indian Resident and foreign nationals intending to be appointed as director hold a valid DIN.
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