Public Limited Company to be Incorporated under Companies Act, 2013
A Public Limited Company can be incorporated under Company Act 2013 .It is a company that has limited liability and offers shares to the general public. The company is mainly suitable for the large scale of business where the capital will be high. Incorporation gives you a professional status and also Registering the Trademark of your company will help you to safeguard your identity and restrict others from using it.
- Name: Every company incorporated should have the last word LIMITED in its name.
- Members: Minimum 7 members, minors cannot become members of company
- Directors: A public limited company should have at least 3 Directors it can exceed upto 15.
- Share capital: Zero paid up capital.
- Prospectus: As per the requirement of the Act, prospectus is mandatory for the public limited company.