(i) Minimum Seven people- Minimum seven people are required to start a public limited company in India in which the company shall have minimum three directors. However, minimum 7 people can become shareholder and maximum any numbers can become shareholder in the public limited company. (ii) One Resident Director-For public company, one person must be resident Indian among all the directors. (iii) No Minimum capital- There is no Minimum capital to start a limited company. However, fee must be paid to the government worth Rs. 5 lakhs for the issuing a minimum of shares. (iv) Unique Name-The name of the public limited company should be unique, not be similar to the any existing company.
Manish Kumar
Who are Eligible for public Limited Company Registration?
Kindly let us know the Eligible for Public Limited Company Registration.
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