Who are Eligible for public Limited Company Registration?

Kindly let us know the Eligible for Public Limited Company Registration.

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(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

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