Minimum Requirements To Register Public Limited Company
Minimum Seven Persons: A company can be registered in India, by at least seven persons, who shall act as the shareholders of the company. There is no limit on the number of shareholders and the minimum director required is 3 which cant exceed 15 directors.
Resident Director: One director of the company must be resident in India. A person is said to be resident if he or she stays in India for at least 182 days during the preceding financial year irrespective of their citizenship. The days of stay can be in phases.
Capital Requirement: Invest as per requirement of your business, and there is no minimum capital requirement as such to be maintained in the company. However, the government fee on company registration is calculated on the capital
Unique Name of Company: The proposed name of the company should not resemble any existing company or LLP. Further you must check the trademark registry to ensure that the name does not match with any registered or applied trademark in India.
DOCUMENTS REQUIRED FOR PLC REGISTRATION
- Documentation of the Company & Promoters
- Photo & Identity Proof of Each Promoter
- Pan Card of All Promoters
- Address Proof: (any one document)
- Telephone Bill
- Gas Bill
- Electricity Bill
- Bank Statement
- Documents For Registered Address
- Proof of Registered Office
- Utility Bill as proof must be Latest
- NOC from the owner of premises