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Public Company Formation

OVERVIEW
According to the section 3(1)(iv) of the Companies Act of 1956, a company is said to be a Public Company if:

It is not a private company
It has a minimum paid-up capital of Rs. 5 Lakhs and above
It is a private company which is a subsidiary of any public company

According to section 43A, a Private company is deemed to be a Public company when:

At least 25% of its paid-up share capital is held by one or more corporate bodies
Its annual turnover has been exceeding Rs. 25 crores since last three consecutive years
It holds at least 25% of the paid-up share capital of any public company
It accepts or renews deposits from the public after making invitation and advertisement.

Also, the minimum number of members in a public company is seven and such a company must have the word “Ltd” as last part of its name.

Steps to set up a Public Limited Company

Public Company Formation Query Form

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* Your Name :
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Address :
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