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:

1. It is not a private company
2. It has a minimum paid-up capital of Rs. 5 Lakhs and above
3. 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:

1. At least 25% of its paid-up share capital is held by one or more corporate bodies
2. Its annual turnover has been exceeding Rs. 25 crores since last three consecutive years
3. It holds at least 25% of the paid-up share capital of any public company
4. 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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