Public Limited Company Registration

An Overview

Public Limited Company is registered in India with the Ministry of Corporate Affairs under Companies Act 2013. Public Limited company needs a minimum of 3 directors and 7 shareholders. It needs a minimum paid-up capital of 5 Lakhs. Public Limited companies have high legal compliances, however, it also has high advantages –

Raising capital from the public by disbursing shares
It can have unlimited shareholders
It continues to protect directors and shareholders from personal liability

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