1- As per the provisions of the Companies Act, 2013 to start a public limited company, a minimum of 3 directors and 7 members are required and there is no restriction on the maximum number of directors and members.
2- The liability of each shareholder is limited.
3- A public limited company is required to have a minimum paid-up capital of Rs 5 lakhs.
4- A public limited company’s shares are purchased and sold on the market. They are freely transferred among the members and the people trading on stock markets.
List of Documents required for incorporating a Public Limited Company
1- Aadhar Card of all the shareholders and directors.
2- Proof of address of all the directors and the shareholders.
3- PAN number of all the shareholders and directors.
4- Utility Bill( Not Older then 3 months) of the proposed registered office for the company
5- A NOC (No Objection Certificate) from the landlord where the office of the company will be situated