About As per section 2(71) of companies act 2013, “Public company” is a company which is not the private company.
A public company has a right and power to raise funds through IPO’s and can issue preference shares also to its members.
Bankers and Investors preferred over any other entity for giving funds.
The huge fund can be raised by issuing an IPO.
The government prefers over any other entity for tenders’ purposes.
No restrictions on numbers of members
Enjoy the right of the separate legal entity.
Liability of members is limited to the debts taken by the company.
Minimum 3 directors and 7 shareholders are required for incorporation purpose.
Firstly, each has to apply for DIN and DSC simultaneously.
Choose the Name (terms and conditions are applied) and apply to ROC for approval.
Draft MOA and AOA (terms and conditions are applied).
Then CIN no. will be issued at once documents are verified.
Copy of PAN card of all directors
Identity proof of all directors (Aadhar Card/ Voter ID card)
Utility bill (Electricity bill/Water Bill/ Gas Bill/ Mobile Bill) not less than 2 months old of the business address.
Drafted MOA and AOA.
Passport size photo of all directors
Copy of owner property proof (If the property is owned).
Copy of Rent agreement/Leased agreement (If rented/leased).