✔ For a public limited company, there must be at least seven shareholders and three directors.
✔ A public limited company must have two directors, at least one of whom must be an Indian citizen.
✔ Your company's name is crucial because it creates the first impression in the minds of your buyers, suppliers, and stakeholders.
The applicant must apply for a Director Identification Number (DIN) and a Digital Signature Certificate (DSC).
The company name is checked and verified in this step to ensure that it complies with the Ministry of Corporate Affairs' (MCA) requirement.
The applicant would file the application form to obtain the certificate of incorporation once the name of the public limited company had been approved by the appropriate authorities.
After completing the aforementioned steps, the applicant must submit all necessary paperwork to the MCA.
The Registrar of Companies will issue the public limited company's certificate of incorporation after confirming the procedure.
The final step entails opening a bank account in the name of the public limited company to handle day-to-day business on the organization's behalf.