Public Company Section as per Law (Companies Act, 2013)

As per Section 2(71), a public company means a company which is not a private company; has a minimum paid-up share capital of five lakh rupees or such higher paid-up capital, as may be prescribed.

A public company may be said to be an association consisting of at least 7 members, which is registered under the Act. The securities of a public company may be quoted on a recognised Stock Exchange. There is no limit on number of members.der

In simple words, a public company is a compay regissterd under companies act, 2013 in which general public can purchase share or debentures of that company

Feature of Public Limited Company

  • The securities of any shareholder shall be freely transferable
  • Minimum 3 Directors
  • Minimum 7 members (Shareholders)
  • No limit on maximum number of members
  • Minimum Paid Up Capital Not Applicable
  • Statutory Audit is required every year
  • More Compliances by law
  • Suitable for Big Business
  • Used to expand LLP or Pvt Company
  • Only Public Ltd Company’s share can get shares listed on Stock Exchange

How Easyservicing help you to Incorporate Public Limited Company

We Easyservicing provide Public Limited Company incorporation and its Comliances services in India, which help small and medium sized entrepreneurs to start a Public company and helping customers in selecting the best legal entity in India

We provide online company registration services at affordable price, which is very fast and easy, to our global clients in India & across the globe, which meet client's requirements and expectations completely.

Registration Process

Raise Request
Provide with Relevant Documents
10-20 Working Days
Your Private Company is Registered

Advantages of Public limited company

  • Can avail funds from general public
  • Continuity of existence
  • Larger amount of capital
  • Unity of direction
  • Efficient management
  • Limited liability
  • A company legal status
  • Separate legal entity
  • Easy borrowing options available
  • Company exclusive rights to the use of the company name

Disadvantages Public limited companies:

  • Increased legal compliance than Pvt Company & LLP
  • Heavy compliances with companies Act, 2013 and Rules
  • Higher costs than sole Pvt Company & LLP
  • Scope for promotional frauds
  • Undemocratic control
  • Scope for directors for personal profit
  • Subjected to strict regulations.

Copyright © 2017 Easyservicing Private Limited. All right reserved. Unless Otherwise indicated, all materials on these pages are copyrighted by Easyservicing Private Limited.