Frequently Asked Questions
1What is the number of people required to incorporate a Public Limited Company?
A minimum of 7 people are required to incorporate a Public Limited Company. The limited company needs to have a minimum of 7 shareholders an 3 directors.
2What are the requirements to be a Director?
There are no limitations of citizenship to be a director. But the person should be 18 or above 18 years of age.
3Can NRIs / Foreign Nationals be a Director in a Public Limited Company?
Yes, a NRI or Foreign National can be a Director in a Public Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be an Indian resident.
4What documents are required to incorporate a Public Limited Company?
Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
5How long does it take to incorporate a Public Limited Company?
ccadvisors.in can incorporate a Public Limited Company in 20 working days. The time taken for incorporation will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy incorporation, please choose a unique name for your Company and ensure you have all the required documents prior to starting the incorporation process.
6What are the statutory compliances required for a Public Limited Company?
A Public Limited Company must hold a Board Meeting at least once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Public Limited Company, at least once every year.