Any individual/organization can become the member of the Public Limited Company including foreigners/NRI.

Shareholders are the owners of a public limited company, but they elect a board of directors who manage and make decisions on behalf of the business.

To incorporate a Limited Company, a minimum of seven people are required. A Limited Company must have a minimum of three Directors and seven shareholders.

A limited company must hold a Board Meeting atleast once in every 3 months. In addition to the Board Meetings, an Annual General Meeting must be conducted by the Private Limited Company, atleast once every year.

Definitely! A Public Limited company can enroll itself in several stock exchanges in India and raise its capital from the stock market itself.

As a public limited company deals with public money, it has to make rather heavy compliances strictly, which are bulkier than those performed by a private limited company. Apart from the regular compliances related with income tax, there are many periodic and annual compliances to be made by a public limited company with ROC/MCA, SEBI, RBI, etc. These regulatory liabilities are in addition to securing and promoting steadily the profits and welfare of all shareholders of the public limited company.

No. As the company’s PAN details remain same, there is no need of new registration. However, application of modification must be made for name change in records.

The company can start its business operations as a Public Company on receipt of the fresh Certificate of Incorporation from RoC.

Once the name approval letter is received from the ROC, the MoA and AoA are required to be drafted. The name clause and capital clause are altered along with the removal of restriction to Private Company as provided by definition.

The suffix “Private Limited” will be replaced with “Limited.” For this change, the company has to seek permission from the shareholders and after that make the required changes in the MoA to get it amended.