- The information relating to the company such as name of the Company, date of incorporation, registered office address, status of the Company are made available in a publicly searchable database i.e. MCA. This feature increases the credibility between the customer, vendors and investors
How much time is required to incorporate a public limited company?
Generally, time period of 8-10 working days is required in registration of a company, however it is a legal process and government approval is involved therefore committing a fixed period is not beneficial, startups are recommended to plan in advance before the announcement date of their business.
Primary requirement for setting up public limited company?
The minimum requirement for setting up public company is having minimum seven shareholders and three directors, the directors can also be shareholder.
Any minimum requirement of paid up share capital?
Previously there used to be minimum requirement for paid up share capital whereas presently there is no such limit. Any paid up capital can be used for incorporation..
Can changes be possible after incorporation of Public Limited Company?
Yes, after incorporation changes are possible. The changes like name change; object clause change; management change; authorized capital change; paid up capital change and many more if allowed under law.
Can the equity shares be transferred to outsider?
After the allotment of shares the same can be transferred to outsider even few percentages out of the holding can also be transferred to the transferee provided SH-4 transfer deed must take place. .