What is the definition of a public ltd company?

Business Strategist

What is the definition of a public LTD company?

 
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Advocate

Please refer Avtar Sing Company Law 17th Edition.

 
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A company is organization of people which is formed to achieve common objective and incorporated by following the Rules of Companies Act, 2013 in India.

As defined under the section 2(71) of the Companies Act 2013, a Public Company means a company which –

(a) is not a private company; and

(b) has a minimum share capital as may be prescribed.

Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles.

The requirement of minimum paid-up capital of the company is removed by the Act. However, the authorised capital must be kept minimum Rs 5 Lakh. The requirement of minimum 7 members is not provided in the definition but prescribed in section 3 of the Act.

If you looking for public company registration in India, team LegalWiz.in is here to help.

 
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respected sir

According to the Company Act 2013 a public limited is a company that has limited liability and which offers its shares to the general public. Company's stock can be acquired by anyone whether privately through (IPO) initial public offering or through trades on the stock market. It is strictly regulated and is required to publish its true financial health to its shareholders.

As the above answer has covered up most of the basics about Public Ltd Company i would like to add on about the-

Requirements/ Registration of Public limited Companies 

1. 7 minimum shareholders and 3 directors

2. minimum share capital is Rs 5lakh

3. Digital signature certificate of one of the directors.

4. application for selection of company name.

5. Submitting application to ROC along with documents like AOA,MOA, dully filled form DIR-12, Form INC-7, and Form INC-22

6. payment of prescribed registration fees

7. Application for the certificate of business commencement after approval from the ROC.

regards

 

 
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