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New company

ANIL MAKKAR (A) (70 Points)

25 April 2008

I want to open a Public Ltd. Co..

what are the requirements?

is there a condition that i have a certain/minimum percentage in Authorised/Issued Capital?

What are the formalities to be done?

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4 Replies

Kunal (student) (61 Points)
Replied 25 April 2008

minimum paid up capital should be 5 lacs Memorandum and articles of asociation along with minimum three directors and seven members will be required u will have to start with name first get name from registrar of companies by filling form 1A and requisite fees with it then after its approval file form 1, 18, 32

Kunal (student) (61 Points)
Replied 25 April 2008

shilpa (company secretary in practice) (148 Points)
Replied 26 April 2008

first stage is to get the DIN numbers and Digital signature Certificate to start with the formalities

Then apply for Name availability with the office of Registrar of companies in form No.1A

After getting name approved prepared the Memorandum and Articles of Association and form 1 ,18,32 and filed it with ROC along with filing fees and after necessary payment of stamp duty.

after the aaproval of above documents you will get certificate of incorporation

But you can not start the business if u wish to form a public limited company unless you get a Business Commencement certificate from the ROC

So file necessary documents for getting the BC certificate and then you can start the business under your company name