Public Limited Co

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Debashis Mandal (Querist)
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16 March 2011 Respected Experts
In case of formation of a public limited co are all atleast 7 subscribers of Memorendum of Associations are to be appointed as the Directors of the Co
If a Co is issuing Pref Share Capital then is the total capital limit ie Equity Share Capital plus Preference Share Capital is to be within the limit of Authorised Capital
Thanks
Debashis Mandal

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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16 March 2011 No all subscribers need not be first directors of the company. In case of a public limited company minimum three directors are required.Even a person who is not a subscriber can also be appointed as director.

Yes authorized share capital includes both equity and preference share capitals.

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Jayashree S Iyer

Jayashree S Iyer (Expert)
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16 March 2011 Agree with Mr. Krishna Kumar.

Minimum number of subscribers required to form a public limited company is 7.

Minimum directors required in the case of a public limited company is 3 who can be other than subscribers to MOA.

Authorised Share Capital includes both equity and prefrence share capitals.

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