ATP Gyan

Company Law



Company Law » Incorporation of Companies » Incorporation of Public Company


Incorporation of Companies

Incorporation of Public Company


Public Company [section 2(71) of the Companies Act, 2013] 

As per Section 2(71), a public company means a company which:

(a) is not a private company; and

(b) has a minimum paid-up share capital, as may be prescribed.

Important Points On Public Company 

  • 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.
  • Minimum numbers of Shareholders to form a public company is 7 and maximum - No limit.
  • Minimum numbers of Directors to form a public company is 3.
  • As per section 58(2), the securities or other interest of any member in a public company shall be freely transferable. 

 

 

Sponser's Link

Company Law


Chapter's Name:

1. Introduction to Company Law
2. Incorporation of Companies
3. MOA and AOA of Company and Its Alteration
4. Prospectus And Allotment of Securities
5. Share and Share Capital

Category Lists