Additional Steps to be taken for formation of a Public
Limited Company
Consent of Directors to act as such in Form No.29.
- Arrange for payment of
application and allotment money by Directors on shares
taken or agreed to be taken.
- File the statement in
lieu of prospectus with ROC in schedule-iv of the
Companies Act.
- File a declaration in
Form-20 duly signed by one of the Director.
- Obtain the Certificate
of Commencement of Business.
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Other Requirements of the
private limited company:
- There should be at least
to directors of the company.
- The two directors will
be the subscriber of the memorandum and they subscribe
the minimum capital.
- Minimum capital for a
private company is INR 1,00,000/-
- Registration fee is
depending upon the authorized capital of the company. It
should be equal or more than the subscribed capital of
the company.
- Regarding non-resident
interest in the company Foreign Exchange management Act
is controlled all the issue. You can invest up to 100%
depending upon the type of industry.
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