**Public Company Registration**
**Definition of a Public Company:**
A “Public company” is a company that:
– Is not a private company.
– Has a minimum paid-up share capital of five lakh rupees or a higher amount, as prescribed.
Additionally, a company that is a subsidiary of a company that is not a private company is also considered a public company for the purposes of this Act, even if the subsidiary company remains a private company in its articles.
**Process of Registration:**
**Minimum Requirements for a Public Company:**
1. **Shareholders:** Minimum of 7 shareholders.
2. **Directors:** Minimum of 3 directors (the directors and shareholders can be the same individuals).
3. **Authorized Share Capital:** Minimum authorized share capital of ₹500,000 (INR Five Lakh).
4. **DIN:** Director Identification Number for all directors.
5. **DSC:** Digital Signature Certificate for one of the directors.
**Documents Required:**
**Identity Proof:**
– For Indian nationals: Income-tax PAN is mandatory for proof of identity.
– For foreign nationals: A passport is mandatory for proof of identity. The proof of identity should also include the applicant’s date of birth, matching the date of birth in the application form. If the proof of identity does not indicate the date of birth, additional certified/attested proof of date of birth should be attached.
**Address Proof:**
– Acceptable documents include a passport, election (voter identity) card, ration card, driving license, electricity bill, telephone bill, or Aadhaar card.
**Steps for Incorporation:**
1. Obtain Digital Signature Certificate (DSC).
2. Obtain Director Identification Number (DIN).
3. Name approval.
4. Filing of other forms and documents with the Registrar of Companies (RoC).
5. Obtain the Certificate of Incorporation.