• Can NRIs/Foreign Nationals be a Director in Public Limited Company?

  Yes, an NRI or Foreign National can be a Director in a Public Limited Company after obtaining Director Identification Number. However, at least one Director on the Board of Directors must be a Resident of India.

• Is there any limit on a number of shareholders in a Public Limited Company?

  No, unlike a Private Limited Company a Public Limited company has no limits on a maximum number of shareholders.

• What is Share capital?

  When the total capital of a company is divided into shares, is called share capital. The share capital is the total amount of capital collected from their shareholders for the purpose of achieving the objectives of the company.

• How many Directors are required to incorporate a Public Limited Company?

  A Public Limited Company must have a minimum of three directors.

• What is Director Identification No. (DIN)?

  DIN is a unique identification number allotted to an individual who is appointed as a Director of a Company and it is mandatory for every Director to have this number.

• Is it necessary to have a Company’s books audited?

Compliance is important with a limited company, given that penalties for non-compliance can run into lakhs of rupees and even lead to the blacklisting of directors.