Capital: The minimum capital required to form a public limited company is Rs.500, 000/- However, as per theAct, this limit is not applicable to companies having a license under section 25.

The term “goes public” is generally used to address the IPO of an existing company which decides to list its shares on a Stock Exchange.

The Company name that includes the following will require Central Government approval: (a)Board (b) Commission (c) Authority (d) Undertaking (e)National (f) Union (g) Central (h) Federal (i) Republic (j) President (k) Rashtrapati (l) Small Scale Industries (m) Khadi and Village Industries Corporation (n) Financial, forest, Corporation and the like (o) Municipal (p) Panchayat (q) Development Authority (r) Prime Minister or Chief Minister (s) Minister (t) Nation (u) Forest corporation (v) Development Scheme (w) Statute or Statutory (x) Court or Judiciary (y) Governor (z) Bureau Also, the usage of word Scheme with the name of Government, State, India, Bharat or any government authority or in any manner resembling with the schemes launched by Central, state or local Governments and authorities also require approval from Central Government Ending Names As per the Act, it is mandatory to suffix the type of Company name or should be shown as prescribed.

No Identical Names The name of the newly proposed company should not be identical or similar to that of an existing company; moreover, the meaning of identical names is well described in the act.

Utility proof To prove that the registered address of the company is functional, it is required to produce a utility bill of the registered address of the company.

It is worth to note here that a Partnership Firm and a Sole Proprietorship do not qualify as a Company, as it doesn’t involve registration.

Trademark Renewal and Trademark Restoration Trademark renewal is a process to renew its trademark as per the rules of the Trademark Act to retain the protection that comes with the trademark.

Advantages 1.Limited Liability: As per the Act, the partners have the flexibility of limited liability, any errors or negligence of one partner will not be the obligation of the other partner.

Also, the members of a company are not liable for the company's debts to its creditors. 4.

Certain non profit types of companies can also be established in India, they are: Section 8 Company A Section 8 Company is the most popular forms of Non-Profit Organizations in India, recognized under the Companies Act, 2013.