- Promoters come together to conceive and develop the business idea.
- They then prepare a prospectus, which includes details about the company's objectives, financial information, and share capital.
- The promoters then apply for the company name and submit the necessary documents to the Registrar of Companies (ROC) for incorporation.

- The company must have a minimum share capital as prescribed by the Companies Act.
- The shares are then allotted to the shareholders who become members of the company.
- The company must have at least seven shareholders to form a public limited company.

- The company must comply with various statutory requirements such as appointing directors, auditors, and company secretary.
- The company must also file the necessary documents with the ROC within the specified time frames.

- Once all statutory requirements are met, the company can issue a prospectus to invite the public to subscribe to its shares.
- The prospectus must contain all material information necessary for investors to make an informed decision.

- Once the minimum subscription is received, the company can commence its business operations.
- The company must then file a declaration of commencement of business with the ROC.
By following these steps, a public limited company can be successfully formed and start its operations in compliance with the legal requirements.