You can register as public limited company so that you can take crowd funding. A public limited company is a type of company which is registered under company act2013. Major advantage of a public limited company is that it can issue their securities/shares and sell it to the public. Securities of such companies can be sold on both primary and secondary markets.
The company has separate legal existence. A Public limited company should have minimum of 3 directors and if there are more than 15 number of directors, company may appoint directors after passing a special resolution. Public limited company have no limit for shareholders. The liability of each shareholder is limited. That means a share holder doesn’t have a liability more than their investment.
A public limited company is required to have a minimum paid-up capital of Rs 5 lakh. Public limited companies are strictly regulated and are required by law to publish their complete financial statements annually. A public limited company is not affected by the death of one of its shareholders, but her shares are transferred to the next of kin and the company continues to run its business as usual. In the case of a director’s death, an election is held to replace the deceased director.