A Public limited Company grants limited liability to its management and owners. A Public Limited Company is a Company limited by shares in which there is no restriction on the maximum number of shareholders Public limited company is where the company shares are help by Public. It have characteristics of a Private limited Company along with the advantages. Company can raise capital from Pubic and it is a kind of safe source of capital which is permanent and no need to pay interest or repayable like debt.
Separate legal entity
Minimum 3 directors required
Minimum 7 shareholders required and maximu members have no limit
Minimum paid up capital must be 5 lakhs
Shares are easily transferable
Can raise fund from public by issuing shares
Must have PUBLIC LIMITED written after the name
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