A public limited company is a type of company requires at least 7 or more person for its set up. Means the company must have require minimum 3 directors, 7 shareholders, Rs. 5 lakh paid up capital and maximum 50 directors to form it. A public limited company is generally known as public company which is incorporated under the Companies Act 2013. It is also called as publicly held company and a limited liability company whose shares can be freely sold and traded to public with a minimum share capital.
Advantages of Public Limited Company:
1. Raising capital through public issue of shares
2. Widening the shareholders base
3. Growth and expansion opportunities
4. Ideal for companies intending to float IPO
5. Shareholders of a public company can transfer their shares
Advantages of Public Limited Company:
1. Raising capital through public issue of shares
2. Widening the shareholders base
3. Growth and expansion opportunities
4. Ideal for companies intending to float IPO
5. Shareholders of a public company can transfer their shares
