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Public Limited Company

Public Limited Company is similar to Private Limited Company with the difference being that number of shareholders of a Public Limited Company can be unlimited with a minimum seven members.

Public Limited Company
A Private Limited Company?

Registering a Company is quick, easy, and can be done online with Ledger in 3 simple steps:

STEP 1

We help you register your directors with the Ministry of Corporate Affairs (MCA).

STEP 2

We help you pick the right company name.

STEP 3

We draft and file the documents required for your company registration (MoA and AoA).

Public Limited Company - An Overview

Public Limited Company is similar to Private Limited Company with the difference being that number of shareholders of a Public Limited Company can be unlimited with a minimum seven members. A Public Limited Company can be either listed in a stock exchange or remain unlisted. A Listed Public Limited Company allows shareholders of the company to trade its shares freely on the stock exchange. A Public Limited Company requires more public disclosures and compliance from the government as well as market regular SEBI (Securities and Exchange Board of India) including appointment of independent directors on the board, public disclosure of books of accounts, cap of salaries of Directors and CEO. Like a Private Limited Company, a Public Limited Company is also an independent legal person, its existence is not affected by the death, retirement or insolvency of any of its shareholders.

Salient Features of Public Limited Company

  • Limited
    LiabilityLiability of shareholder for the losses of the company is limited to their contribution only
  • Perpetual
    SuccessionA business of the Company will not be affected by any change in the ownership of the company.
  • IPO and Listing
    Public Company can be listed on stock exchange and raise funds by way of public issue
  • Transfer of Ownership
    Shares of a public company are freely transferable between its members and non-members
  • Disclosure & Transparency
    The public company are governed by stringent disclosure and compliances. Financials of the company is in public domain.
  • Directors & Shareholders requirement
    Minimum 3 directors, Minimum 7 shareholders required and there is no limit on maximum shareholders of the company.
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