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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. 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 Liability

    Liability of shareholder for the losses of the company is limited to their contribution only.

  • Perpetual Succession

    A 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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