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Public Limited (For Indians)
Limited company is the ideal choice of corporate entity for medium and
large sized businesses that raise equity capital from the public. For Public
Limited Company Registration, the company must have minimum 3 Directors, 7
Shareholders and Maximum 50 Directors. However, minimum authorized and
subscribed share capital required for public company is Rupees five lakh.
A Public limited company have all the advantages of Private Limited Company and
the ability to have any number of members, ease in transfer of shareholding and
more transparency.
As per Company Act 2013 a Public Limited Company is a company that has
limited liability and offers shares to the general public. Its stock can be
acquired by anyone, either privately through (IPO) initial public offering or
via trades on the stock market. A Public Limited Company is strictly regulated
and is required to publish its true financial health to its shareholders.
A public limited company can have a rather huge magnitude of capital,
much more than that gathered by a private limited company. It is legally authorized
to trade on stock exchanges. There is no limit to the maximum number of
shareholders in a public limited company. Again, shareholders do not have to
take part in the day-to-day management of the business of the company.
