Ideal choice of Large Scale Industries, Highly funded Business. Can raise funds from public and attracts lot of compliances
A Public Limited Company or PLC is a joint stock company formed and registered under The Indian Companies Act, 2013 or any other previous act. It is an association of persons formed voluntarily, having a minimum paid up capital of Rs. 5,00,000.
Public Limited Companies are those types of companies where minimum number of members is seven and there is no cap on the maximum number of members and maximum three directors.
A public limited company has most of the characteristics of a private limited company. A public limited company has all the advantages of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency.
Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc.,. The company can invite the public for the subscription of shares or debentures, and that is why the term ‘Public Limited’ gets added to its name.
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