A Public Limited Company is a Company where the minimum number of members required is seven. However, no limit has been prescribed for the maximum number of members, hence can have unlimited persons as their member. It is legal entity and has its own identity which is separate from its owners. The shares of Public limited company are freely tradable, hence can get its shares listed on public bourses which may be purchased by the public and trade freely on the open market. Shares of Public Limited shares can be traded on stock exchanges i.e. BSE and NSE. A minimum of three Directors are required for compose the Board of the Company who are entrusted with the responsibility to look after the affairs of the Company on behalf of the owners/ shareholders. Stringent regulatory requirements have been imposed as compared to a Private Limited Company, as the public at large is involved. We, at Complainceship, provide full fledge assistance to the entrepreneur in registering his/ her public limited company without any hassle and help them in achieving their dreams.
Shareholder liability for the losses of the company is limited to their share contribution only.
:A public limited company has a minimum number of seven shareholders or members and a limitless number of members. It can have as many shareholders as its share capital can accommodate.
There is no minimum capital requirement for formation of Public Limited Company.
If listed then shares of a public limited company are bought and sold in a stock exchange market. They are freely transferable between its members and people trading in the stock exchange.
A Public Limited Company having its distinct identity from its members. A company is a separate person having its own rights & Obligations.
A public limited company is not affected by death of one of its shareholders, and the company continues to run its business as usual. In the case of a director's death, an election is held to replace the deceased director.
Public Company is eligible to receive Foreign Direct Investment in terms of RBI Guidelines and FEMA Provisions.
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