WHAT IS PUBLIC LIMITED COMPANY:

As per the Companies Act 2013, a Public Limited Company is a company that has limited liability and offers shares to the general public. A private limited company can have a maximum of 200 members but a public limited company has no limits. Its stock can be acquired by anyone, either privately through initial Public Offering or via trades on the stock market. A Public Limited Company can be either listed or unlisted. A Public Limited Company is strictly regulated and required to publish its absolute financial health to its shareholders.

Key Features of Public Limited Company:

A public limited company has the following features:

• No of Directors : Minimum 3, maximum : Unlimited
• Liability : The share holders Liability is very Limited. The stake holders is not personally liable for the activities of the Company.
• Capital: The minimum paid-up capital to form a Public Limited Company is Rs. 5 Lacs.
• Issue share to the public : a public Limited company can issue share to the public but private limited company cannot.

Necessary documents for the formation of a Public Limited Company:

• Selected Name of Company
• Din and DSC of administrators
• Administrators KYC
• Address Proof of Registered workplace.

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