As per Companies Act, 2013 A Public Company is a Company which is not a Private
Company. 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 while there is no limit on the number of members in case of a public limited
company. 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 can be either listed or unlisted. A Public Limited Company is
strictly regulated and is required to publish its true financial health to its shareholders.
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