A Public limited Company is a Company registered under the Companies Act, 2013 which not only enjoy the status of separate legal identity but the shares of Public Limited Company are offered to the public at large and are capable of being listed on the stock exchange. A Public Limited Company required minimum of SEVEN members and THREE Directors.
Such type of Company is more suitable for those running Business on Large Scale and wish to get its shares listed on a stock exchange and who are desirous of offering the shares to the public. Such Companies tends to acquire greater market share in the industry and have a goodwill in the market. Banks and Financial Institutions prefer the public companies more for sanctioning the loans.
A Public Limited Company is registered under the provisions of the Companies Act, 2013 through the procedure prescribed under the Act / Rules and Regulations made there under.