What is the Public Limited Company?
A Public Limited Company in India has all the benefits of a corporate organization jointly with the characteristics of Limited Liability. Registration of a Public Ltd. Company is under the provisions that are specified under the Companies Act 2013. A public Limited Company can offer shares to the public. A public Limited company gets listed with the stock exchange to increase capital from the common pubic. Directors manage the business in a public limited company and it is possessed by shareholders.
The rules and the regulations of a Public Limited company are inflexible and strict as compared with a Private Limited Company. To register a Public Limited Company, it is important to tally all the legal requirements. The number of Directors, Number of shareholders, minimum paid-up share capital is needed to be noticed while registration of a Public Ltd. Company. There are growth opportunities on registration of a Public Limited Company. It is observed to be a separate legal body from the shareholders. The company is controlled by the Board of Directors. The investors elect the Board of Directors. A Public Limited Company has an everlasting existence and can have its PAN, bank account, licenses, assets and liabilities.
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