A Public Limited Company registration in India is the best suitable business structure for entrepreneurs who are planning for large-scale business operations.
A Public Limited Company in India enjoys all the privileges of a corporate entity together with the features of Limited Liability. A public limited company is defined as a company which is not a private company (but includes a private company that is the subsidiary of a public company).
The member of a Limited Company registered in India enjoys the features of Limited Liability and this type of entity is also allowed to raise capital from the public by the issuance of shares. Its stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market.
As per the provisions of the Companies Act, 2013 to start a public limited company, a minimum of 3 directors & 7 shareholders are required and there is no restriction on the maximum number of directors. It is a compulsory requirement under the Companies Act, 2013 for all public companies to add the word eLimitedf after their name.
