Public Limited Companies are those companies whose shares are traded in stock market or issues fixed deposits. A Public limited company has all the advantages of Private Limited Company and the ability to have any number of members, ease in transfer of shareholding and more transparency.
A Public Company can only be listed on stock exchanges and can issue securities to general public through an initial public offering (IPO). Shares of only Public Companies can be traded on stock exchanges. They are subject to higher levels of reporting, regulations, and public scrutiny. A listed Public company must meet stringent reporting requirements set out by Securities and Exchange Board of India (SEBI).
For Public Limited Company Registration, the company must have minimum 3 Directors, 7 Shareholders and Maximum 50 Directors and need Rs 5 Lakhs of Paid up Capital.