Limited Company

A Public Limited Company is a company that has limited liability and offers shares to the general public. It’s stock can be acquired by anyone, either privately through (IPO) initial public offering or via trades on the stock market. A Public Limited Company is strictly regulated and is required to publish its true financial health to its shareholders.

It is required to have minimum 7 shareholders, 3 directors (there is no restriction on the maximum number of directors) and  paid-up capital of Rs 5 lakh or such higher amount as prescribed under the act to start a public limited company.