Under Section 2(71) of the Companies Act 2013, a Public Limited Company is defined as company, which is not a private company .A Company with a minimum, paid up share capital of INR 5 Lakhs. This form of legal entity is advisable for Large scale businesses that require huge capital .In a Public Limited Company Registration, the composition of the company must have three Directors (minimum)Seven Shareholders and Maximum of Fifty Directors .
In order to raise capital from the general public, the Public Limited Companies is usually enlisted with the Stock Exchanges .The aforesaid factor makes it compliant to multiple government regulations.
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