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Public Limited Company

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Divya Singhvi

Limited Liability
public limited company
Start & Run Business
Last updated on May 5th, 2021

A Public Limited Company is a separate legal business entity having limited liability. The securities of Limited companies are traded on a stock exchange. Anyone can buy and sell shares of Public Limited Company. As per Company Law, 2013 a Public Company has to compulsorily present its financial stats and position publicly to maintain transparency. Furthermore, it enjoys huge benefits like

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Calculate Incorporation fees for Form filing, registration and stamp duty to register your business with MCA in India
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Characteristics of Public Limited Company

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Disadvantages of Public Limited Company

Though Public Company is an excellent option for the entrepreneurs who lack capital for starting a business, it also has certain drawbacks:

FAQs

Who controls a public limited company?

Shareholders are the owners of a Public company. However, they appoint a board of directors who control and make decisions about the business.

What are the Requirements for Public Limited Company Registration in India?

There should be minimum 7 shareholders and 3 Directors to set up a Public Limited Company. Above all, Directors can also be shareholders. Furthermore, the minimum paid-up share capital should be Rs. 5 lakhs.

Can an NRI/Foreign National be a director in a Public Limited Company?

Yes, an NRI or Foreign National can also be a shareholder or director in a public company of India. However it should possess a DIN issued by MCA.

Got Questions? Ask Away!

  1. Hi @emmy

    A private limited company shall have minimum two members and maximum 200 members, whereas a public limited company can have minimum 7 members and there is no limit in the maximum number of members.

    You can read more about various types of companies and their provisions here:

    Hope this helps!