Public Limited Company
Public limited company as the name signifies is the form of body corporate which offer shares to the public. The biggest advantage of forming public limited is that it grants ability to raise capital by issuing public shares by which it has more potential to grow and expand.
Public Limited company can be either an unlisted or listed company on the stock exchanges with a minimum seven members and three directors. Only Public Limited Companies can list its shares on Indian Stock Exchanges such as National Stock Exchange (NSE), Bombay Stock Exchange (BSE) and so on. As it is not closely held company shares of this type of company can be easily traded in open market.
A public limited company is separate legal entity and members hold a limited liability in the company and cannot be held liable beyond the shares held by them. A public limited company can own and sell the property under its name.