Public Limited Company

Public Limited Company


Public Limited Companies are those types of companies where minimum number of members is 7 and no restriction on maximum number. It has the limited liability of members and has all the advantages of partnership namely flexibility, greater capital combination of different and diversified abilities, etc., and at the same time it has advantages of limited liability, greatest stability and legal entity.


Advantages

  • Easy to get public money
  • Most credible
  • Ideal for companies intending to float IPO

Minimum Requirements

  • 3 directors, 7 members

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