Public Limited Company
Sec 2 (71)– A Public company is a company owned by the public. There are two uses of this term. A company that is owned by stockholders who are members of the general public and traded publicly.
Requirements:
- Minimum 7 or more persons to act as Subscriber to the Memorandum for its set up.
- Minimum 3 Directors {the above members may act as a director}
- Minimum Capital Requirement is 5 Lacs.