A public limited company is defined to mean a company that is not a private company and which has a minimum paid up share capital of Rs. 5 lacs or more. The restrictions that are statutorily applicable on a private company do not apply to a public company. Therefore, the shares of a public company are freely transferable and there is no restriction on the maximum number of shareholders that it may have. A public company can also accept deposits from public as opposed to a private company.
Company Registration in India|
Company Formation India
