What is a public limited company?
A company registered under the Companies Act (1980), with statutory minimum capital requirements and shares offered to the public subject to conditions of limited liability is public limited company and A private limited company, or LTD, is a type of privately held small business entity.
Advantages of a Public Limited Company
- The shareholders have limited liability.
- A company can raise additional capital by issuing more shares or debentures.
Greater borrowing power.
- A board of directors with experience/ expertise can be appointed.
- Shareholders can sell/transfer their shares freely.