A Public Limited Company (PLC) is a type of business entity that offers shares to the general public and has limited liability. It is governed by the Companies Act, 2013, and is required to have 'Limited' or 'Ltd.' as part of its name. Unlike private companies, a public limited company can raise capital by offering shares to the public through stock exchanges.
Public Limited Companies must have a minimum of 7 shareholders (with no maximum limit) and at least 3 directors. They are subject to stricter regulatory requirements, including mandatory audits, public disclosure of financial statements, and compliance with SEBI regulations. This structure is ideal for large-scale businesses seeking substantial capital and public investment opportunities.
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