Public Limited Company

(a) is not a private company;

(b) has a minimum paid-up share capital of five lakh rupees or such higher Paid-up capital, as may be prescribed. The capital of a public company is generally raised from the public. People belonging to all walks of life throughout the country can buy shares which are priced at low levels.

Moreover, there is no restriction on the number of members in a public company. Credit standing of a public company is better than that of a private company. Therefore, it can raise huge financial resources.

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