The Public Limited Company is a Company that brings a separate legal business entity which has a limited liability and the securities of the company are traded on the Stock Exchange (SEs). In the case of Public Limited Company, anyone can either buy or sell the shares of the Public Limited Company through Initial Public Offerings (IPO).
The biggest advantage that a Public Limited Company can have is the ability to raise the capital funds through the issuance of public shares through Initial Public Offerings (IPO), which is a listing on a public stock exchange which attracts interest from hedge funds, mutual funds, professional traders as well as the individual investors.
The Public Limited Company is a business entity which comprises a minimum of 3 directors to run the company and have no specific restrictions on the maximum number of directors who became a part of the Public Limited Company. The prerequisite to become the director with a Public Limited Company is the to possess the Director Identification Number (DIN), which is being issued by the Ministry of Corporate Affairs (MCA)