Overview
A Public Limited Company is governed by the Companies Act, 2013 and the Companies Incorporation Rules, 2014. In a Public Limited Company shares may be freely sold and traded to public as compared to other Company. Public Limited Company limits the liability of shareholders to the extent of their capital. To register a company, minimum three directors and seven shareholders are required. This form of company has a perpetual succession. Shareholders may come and go but company continues as separate legal entity. It attracts Foreign Direct Investment, Foreign Loan & Equity Participation under Foreign Exchange Laws. Public Limited Company may list its shares on Indian Stock Exchange and can raise capital from public after complying all procedural aspect. In Udaipur Rajasthan, S K Nagda & Company, Chartered Accountants have expert consultant for Public Limited Company Formation.
