A public company is a type of company whose shares may be freely sold and traded to the public. A Public limited company have all the advantages of Private Limited Company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Public Limited Companies can be either an unlisted or listed company on the stock exchanges.

Key Features of Public Company-

• Must have minimum 3 Directors, 7 Shareholders and Maximum 50 Directors.
• More preference is given to public limited company in giving loan.
• Shares may be freely sold and easily traded.
• A board of directors with experience/ expertise can be appointed.
• The shareholders have limited liability.